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 joint 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.
Momentive 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.
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Chairman, CEO and president: Craig Morrison
Executive VP and CFO: William Carter
President (Silicones and Quartz): Steven Delarge
180 East Broad Street
Momentive is a producer of binder, adhesive, coating and ink resins for industrial applications.
More about Momentive (formally known as Hexion) Structure
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
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