Hexion Specialty Chemicals is a producer of binder, adhesive, coating and ink resins for industrial applications as well as one of the largest producer of thermosetting resins. Hexion is structured into two primary segments: Adhesive and Structural, and Coating. 
Hexion continues the process of integrating the operations of Borden Chemical, Resolution Performance, Resolution Specialty and Bakelite. To ensure the integration of the four businesses it states that it will need to continue to focus on realising anticipated synergies and cost savings on a timely basis while maintaining the efficiency of its operations.
Hexion will focus on developing new products that will make it more competitive. It will remain aware of competition from other chemical companies as well as competition from producers of materials that are substitutes for formaldehyde-based resins.
With headquarters in Columbus, Ohio, US, Hexion employs around 6,800 people and had sales of $6bn in 2008.
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Key Personnel
Chairman, president, CEO and director: Craig Morrison
Executive VP, CFO and director: William Carter
Vice chairman and director: Marvin Schlanger
Director: Joshua Harris
Director: Scott Kleinman
Director: Robert Seminara
Director: Jordan Zaken
Chairman, president and CEO: Craig Morrison
Executive VP, CFO and director: William Carter
Director and vice chairman: Marvin Schlanger
Executive VP and president (phenolic and forest products resins): Joseph Bevilaqua
Executive VP and president (epoxy and coating resins): Cornelis Kees Verhaar
Executive VP and president (performance products and inks): Sarah Coffin
Executive VP (human resources): Richard Lamond
Executive VP (environmental health and safety): Richard Monty
Senior VP (finance and treasurer): George Knight
(Updated July 2008)
Contacts
180 East Broad Street
Columbus
Ohio 43215
US
www.hexionchem.com
Hexion
Company Structure
Hexion Specialty Chemicals is a producer of binder, adhesive, coating and ink resins for industrial applications. The company was formed through the combination of privately owned Borden Chemical, Bakelite, Resolution Performance Products and Resolution Speciality Materials in 2005.
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Hexion
Strategy & Financial Highlights
Hexion will focus on developing new products that will make it more competitive; remaining aware of competition from other chemical companies; competition from producers of materials that are substitutes for formaldehyde-based resins that could lead to declines in its net sales; concentrate on acquisitions and joint ventures that it has pursued and may present unforeseen integration obstacles and costs, increase its leverage and negatively impact its performance; and further concentrate on its growth strategy. (Edited from: 10-K annual report) ICIS also provides you with key financial data listed in table form.
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