Hexion

France
France
SEARCH FILTERS
Time filter
Source Type

News Article | May 23, 2017
Site: www.prnewswire.com

LONDON, May 23, 2017 /PRNewswire/ -- According to Stratistics MRC, the Global Phenolic Resins Market is accounted for $10.82 billion in 2016 and is expected to reach $16.05 billion by 2022 growing at a CAGR of 6.7% from 2016 to 2022. Download the full report: https://www.reportbuyer.com/product/4823096/ Rising requirement for phenolic resins in tire industry, flourishing automotive industry in Asia Pacific region and advanced properties of phenolic resins are Some of the drivers that are influencing the market growth. Furthermore, rising requirement for light weight fuel efficient vehicles and espousal of nanotechnology are some trends providing immense growth opportunity for the market. However, stringent environmental regulations will hamper the market during the forecast period. Automotive is the fastest and the largest growing segment in phenolic resins market owing to increasing number of automobile sales across the globe. Asia Pacific is anticipated to emerge as the fastest growing region due to increasing number of end user industries and growing knowledge on low cost benefits of the product with varied applications. Some of the key players in this market include Fenolit D.D. , Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, BASF SE, Hitachi Chemical Co., Ltd., Dujodwala Paper Chemicals Ltd., Kolon Industries, Inc., SI Group, Inc., Sumitomo Bakelite Co., Ltd., Hexion Inc., Sprea Misr, Saluc SA, Aica Kogyo Co., Ltd., Red Avenue Group Co., Ltd., Chang Chun Plastics Co., Ltd., Mitsui Chemicals, Inc., Georgia-Pacific Chemicals LLC, Shengquan Group, Mansoura for Resins & Chemical Industries Co. and Lerg SA. Types Covered: - Solid Resol Resins - Liquid Resol Resins o Resol Resin o Novolac Resin - Other Types o Free-Formaldehyde Phenolic Resin o Bio-Phenolic Resin o Cresol Novolac End Users Covered: - Electrical & Electronics - Building & Construction - Furniture - Automotive - Other End Users Applications Covered: - Insulation o Rock Wool Thermal Insulation o Glass Wool Thermal Insulation - Foundry o Refractory Products o Sand Binders - Wood Adhesives o Laminated Veneer Lumber (LVL) o Plywood o Oriented Strand Board (OSB) - Laminates o Cotton Cloth Laminated Rod o Laminate Sheet o Copper Clad Laminates - Molding o Commutators o Coil Bobbin - Other Applications o Coatings o Friction Materials o Foam o Abrasives Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments Download the full report: https://www.reportbuyer.com/product/4823096/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: query@reportbuyer.com Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/phenolic-resins---global-market-outlook-2016-2022-300462694.html


