18 September 2012

Momentive Specialty Chemicals to build new coating resins plant in Chonburi, Thailand

Columbus, Ohio – 18 September 2012 – Momentive Specialty Chemicals Inc. today announced plans to build a new plant in Chonburi, Thailand, which will increase its capacity to produce acrylic-based resins and service customers in Southeast Asia. 

The new plant significantly expands Momentive’s production of acrylic-based resins in the region by tripling its capacity. The site, which is located on land purchased by Momentive in the Pinthong Industrial Estate Park, will produce a broad range of acrylic resins designed for use primarily in coatings, adhesives, and building and construction applications. In addition to production facilities, the new site will include product development and applications laboratories as well as technical service and application support capabilities for customers. 

“This new plant reinforces our commitment to our valued customers in the region and is the next step in our global growth strategy,” said Julia Harp, Senior Vice President. “Upon completion, we will be positioned to significantly enhance our offerings of acrylic resins.” 

Construction of the plant is underway and completion and commissioning is expected to occur in the first half of 2013. When fully operational the plant is expected to employ 30 people

Momentive’s existing, smaller plant in Samutsakorn, Thailand, which is a leased property, will be closed upon completion of the new facility. The company will continue to maintain its sales and administrative offices in Bangkok. 

Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.) is the global leader in thermoset resins. Momentive Specialty Chemicals 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. Momentive Specialty Chemicals Inc. is an indirect wholly owned subsidiary of Momentive Performance Materials Holdings LLC. 

Source: Momentive Specialty Chemicals Inc.