Former Hexion Returns to Profit; Loss Widens at Performance Materials Segment

Momentive Specialty Chemicals, formerly known as Hexion Specialty Chemicals, reported fourth-quarter net income of $53 million, compared with a net loss of $6 million in the same period of 2009. Operating income was $159 million, up substantially from $36 million in the year-ago quarter, due to higher sales and an improved cost structure. Sales rose 20%, to $1.2 billion, on volume gains and higher selling prices. Sales and segment Ebitda rose in all three businesses—epoxy and phenol resins; formaldehyde and forest product resins; and coatings. Last month...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers