From the Newsroom*
São Paulo – The group Hexion Chemical Industry and Trade of Brazil, controlled by Borden Chemical, of the United States, is going to invest US$ 21 million to build a factory of applied resins for wooden plate factories, in the city of Glorinha, in the southernmost Brazilian state of Rio Grande do Sul.
Construction works should start in about one month and production will be of 120,000 tonnes per year. The factory should benefit the furniture sector in Rio Grande do Sul, which uses the resin as an input. The forecast is that part of the project starts operations between August and September 2007.
Hexion has factories in Brazil operating in the cities of Cotia and Paulínia, in the state of São Paulo, Southeast Brazil, and Curitiba, in Paraná, in the South. World revenues of Borden Chemical, in 30 countries, is of US$ 5 billion per year. The information is from the website of the government of the state of Rio Grande do Sul.
*Translated by Silvia Lindsey
