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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/


COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) is launching a new EcoBindTM One formaldehyde scavenger product to help particleboard and medium density fiberboard (MDF) producers save on additive costs while meeting CARB Phase 2, EPA TSCA VI and other stringent global emission standards. The EcoBind One scavenger is utilized with standard urea formaldehyde resins to tie up free formaldehyde and eliminate the majority of emissions during panel production and in finished products. This eliminates the use of urea water, which is a significant cost for particleboard and MDF operations. By eliminating the use of urea additives, the Ecobind One scavenger also enhances a panel’s environmental profile. “Hexion has long been a leader in providing innovative and cost-effective solutions to the panelboard industry,” says Mark Alness, Senior Vice President, Americas Forest Products. “The EcoBind One scavenger is another option in our line of EcoBind ultra-low emitting products which customers can choose from, based on the specific performance characteristics they need in their panels and their cost parameters.” The EcoBind One scavenger was specifically designed for the high heat environments typical of MDF and continuous press particleboard production. It can be used with existing equipment and requires no process changes for manufacturers. Hexion’s technical support team will adapt and optimize resin packages utilizing EcoBind One scavengers to specific plant conditions and customer requirements. In addition to the new EcoBind One formaldehyde scavenger resin, the range of EcoBind low-emitting resin technologies for meeting global emission standards such as CARB Phase 2, European EMB and Japanese standards includes: For more information, consult with Hexion - Hall 26, Stand F77 - during LIGNA 2017 in Hanover, Germany, May 22-26, or visit http://hexion.com/AM/wood-composite-binders/brand/ecobind-resin-technology/. 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.


COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) will be exhibiting its new resin technologies and services for manufacturing engineered wood and panels at LIGNA 2017, the world's leading trade show for the woodworking and timber processing industries. Hexion’s industry-leading products include ultra-low emitting EcoBind™ resins to meet or exceed the most stringent global emission standards for plywood and panels, highly heat-resistant resins and adhesives for structural wood, as well as a variety of products to improve panel performance and manufacturing productivity. Hexion will highlight its wide range of solutions and expertise in Hall 26, Booth F77, where 35 associates will be on hand to discuss specific customer challenges. “Hexion is recognized as the global leader in wood resins and adhesives because of our product offering, commitment to customer partnership, and our global footprint,” said Mark Alness, Senior Vice President, Americas Forest Products. “We help customers around the globe meet high performance and lower emissions standards to enable sustainable building, and we’re excited to be announcing several strategic growth initiatives at the LIGNA show.” At LIGNA, Hexion will be announcing new forest products resin capacity for the China market as well as ongoing initiatives to meet demand for wood composite board solutions in Latin America. The Company has recently opened three new formaldehyde manufacturing facilities. During 2016, the company also ramped up wax emulsion production at Curitiba to 25,000 MTs/year to provide customers with enhanced board properties. The Curitiba facility complements five other sites in the Latin American region. In addition, Hexion will be showcasing the following product technologies at LIGNA: For more information, consult with Hexion - Hall 26, Booth F77 - during LIGNA 2017 in Hanover, Germany, May 22-26, or visit hexion.com/industry/engineered_wood. 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.


COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) announced an expansion of its technology center at its forest products complex in Edmonton, Alberta. The expanded research and development facility will focus on developing next generation resin chemistry for panel production that will complement the Company’s existing EcoBind™ lower emitting resin technology and build on the inherent flame, smoke and toxicity (FST) properties of our current resin systems. The expanded lab is focused on emerging phenolic resin technology that substitutes phenol with bio-based raw materials, such as lignin. An abundant, natural polymer, lignin is an organic material that has significant potential as an adhesive substitute in wood panel production. “Hexion is committed to innovation that improves the sustainability of engineered panel products,” says Mark Alness, Senior Vice President, Americas Forest Products. “The substitution of lignin and other bio-based raw materials for phenol will result in greater use of these renewable raw materials in the coming decade. This investment is in line with Hexion’s ongoing commitment to develop low emitting EcoBind technology products.” The technology center expansion is set to be complete by the third quarter of 2017. In addition to state-of-the-art analytical equipment, Hexion has also invested in new panelboard press technology at the Edmonton lab to test the bio-based resins in an actual production environment due to the difficulty in working with natural feedstocks. The “pilot plant” is meant to mimic commercial production in a typical Alberta facility and demonstrate that the new resins and press, working in concert, can deliver the same or better panel properties as traditional materials. The new lab also leverages an investment in lignin production announced by Alberta Innovates (AI), a program designed to help diversify the Alberta economy by accelerating growth of the bio-industrial sector. In addition to the investments in Edmonton, Hexion remains committed to providing independent emissions testing as well as consulting on wood product development at its Advanced Testing Services (ATS) laboratory in Springfield, Oregon. 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 22, 2017
Site: www.businesswire.com

COLUMBUS, Ohio--(BUSINESS WIRE)--Hexion Inc. (“Hexion” or the “Company”) will dedicate capacity from its phenolic resins plant in Zhenjiang, China, to meet growing regional demand for forest product resins and binders used to manufacture plywood and other composite wood products. The plant produces phenol formaldehyde (PF) resins and additives for a broad range of applications. For the forest products industry, Hexion’s PF resin systems enhance structural performance and moisture resistance in wood composite materials such as exterior plywood and oriented strandboard. PF resins are also ultra-low emitting, helping manufacturers meet or exceed the most stringent global standards for emissions. Hexion is at the forefront of environmentally suitable resin technology with its ECOBINDTM resin systems. “We are committed to serving the growing composite wood products industry in China,” said Wei Guo, Managing Director, China Affairs, Hexion. “As the global leader in resins and adhesives for composite wood products, this is an excellent opportunity for us to bring our technical know-how and service expertise to customers in this attractive market.” The Zhenjiang plant, which Hexion acquired from its joint venture partner in August 2015, is part of Hexion’s global network of 55 manufacturing facilities dedicated to providing resins systems and additives to industrial and wood markets. Within the forest products industry, the company is a recognized leader in developing resins and additives technology for structural and non-structural composite wood products. 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 15, 2017
Site: www.prnewswire.com

•         Proppant is a solid material that is used to keep fractures propped open, during or after a hydraulic fracturing treatment. •         It is majorly used in hydraulic fracturing of shale gas, tight gas, and cold bed methane. •         Increasing proppant consumption per well and improvements in fracturing technologies are the major factors expected to drive the proppant market. •         The frac sand proppant segment is estimated to be the largest segment of the market during the forecast period. •         The segment accounted for more than 60% of the total proppants produced, globally. It is a naturally occurring proppant made from high-purity sandstone The proppant market is expected to grow at a CAGR of 6.9% during forecast period The proppant market is projected to reach USD 9.87 billion by 2022, at a CAGR of 6.9% between 2017 and 2022. Proppant is a solid material that is used to keep fractures propped open, during or after a hydraulic fracturing treatment. It is majorly used in hydraulic fracturing of shale gas, tight gas, and cold bed methane. Increasing proppant consumption per well and improvements in fracturing technologies are the major factors expected to drive the proppant market. However, the high cost of ceramic proppant and oversupply of crude oil are considered can restrain the growth of the market. Frac sand is estimated to be the largest type segment of the proppant market The frac sand proppant segment is estimated to be the largest segment of the market during the forecast period. The segment accounted for more than 60% of the total proppants produced, globally. It is a naturally occurring proppant made from high-purity sandstone. It is mostly applicable under closure pressure of 6,000 psi. The consumption of frac sand proppant is witnessed significant growth in recent years, due to its easy availability and low cost. Asia-Pacific estimated to be the fastest-growing market for proppant Asia-Pacific is estimated to be the fastest-growing market for proppant, due to the rising demand from hydraulic fracturing application for exploration of unconventional natural oil and gas in the region. India is projected to be the fastest-growing market for proppant in Asia-Pacific, followed by China and Australia. China is the largest market for proppants in the region, owing to the high demand of natural oil and gas in the country. Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research. Companies profiled in this market research report include Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.), Superior Silica Sands LLC, and Minerao Curimbaba Ltda. (Brazil). This research report categorizes the proppant market based on type and region. The report includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the proppant market. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, acquisitions, new product developments, and agreements associated with the market. Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/proppant-market-expected-to-reach-987-billion-usd-by-2022-300457918.html


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.

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