COLUMBUS, Ohio – (December 1, 2014) – Momentive Specialty Chemicals Inc. today announced that it will change its name to Hexion Inc., effective January 15, 2015.
“We are pleased to leverage the rich legacy of the Hexion name, which already has significant name recognition in the marketplace, and believe it better aligns with our company heritage,” said Craig Morrison, Chairman, President and CEO. “With significant market positions, we look forward to leveraging our specialty portfolio to continue serving our global customers. Our leading product brands, such as EPIKOTE™, EPIKURE™, Oilplus™ resin coated proppants, and various types of forest product resins and formaldehyde solutions, remain unchanged other than they are now under the Hexion Inc. umbrella.”
Momentive Specialty Chemicals has also recently completed or announced a number of strategic growth initiatives in 2014, including: the acquisition of an oilfield facility in Shreveport, Louisiana; a new epoxy resin and curing agent production facility in Itatiba, Brazil; a phenolic specialty resins joint venture manufacturing facility in China, which is expected to be operational in the fourth quarter of this year; and three formaldehyde facilities, which are expected come online in late 2015 and 2016, respectively.
About the Company
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. is the global leader in thermoset resins. Momentive Specialty Chemicals Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Momentive Specialty Chemicals is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive Specialty Chemicals and its products are available at www.momentive.com.