News Article | May 29, 2017
Site: cen.acs.org

Swiss specialty chemical company Clariant will combine with U.S. chemical maker Huntsman Corp. in a merger of equals valued at about $20 billion. By joining, the companies hope to become a larger operation better positioned to compete, expand profits, and reduce costs. The new company will be called HuntsmanClariant. It will combine Huntsman’s advanced materials, performance products, polyurethanes, and textile effects businesses with Clariant’s catalysts, personal care, oil and gas, and plastics and coatings businesses. The two firms expect the deal to close by the end of the year. With annual sales of more than $13 billion, HuntsmanClariant will vie with Covestro to be the world’s second-largest specialty chemical maker after Evonik Industries. In a letter to employees, Clariant CEO Hariolf Kottmann said the time is right for the deal. “We are facing an uncertain economic environment with moderate growth and high volatility coupled with political uncertainties,” he said. “When we look at the competitor landscape, we see highly specialized companies like Croda and big players like Evonik—and ourselves stuck in the middle. That’s not where we want to be!” The planned merger follows years of significant restructuring on the part of both firms. In 2012, Clariant divested its textile and paper chemicals business, and it has recently worked to spin off its plastics and coatings businesses. The latter will stay in the new firm’s portfolio for now. In 2011, Clariant purchased Süd-Chemie, a maker of catalysts and adsorbants. And it expanded its access to the U.S. oil and gas industry in 2013 when it bought enhanced oil recovery firm Ultimate EOR Services. Huntsman, for its part, pursued a big merger, with Hexion, in 2008, but the deal fell apart. Huntsman is now separating its pigments and additives business, to be called Venator Materials, in a spin-off to be completed this summer. Once the merger closes, Huntsman shareholders will own 48% of the new company based on the difference in the values of the two firms’ shares. Peter R. Huntsman, Huntsman’s CEO, will serve as CEO of HuntsmanClariant, and Kottmann will be chair of the board. Clariant’s home base in Pratteln, Switzerland, will be the new firm’s headquarters, and operations will be in The Woodlands, Texas, where Huntsman is based. Huntsman’s businesses will add some heft to the Swiss specialties firm, analysts say, while Clariant’s strength in R&D will help make Huntsman’s nonspecialty offerings more appealing. “Huntsman has a large footprint in polyurethanes and undifferentiated products and does not have a lot of research and development or discovery,” points out Ray Will, a specialty and inorganic chemical consultant at IHS Markit. But Huntsman does have customer contacts that Clariant can leverage to sell more of its specialty chemicals. Overall, HuntsmanClariant aims to sell its polyurethanes, coatings materials, and other chemicals into growing markets such as personal care, packaging, and textiles. The firms’ executives also stress complementary businesses aimed at auto manufacturing. Will argues that the combined firm’s biggest growth opportunity will be in oil and gas drilling. As operators expand their use of fracking technology to drill more and more miles of horizontal wells, demand for drilling chemicals is rising rapidly, he says. Huntsman and Clariant say the combined firm will be more profitable than either stand-alone company, in part because of a projected $400 million in annual cost savings. Its combined profit margin of 17.2% will outpace Clariant’s 15.2% and Huntsman’s 13.4%, they say.


Thermoset resin in the global automotive composites market is forecast to grow at a CAGR of 6.6% from 2016 to 2021. The future of automotive thermoset resin composites market looks good with opportunities in interior, exterior and others components. The major growth drivers for this market are increasing automotive production and growing demand for lightweight and durable materials due to stringent government regulations to increase fuel efficiency and reduce greenhouse gas emissions. Emerging trends, which have a direct impact on the dynamics of the automotive thermoset resin composites industry, include development of rapid cure resin systems, emergence of bio based thermosets, and increasing use of Fire, Smoke, and Toxic (FST) resin. Automotive thermoset resin composite companies profiled in this market report include Ashland, Polynt, Huntsman Corporation, Aliancys A.G., Hexion, and AOC LLC are among the major suppliers of thermoset resin in the global automotive composites market. On the basis of its comprehensive research, the author forecasts that the exterior component is expected to be the largest market and expected to show the highest growth rate during the forecast period of 2016 to 2021. Within the thermoset resin in the global automotive composites market, sheet molding Compound/bulk molding compound (SMC/BMC), phenolic molding compound (PMC), and others are the major intermediate materials to manufacture automotive parts. SMC/BMC is expected to remain the largest market by value and volume, mainly driven by lowering the weight of the vehicle as well as offering parts consolidation, corrosion resistance, and lower capital investment for shorter series production. North American is expected to remain the largest market due to growing demand for lightweight and environmentally sustainable composite materials from the automotive industry. Government regulations, such as CAFÉ Standards in the US are putting pressure on OEMs to incorporate light-weight materials to curb the overall vehicle weight, and this is the key driver for thermoset resin in the automotive industry. The study includes a forecast for automotive thermoset resin composites market through 2021 segmented by components, application, intermediate material type, resin type, by country and region as follows: Automotive thermoset resin composites market by Automotive Components (Value ($M) and Volume (M lbs) from 2010 to 2021): - Interior - Exterior - Others Automotive thermoset resin composites market by Automotive Applications (Value ($M) and Volume (M lbs) from 2010 to 2021): - Pickup box - Closer panel - Body panel - Fenders - GOR - Heat Shield - Headlamp reflectors - Others Automotive thermoset resin composites market by Material Type (Value ($M) and Volume (M lbs) from 2010 to 2021): - Sheet Molding Compound(SMC) - Bulk Molding Compound(BMC) - Short Fiber Thermoset (SFT) - Phenolic Molding Compound (PMC) - Others Automotive thermoset resin composites market by Resin Type (Value ($M) and Volume (M lbs) from 2010 to 2021): - Polyester - Vinylester - Phenolic - Epoxy - Polyurethane Key Topics Covered: 1. Executive Summary 2. Global Thermoset Resin Automotive Market: Market Dynamics 3. Market Trends and Forecast Analysis from 2010 to 2021 4. Market Trends and Forecast Analysis by Region 5. Regional Analysis 6. Competitor Analysis 7. Growth Opportunity & Strategic Analysis 8. Company Profiles of Leading Players For more information about this report visit http://www.researchandmarkets.com/research/8cd6ns/growth Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-thermoset-resin-composites-market-growth-opportunities-2016-2021---research-and-markets-300463823.html


