IHS Chemical Week

World News and Views :: Top of the News

Hexion’s Loss Widens; Job Cuts Planned

2:15 PM MST | March 3, 2009 | Nancy Seewald

Hexion Specialty Chemicals reported a fourth-quarter net loss of $921 million, compared to a net loss of $63 million in the year-ago period. The 2008 quarter included an $800-million charge related to the termination of its merger agreement with Huntsman, as well as unabsorbed fixed costs related to plant shutdowns totaling $23 million. Sales fell 20%, to $1.18 billion, on “dramatically lower” volumes. Its epoxy and phenolic resins, and coatings and inks segments each posted an operating loss in the quarter. Ebitda rose in performance products, and...

This information is only available to Chemical Week subscribers.


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

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

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




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa