Momentive (formally known as Hexion Specialty Chemicals) is a producer of binder, adhesive, coating and ink resins for industrial applications. It claims be the world's largest specialty chemicals and materials producer, with pro-forma sales of around $7.5bn (2009) across various end-markets and geographies. It is headquartered in Columbus, Ohio, US, its silicones and quartz business is headquartered in Albany, New York and employs around 10,000 people.
Download the The ICIS Top 100 Chemical Companies listing here
The company was formed through the combination of privately owned Borden Chemical, Bakelite, Resolution Performance Products and Resolution Speciality Materials in 2005.
Hexion Specialty Chemicals and Momentive Performance Materials combine businesses and operate under the Momentive name.
On 1 October 2010, Hexion Specialty Chemicals and Momentive Performance Materials completed the combination of their businesses. The new company will operate under the Momentive name. The private equity firm Apollo Global Management owns Momentive. For more on this please see US Hexion, Momentive complete deal to combine operations on ICIS news.
On 15 December 2008, Huntsman settled for $1bn (€750m) to end its merger deal with Hexion.
The deal was first announced in July 2007. For more on this please see ICIS news.
Momentive operates three global business divisions: Silicones and Quartz; Epoxy, Phenolic and Coating Resins; and Forest Products.
Back to company overview page
Momentive (formally known as 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. ICIS also provides you with key financial data listed in table form.
More about Momentive (formally known as Hexion) Strategy & Financial Highlights
Get news on Momentive (formally known as Hexion) plus the latest chemical news, information, data, market movements and analysis
in one place with ICIS news
Find details on other chemical companies and suppliers with
ICIS offers a range of FREE e-newsletters to ensure that you don't miss out on the latest development and key market intelligence in your industry. If you want the latest news sent to your inbox, sign up for ICIS e-newsletters today.
Find out more about current and planned chemical plants and projects by subscribing to our comprehensive database
INSIGHT: New federal tax is shrinking medical equipment market
“This could mean a diminishing domestic market for chemicals and resins manufacturers who serve the industry.”
VIDEO: ICIS Asia Lunchtime Bulletin 6 December 2013