News Article | May 23, 2017
Site: www.businesswire.com

COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) is introducing a new phenolic resin for pre-preg composites with an ultra-low free formaldehyde (ULEF) content of less than 0.1%, at the SAMPE Seattle 2017 conference, May 23-25th. The new, lower volatile organic compound (VOC) CELLOBOND™ J 6021X01 resins, specifically designed for pre-preg manufacturing, maintain the CELLOBOND product line’s proven excellence in fire, smoke and toxicity (FST) performance while providing improved safe use and handling. The ULEF resin systems have 90% less free formaldehyde than previous systems. This new system results in reduced emissions during composite manufacturing and allows the development of pre-preg composite systems with even further reductions in free formaldehyde content. “Pre-preg” refers to a composite made by saturating, or pre-impregnating, a reinforcing fabric with the resin system before, rather than during, molding. “Phenolic composites are universally accepted as the best option for meeting the most stringent fire safety standards, such as FAR 25.853,” said Neil Smallwood, Managing Director at FTI Group. “With CELLOBOND J6021X01 phenolic resin, we have been able to combine fire safety with safer pre-preg manufacturing and handling. Our new FibaRoll PH pre-pregs and SMC formulations have a residual free formaldehyde of <0.01%. FST results are excellent, with outstanding Peak Heat Release of <10 kW/m2. CELLOBOND phenolic composite solutions also support improved workplace safety and hygiene.” For more information, customers should meet with Hexion representatives at SAMPE Hall A, Booth L16—or visit hexion.com. Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion 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. Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Hexion Inc. and its products is available at www.hexion.com.


News Article | May 9, 2017
Site: www.businesswire.com

COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (the “Company”) announced today that it is proposing to issue $75 million aggregate principal amount of new 10.375% First-Priority Senior Secured Notes (the “Notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Company previously issued $485 million aggregate principal amount of 10.375% First-Priority Senior Secured Notes due 2022 and the Notes will constitute a single class of securities with such previously issued notes. The Notes will be guaranteed on a senior secured basis by the Company’s existing domestic subsidiaries that guarantee obligations under its senior secured asset-based revolving credit facility (the “ABL Facility”) and its future domestic subsidiaries that guarantee any debt of the Company or the guarantors. The Notes and guarantees will be secured by first-priority liens on the notes priority collateral (which generally includes most of the Company’s and the Company’s domestic subsidiaries’ assets other than the ABL priority collateral) and by second-priority liens on the ABL priority collateral (which generally includes most of the Company’s and the Company’s domestic subsidiaries’ inventory and accounts receivable and related assets), in each case subject to certain exceptions and permitted liens. The Company intends to use the net proceeds from the offering of the Notes for general corporate purposes. The proposed offering of the Notes is subject to market and other conditions, and may not occur as described or at all. The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non-U.S. investors in reliance on Regulation S under the Securities Act. The Notes will not be initially registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful. Certain statements in this press release are forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, our management may from time to time make oral forward-looking statements. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “may,” “will,” “could,” “should,” “seek” or “intend” and similar expressions. Forward-looking statements reflect our current expectations and assumptions regarding our business, the economy and other future events and conditions and are based on currently available financial, economic and competitive data and our current business plans. Actual results could vary materially depending on risks and uncertainties that may affect our operations, markets, services, prices and other factors as discussed in the Risk Factors section of our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission (the “SEC”). While we believe our assumptions are reasonable, we caution you against relying on any forward-looking statements as it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, a weakening of global economic and financial conditions, interruptions in the supply of or increased cost of raw materials, the loss of, or difficulties with the further realization of, cost savings in connection with our strategic initiatives, including transactions with our affiliate, Momentive Performance Materials Inc., the impact of our substantial indebtedness, our failure to comply with financial covenants under our credit facilities or other debt, pricing actions by our competitors that could affect our operating margins, changes in governmental regulations and related compliance and litigation costs and the other factors listed in the Risk Factors section of our most recent Annual Report on Form 10-K and in our other SEC filings, including our quarterly reports on Form 10-Q. For a more detailed discussion of these and other risk factors, see the Risk Factors section in our most recent Annual Report on Form 10-K and our other filings made with the SEC. All forward-looking statements are expressly qualified in their entirety by this cautionary notice. The forward-looking statements made by us speak only as of the date on which they are made. Factors or events that could cause our actual results to differ may emerge from time to time. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion 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. Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Hexion Inc. and its products is available at www.hexion.com.


News Article | May 10, 2017
Site: www.businesswire.com

WATERFORD, N.Y.--(BUSINESS WIRE)--MPM Holdings Inc. (“Momentive” or the “Company”) (OTCQX:MPMQ) today announced results for the first quarter ended March 31, 2017. “We are pleased to report strong first quarter 2017 EBITDA improvement reflecting our improved product mix, strategic growth investments and our diversified specialty portfolio,” said Jack Boss, Chief Executive Officer and President. “Our multi-year transformation initiatives drove year-over-year specialty volume gains of 9% in the first quarter 2017.” Mr. Boss added: “Our acquisition of the operating assets of Sea Lion Technology and our NXT* capacity expansion underway at Leverkusen, Germany reinforces our strategy to expand our NXT silane availability to serve our global automotive customers. In addition, we recently opened a new research and development center dedicated to developing next generation silane technology, which demonstrates our ongoing commitment to global new product development and follows recent investments throughout our R&D network. As we mentioned in the fourth quarter of 2016, we ceased siloxane production at our Leverkusen facility and have commenced sourcing related intermediates under long-term third-party contracts and from other Momentive global sites. We expect this initiative will provide approximately $10 million of run-rate savings. Going forward, we remain focused on investing in growth, transforming our manufacturing footprint and leveraging cost savings from our global restructuring programs.” Net Sales. Net sales for the three months ended March 31, 2017 were $544 million, an increase of 1% compared with $536 million in the prior-year period. The increase in net sales reflected improved product mix in specialty silicone products and higher quartz business sales partially offset by lower volumes of siloxane derivative products. Segment EBITDA. Segment EBITDA for the three months ended March 31, 2017 was $69 million, an increase of 68% compared with $41 million in the prior year period. The increase in Segment EBITDA was driven primarily by improved demand in automotive, consumer products and electronics markets, production efficiencies, and raw material deflation in the silicones segment. In addition, the quartz business segment improved by $6 million due to cost controls and substantially improved manufacturing efficiencies as the Company experienced certain production disruptions in the prior year period that did not reoccur. Following are net sales and Segment EBITDA by reportable segment for the first quarter ended March 31, 2017 and 2016. See “Non-U.S. GAAP Measures” and Schedule 4 to this release for further information regarding Segment EBITDA for a reconciliation of net (loss) income to Segment EBITDA. As previously announced, Momentive‘s global restructuring programs and siloxane production transformation are expected to generate approximately $45 million in annual savings. During the first quarter, Momentive identified approximately $3 million of incremental savings under this program, which increased its size to $48 million. Cumulatively through March 31, 2017, Momentive achieved $33 million of savings under this program. At March 31, 2017, Momentive had net debt, which is total debt less cash and cash equivalents, of approximately $1.0 billion. In addition, at March 31, 2017, Momentive had approximately $378 million in liquidity, including $163 million of unrestricted cash and cash equivalents, and $215 million of availability under its senior secured asset-based revolving loan facility. Momentive expects to have adequate liquidity to fund its operations for the foreseeable future from cash on its balance sheet, cash flows provided by operating activities and amounts available for borrowings under the ABL Facility. Momentive will host a teleconference to discuss first quarter ended March 31, 2017 results on Wednesday, May 10, 2017, at 10 a.m. Eastern Time. Interested parties are asked to dial-in approximately 10 minutes before the call begins at the following numbers: Live Internet access to the call and presentation materials will be available through the Investor Relations section of the Company’s website: www.momentive.com. A replay of the call will be available for three weeks beginning at 2 p.m. Eastern Time on May 10, 2017. The playback can be accessed by dialing (855) 859-2056 (U.S.) and +1 (404) 537-3406 (International). The passcode is 6051602. A replay also will be available through the Investor Relations Section of the Company’s website. Segment EBITDA is defined as EBITDA (earnings before interest, income taxes, depreciation and amortization) adjusted for certain non-cash and certain other income and expenses. Segment EBITDA is an important measure used by the Company's senior management and board of directors to evaluate operating results and allocate capital resources among segments. Segment EBITDA should not be considered a substitute for net (loss) income or other results reported in accordance with accounting principles generally accepted in the United States (“GAAP”). Segment EBITDA may not be comparable to similarly titled measures reported by other companies. See Schedule 4 to this release for a reconciliation of Segment EBITDA to net (loss) income. Adjusted EBITDA is defined as EBITDA adjusted for certain non-cash and certain non-recurring items and other adjustments calculated on a pro-forma basis, including the expected future cost savings from business optimization or other programs and the expected future impact of acquisitions, in each case as determined under the governing debt instrument. As the Company is highly leveraged, the Company believes that including the supplemental adjustments that are made to calculate Adjusted EBITDA provides additional information to investors about the Company’s ability to comply with its financial covenants and to obtain additional debt in the future. Adjusted EBITDA is not a defined term under GAAP. Adjusted EBITDA is not a measure of financial condition, liquidity or profitability, and should not be considered as an alternative to net (loss) income determined in accordance with GAAP or operating cash flows determined in accordance with GAAP. Additionally, Adjusted EBITDA is not intended to be a measure of free cash flow for management's discretionary use, as it does not take into account certain items such as interest and principal payments on the Company’s indebtedness, depreciation and amortization expense (because the Company uses capital assets, depreciation and amortization expense is a necessary element of the Company’s costs and ability to generate revenue), working capital needs, tax payments (because the payment of taxes is part of the Company’s operations, it is a necessary element of the Company’s costs and ability to operate), non-recurring expenses and capital expenditures. Fixed Charges under the indentures should not be considered as an alternative to interest expense. See Schedule 5 to this release for a reconciliation of net (loss) income to Adjusted EBITDA and the calculation of the Adjusted EBITDA to Fixed Charges ratio. Certain statements in this press release are forward-looking statements within the meaning of and made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements related to our transformation and restructuring activities, growth and productivity initiatives, anticipated cost savings, growth, and market recovery, the impact of work stoppage and other incidents on our operations and competitiveness. In addition, our management may from time to time make oral forward-looking statements. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements may be identified by the words “believe,” “expect,” “anticipate,” “project,” “plan,” “estimate,” “may,” “will,” “could,” “should,” “seek” or “intend” and similar expressions. Forward-looking statements reflect our current expectations and assumptions regarding our business, the economy and other future events and conditions and are based on currently available financial, economic and competitive data and our current business plans. Actual results could vary materially depending on risks and uncertainties that may affect our operations, markets, services, prices and other factors as discussed in the Risk Factors section of our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission (the “SEC”). While we believe our assumptions are reasonable, we caution you against relying on any forward-looking statements as it is very difficult to predict the impact of known factors, and it is impossible for us to anticipate all factors that could affect our actual results. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to: a weakening of global economic and financial conditions, interruptions in the supply of or increased cost of raw materials, the impact of work stoppage and other incidents on our operations, changes in governmental regulations or interpretations thereof and related compliance and litigation costs, adverse rulings in litigation, difficulties with the realization of cost savings in connection with our global restructuring, transformation and strategic initiatives, including transactions with our affiliate, Hexion Inc., pricing actions by our competitors that could affect our operating margins, our ability to obtain additional financing, and the other factors listed in the Risk Factors section of our SEC filings. All forward-looking statements are expressly qualified in their entirety by this cautionary notice. The forward-looking statements made by us speak only as of the date on which they are made. Factors or events that could cause our actual results to differ may emerge from time to time. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Momentive is a global leader in silicones and advanced materials, with a 75 plus year heritage of being first to market with performance applications that support and improve everyday life. Momentive delivers science-based solutions for major industries, by linking its custom technology platforms to allow the creation of unique solutions for customers. Additional information is available at www.momentive.com. *NXT is a trademark of Momentive Performance Materials Inc.


News Article | May 15, 2017
Site: marketersmedia.com

— Rising requirement for phenolic resins in tire industry, flourishing automotive industry in Asia Pacific region and advanced properties of phenolic resins are some of the drivers that are influencing the market growth. Furthermore, rising requirement for light weight fuel efficient vehicles and espousal of nanotechnology are some trends providing immense growth opportunity for the market. However, stringent environmental regulations will hamper the market during the forecast period. Automotive is the fastest and the largest growing segment in phenolic resins market owing to increasing number of automobile sales across the globe. Asia Pacific is anticipated to emerge as the fastest growing region due to increasing number of end user industries and growing knowledge on low cost benefits of the product with varied applications. Some of the key players in this market include Fenolit D.D. , Shandong Laiwu Runda New Material Co., Ltd., DIC Corporation, BASF SE, Hitachi Chemical Co., Ltd., Dujodwala Paper Chemicals Ltd., Kolon Industries, Inc., SI Group, Inc., Sumitomo Bakelite Co., Ltd., Hexion Inc., Sprea Misr, Saluc SA, Aica Kogyo Co., Ltd., Red Avenue Group Co., Ltd., Chang Chun Plastics Co., Ltd., Mitsui Chemicals, Inc., Georgia-Pacific Chemicals LLC, Shengquan Group, Mansoura for Resins & Chemical Industries Co. and Lerg SA. Regions Covered: • North America o US o Canada o Mexico • Europe o Germany o France o Italy o UK o Spain o Rest of Europe • Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific • Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments About Stratistics MRC We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects. For more information, please visit http://www.strategymrc.com/


News Article | February 17, 2017
Site: www.businesswire.com

COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) today announced that Steve Banick has been named Leader of the North America Commercial & Supply Chain organization within the Company’s Forest Products Resins Segment. Mr. Banick will oversee Hexion’s North American Wood Fiber, Oriented Strand Board, Plywood, Performance Adhesives, Laminated Melamine Derivatives (LMD) and Wax business segments, as well as the North America Supply Chain function. Mr. Banick has held multiple Research and Development and commercial leadership positions since joining the Company in 1995. He most recently served as North American Business Director – Plywood and LVL and spent three years as the Business Director for Hexion’s European Forest Products business. Mr. Banick holds a bachelor’s degree in Business Economics from the University of Oregon. He will continue to operate out of the Company’s Alexandria, Louisiana office. “Steve has been a key contributor to Hexion’s success for more than 20 years, and that experience has prepared him well to lead these key product lines,” said Craig O. Morrison, Chairman, President and CEO. “This reflects not only our confidence in Steve, but our commitment to the continued growth of our North America forest products business.” Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion 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. Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Hexion Inc. and its products is available at www.hexion.com.


