Hexion Releases Full-Year and Fourth-Quarter Results
COLUMBUS, OH - Hexion Inc. announced results for the fourth quarter and year ended December 31, 2015.
“Our fourth-quarter 2015 results reflected improvement in our specialty epoxy and Versatic™ acids and derivatives businesses as well as productivity gains, offset by the negative impact of foreign currency, softer demand in Latin America and continued headwinds impacting our oil and gas related products,” said Craig O. Morrison, Chairman, President and CEO. “The structural cost savings program we began implementing earlier this year remains on track, and we have identified approximately $35 million in additional productivity savings to strengthen our position for profitable growth in response to the recent economic volatility.”