COLUMBUS, OH, Jan. 11, 2018 (Business Wire) -Hexion Inc. today announced it has sold its Additives Technology Group (ATG) business to MÜNZING CHEMIE GmbH, a privately-owned specialty additive company headquartered in Abstatt, Germany (“Transaction”). The Company received approximately $50 million in proceeds from the transaction, which is subject to customary post-closing adjustments. Hexion will use the sale proceeds for general corporate purposes.Read more
COLUMBUS, OH, April 1, 2013 (Business Wire) -
Momentive Specialty Chemicals Inc. ("Momentive Specialty Chemicals" or the "Company") today announced results for the fourth quarter and year ended December 31, 2012. Results for the fourth quarter of 2012 include:
Revenues of $1.1 billion versus $1.2 billion in the fourth quarter of 2011.
Revenues of $1.2 billion versus $1.3 billion in the third quarter of 2011.
Momentive Specialty Chemicals Inc. has announced that it has commenced consultations with the Works Council to cease production of formaldehyde and formaldehyde-based resins at its Leuna site operated by Momentive Specialty Chemicals Forest Products GmbH (the "Company").
This action will better align European market demand for forest products with Momentive's existing assets. The Company intends to cease production at the Leuna plant by June 30, 2012.Read more
Revenues of $1.2 billion in the fourth quarter of 2010 compared to $1.0 billion during the prior year period as sales continued to increase primarily due to volume gains and pricing actions including the contractual pass through of higher raw material costs.
About Hexion Specialty Chemicals, Inc.Read more