Hexion

Hexion Overview

Company Headquarters: Ohio, US

Founded: 2005

Workforce: 5,200

Company Working: Hexion is engaged in the manufacturing of advanced specialty chemicals and performance materials. It is a leading manufacturer of adhesives and epoxy resins and coatings. It operates through business segments, namely epoxy, phenolic and coating resins, and forest products resins. The epoxy, phenolic and coating resins segment accounted for around USD 2,052 million by the end of 2017. The company serves diverse markets, such as architectural and industrial paints, packaging, consumer goods, automotive coatings, aviation, energy, oil & gas, and electrical composites. Hexion has a worldwide network with production facilities in more than 90 countries severing to over 3,000 customers. Its global customers include Akzo Nobel N.V., 3M, BASF, Bayer, Dow, Monsanto, PPG Industries, Owens Corning, Valspar, and Weyerhaeuser.

Strategy

Hexion is focusing on accelerating its growth particularly in oil and gas and automotive markets by investing in R&D technologies, test, and analyzing systems. It has an extensive distribution network across the US, which offers it a better hold than the other international companies.

Company Snapshot

$4,140M

Revenue

5,200

Employees

2005

Founded

Ohio, US

Headquarters

SWOT Analysis

Strengths

Long-term relationships with end-use industries
Established presence in the US

Weaknesses

No recent developments related to the market

Opportunities

Expansion and collaborations
Product Launches

Threats

Stiff competition

Product Offering

Hexion
- High-functional EPIKOTE and EPON Epoxy Novolac Resins
- NextGen Epoxy Waterborne System
- Liquid resin
- Production Chemicals for Oil & Gas

Financial Performance

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