Hexion said that additional jobs may be created at Esslingen to accommodate anticipated growth in the business. The materials produced at the new plant will include bonding pastes and infusion resins used in the fabrication of wind turbine blades that power windmills in wind energy farms. Hexion said that its speciality epoxy resins provide the mechanical strength, durability, stress resistance and performance required of modern blades, which can be up to 60m in length.
Meanwhile, the company has reported an operating loss of USD 893m for 2008, compared with a profit of USD 302m in 2007. The loss reflected a charge of USD 1.03 bn in the fourth quarter of 2008 relating to Hexion’s failure to acquire Huntsman (Salt Lake City, Utah / USA; www.huntsman.com) – see Plasteurope.com of 11.03.2009. Hexion’s sales increased by 5% year-on-year to USD 6.1 bn in 2008, thanks to positive pricing, the impact of acquisitions – which added USD 158m in incremental revenues – and favourable foreign currency translation.
Wind turbine blades can be up to 60m in length (Photo: LM Glasfiber)