Hexion has reported net sales from continuing operations of US$852 million, an increase of 59% compared with US$535 million in Q2 2020.
The company recently completed the sale of its phenolic specialty resin, hexamine and European-based forest products resins businesses.
‘Our strong second quarter 2021 results position us well to aggressively pursue our strategic actions that are focused on creating shareholder value,’ said Craig Rogerson, chairman and CEO. ‘Within our adhesives segment, we continued to capitalize on the strength in residential home building, while within our coatings and composites segment we saw the positive impact of steady pricing actions in our specialty and base epoxy businesses.’
‘Looking ahead, we expect strong growth in earnings in the third quarter of 2021 versus the prior year as we are seeing broad-based strength throughout the portfolio, and while there is uncertainty in the fourth quarter due to potential customer manufacturing turnarounds and seasonality, we expect a strong fourth quarter of 2021 compared to the prior year.’
This story uses material from Hexion, with editorial changes made by Materials Today.