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Hexion CEO returns from medical leave

September 16/2020

MOSCOW (MRC) -- Hexion said that Craig Rogerson, chairman and CEO, has returned to work from a medical leave of absence, effective immediately. CFO George Knight, who served as interim CEO in Rogersons absence, will resume his prior role, said Chemweek.

In late March, Hexion announced that Rogerson will take a medical leave of absence due to a condition consistent with COVID-19."

"Im pleased to return, and Id like to acknowledge George Knight and the senior management team for assuming additional duties during my absence," Rogerson says.

As MRC informed earlier, Hexion, a major American manufacturer of phenol and bisphenol A (BPA), plans to close its BPA plant in Pernis (Pernis, The Netherlands) in early October for scheduled maintenance. This 120 ktpa BPA production facility will be closed in the second week of October and is expected to resume production in three weeks.

Phenol is the main raw material for bisphenol A (BPA) production, which in turn is used to produce polycarbonate (PC).

According to MRC's ScanPlast, in Russia, following the results of the first two quarters, the total estimated consumption of PC granulate in the Russian Federation (excluding imports and exports to Belarus) amounted to 47.3 thousand tonnes against 40.7 thousand tonnes in 2019. Total demand increased by 16%.

Hexion Inc., formerly Momentive Specialty Chemicals Inc., is a chemical company based in Columbus, Ohio. It manufactures thermosetting resins and related technologies and specialty products. Hexion has two divisions: the epoxy, phenolic and coating resins division and the forest products division.
Author:Anna Larionova
Tags:bisphenol A, PK, PC granules, PC compounds, phenol, Hexion.
Category:General News
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