Hexion Inc. (“Hexion” or the “Company”) had announced that it has successfully restarted production of VeoVa vinyl ester products at its manufacturing facility at Moerdijk, Netherlands, which produces a variety of VersaticTM Acid Derivatives. As a result, Hexion has lifted its Force Majeure notice for VeoVa vinyl ester products declared in October 2014 due to a supplier outage.
“We are pleased to resume normal production and our highest priority remains reliable operations in support of our customer requirements,” said Egbert Klaassen, Global Marketing Director, Versatic Acids and Derivatives. “During the Force Majeure, we worked hard to minimize any customer impact by leveraging other global production sites, such as a joint venture facility in Shanxi, China and a smaller VeoVa vinyl ester production unit in Moerdijk. We were able to efficiently optimize our global manufacturing network due to our 50 years of Versatic Acids and Derivatives production experience. The additional manufacturing capabilities that were put in place during the Force Majeure will improve our operational flexibility going forward and we are now focused on fully restocking our global supply chain.”
About the Company
Based in Columbus, Ohio, Hexion Inc. (formerly known as Momentive Specialty Chemicals 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.