News Article | March 2, 2017
Site: www.PR.com

Portland, OR, March 02, 2017 --( Summary of the Report Thermoset Molding Compounds Market can be accessed on the website at: https://www.alliedmarketresearch.com/thermoset-molding-compounds-market The thermoset molding compound market is in its growth stage due to need for weight reduction & safety in transportation and aerospace and increase in demand for thermally stable and corrosion resistant composites. It is emerged as a cost-effective substitute material for the heavy metal in different applications. Factors that drive the growth of the global thermoset molding compound market are need for safety in transportation & aerospace industry, economically viable option than heavy metals, rise in need for thermally stable & corrosion resistant components, and ease in production of complex shape parts. Economic development in the emerging economies of regions such as Asia-Pacific and LAMEA are expected to provide significant growth opportunities to the industry players. However, factors such as volatility in crude oil prices and stringent regulation associated with thermoset resin may hamper the market growth during the forecast period. In 2015, polyester resin was the leading segment, with almost one-third market share in terms of revenue, followed by phenolic, urea formaldehyde, and epoxy resin. Polyester resin molding compounds offer remarkable flexibility and it is used for diverse application needs from automotive body panel to a rugged underground utility box. It offers excellent resistance to broad range of chemicals at room temperature such as aliphatic hydrocarbons, gasoline, alcohols, glycols, and ethers. These resins are advantageous for the applications where high mechanical properties, corrosion resistance, and low weight are the foremost important factors. Further, its applications in airplanes, trucks, buses, as structural part in building, sanitary ware market, and cladding panels, roofing tiles, and pipes drives the growth of the market. Electrical & electronics end-user segment generated the highest revenue in 2015, with almost half of the total market share, followed by automotive segment. Thermosetting molding compounds are used to encapsulate different types of electronic packages such as capacitors, transistors, central processing units (CPUs), memory devices, and others. Along with this, molding compound are also employed in different electrical appliances & circuits owing to its distinct properties, such as rigidity, toughness, resistance to several environmental factors, low cost, stability, and flame resistance. Key Findings of the Thermoset Molding Compounds Market · In 2015, Asia-Pacific dominated the global market with around half of the share in overall market in terms of revenue. · Automotive is the fastest developing end-user industry growing at a highest CAGR of 6.9% in terms of revenue, from 2016 to 2022. · Polyester is the leading segment comprise of one-third share of the total market revenue in 2015. · In 2015, phenolic resin holds the largest market in terms of volume in the global market. · Melamine formaldehyde segment is expected to grow at a lucrative rate of 7.3% during the forecast period In 2015, Asia-Pacific is the leading region owing to the increase in disposable income, rapid growth in urbanization, and rise in need for weight reduction in automotive components. Further, LAMEA is projected to be the fastest growing region, with a CAGR of 6.8% followed by Europe with 6.4% owing to the rapid industrialization and increase in demand from electrical & electronics industries. The major companies profiled in the report include Ashland Global Holding Inc., BASF SE, Eastman Chemical Company, Evonik Industries AG, Hexion Inc., Huntsman Corporation, Kolon Industries Inc., Kyocera Chemical Corporation, Plastics Engineering Company (Plenco), Rogers Corporation. Read similar market research reports on Materials and Chemicals at: https://www.alliedmarketresearch.com/materials-&-chemicals-market-report Click here to view the list of recent Press Releases from Allied Market Research


News Article | March 2, 2017
Site: www.businesswire.com

COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) will host a teleconference to discuss Fourth Quarter and Fiscal Year 2016 results on Friday, March 3, 2017, at 10 a.m. Eastern Time. The Company will issue a press release announcing its financial results for the Fourth Quarter and Fiscal Year ended December 31, 2016 prior to the opening of the market on March 3, 2017. Interested parties are asked to dial-in approximately 10 minutes before the call begins at the following numbers: Live Internet access to the call and presentation materials will be available through the Investor Relations section of the Company’s website: www.hexion.com. A replay of the call will be available for one week beginning at 2:00 p.m. Eastern Time on March 3, 2017. The playback can be accessed by dialing (855) 859-2056 (U.S.) and +1 (404) 537-3406 (International). The passcode is 54326268. A replay also will be available through the Investor Relations Section of the Company’s website. Based in Columbus, Ohio, Hexion Inc. is a global leader in thermoset resins. Hexion 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. Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Hexion Inc. and its products is available at www.hexion.com.

Loading Hexion collaborators
Loading Hexion collaborators