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Momentive Specialty Chemicals, Inc., the world’s leading global supplier of Versatic acid and derivatives for the coatings and adhesives industries, announced today that it has started production at its VeoVa vinyl ester monomer plant in Shanxi province, China.
This plant, a production joint venture with Shanxi Sanwei Group Co., Ltd., provides a second manufacturing location for VeoVa monomer, increasing current monomer capacity by about 30%, and easing supply constraints for growing global demand. Commercial quantities of VeoVa monomer will become available for shipment in the third quarter. A ribbon cutting ceremony for the new plant is scheduled in June.
VeoVa monomer is a vinyl ester of Versatic acid which is easily copolymerisable with vinyl acetate, ethylene, and acrylates to provide a variety of functional benefits to water-based decorative paints, wood stains and coatings, adhesives and redispersible powders for construction applications.
“The new plant is a major investment in the future of water-based coatings and the unique properties of VeoVa monomer,” says Jorrit Klaus, Vice President, Versatics, Momentive Specialty Chemicals. “Because of its unique, bulky alphatic structure, VeoVa monomer provides polymers with superior water, chemical and UV resistance in addition to improving adhesion on a variety of substrates. By improving the performance of water-based coatings in demanding applications, VeoVa monomer enables manufacturers to switch from solventborne systems to more environmentally suitable, low VOC formulations.”
About Momentive: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., the owner of its sister company, Momentive Performance Materials Inc., a global leader in silicones and advanced materials. About Momentive Momentive Performance Materials Holdings LLC is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (collectively, “Momentive”). Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. The company uses its technology portfolio to deliver tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities and Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC.