- In August 2021, SI Group, a leading performance additives company, has announced plans to expand resole production capacity by over 25% at its Rotterdam Junction, New York, and Lote, India facilities. This expansion aims to establish these sites as global hubs for resole production and technology. The increased capacity is expected to enhance supply chain efficiency, meet growing industry demand, and strengthen SI Group’s market position. This development will drive innovation, scalability, and competitive advantage in the phenolic resins market, catering to industries requiring high-performance resole-based solutions
- In September 2020, Hexion Inc. ("Hexion" or the "Company") has entered into a definitive agreement to sell its Phenolic Specialty Resin, Hexamine, and European-based Forest Products Resins businesses to Black Diamond and Investindustrial for approximately USD 425 million. This strategic divestment is expected to reshape the competitive landscape, allowing Hexion to streamline its portfolio and focus on core business segments. The acquisition by Black Diamond and Investindustrial is likely to enhance market dynamics, driving investment, operational efficiencies, and innovation in phenolic resins and related industries
