Hexion Inc., formerly Momentive Specialty Chemicals Inc., is a chemical company based in Columbus, Ohio. It is one of the key monomers in the production of epoxy resins and polycarbonate (PC).Īccording to MRC's ScanPlast, the estimated consumption of PC granulate in Russia (excluding imports and exports to Belarus) amounted to 89.3 thousand tons at the end of 2020, which is 14% higher than the volume in 2019 (78,500 tonnes). According to a letter from the company to customers on February 11, the company announced force majeure for the supply of BPA from a plant in Pernis with a capacity of 120 thousand tons per year due to unexpected equipment shutdowns due to cold weather.īisphenol A is used as a hardener in the manufacture of plastics and plastic-based products. Deal terms were not disclosed.Īs per MRC, Hexion, a major US manufacturer of phenol and bisphenol A (BPA), has resumed bisphenol A (BPA) production in Pernis, The Netherlands. Located in Jiangsu Province, wholly operated by Hexion since 2015, the sale is separate to that of the company’s global phenolic resins business, which has been acquired by Black Diamond and Investindustrial. The US-headquartered resins and coatings producer has sold the unit to local firm Red Avenue New Materials, according to BDA Partners, which advised on the deal. The facility was constructed in line with Hexion’s global standards, enjoys convenient access to suppliers and customers, and is well regarded in the region for its unmatched product quality and high EHS standards. The China phenolic resins plant was built in Zhenjiang, Jiangsu Province, as a greenfield project, which was started in 2012 and completed in 2016. The PSR business is an established technology leader with a long track record for quality and reliability. Hexion’s China phenolic resins plant was part of Hexion’s global Phenolic Resins (PSR) division, which has separately been acquired by Black Diamond and Investindustrial. (Red Avenue), a publicly listed Chinese company providing diversified new materials for electronics, environmental protection, tire, and auto markets, said Chemengonline. If the bank account stated on the invoice is not registered with HSBC (e.g.MOSCOW ( MRC) - BDA Partners is pleased to announce that its client, Hexion Inc., has sold its China phenolic resins plant to Red Avenue New Materials Group Co. Payment Details - Mandatory - The bank account supplied on the invoice will be validated against the supplier bank account registered with HSBC.Tax – Select the relevant Tax Code for the invoice line item.Unit Price – The unit price of the item being invoiced, this must not exceed the unit price stated on the PO (if applicable).Quantity – The quantity being invoiced, this must not exceed the quantity available on the PO (if applicable).Unit – The unit of measure, this must match the unit of measure stated on the corresponding PO line item (if applicable).This must be the same as on the corresponding PO line (if applicable) Line Type - Mandatory - Only allowed values "Goods" or "Services" (not case sensitive) –this field must be added to every invoice line to ensure HSBC Group can process the invoice correctly.Description - Mandatory - Character limitation: 220 characters.Item ID - Not mandatory - character limit 240 characters. Note field (Credit Note) – limited to 90 characters.Note field (Invoice) – limited to 140 characters.A Person reference or Named contact is required.HSBC Group PO number (5 letter and 7 digit code) is mandatory if invoice is related to PO spend - If invoice is for non PO invoice please delete the PO field.Accepted attachment types - Jpeg, Tiff, BMP, PNG, img, pdf, Excel.Attachment – maximum 4 attachments of 3Mb each are allowed.Also no special characters or blank spaces to be used and limited to 50 characters Invoice number – must be unique, if an invoice is rejected by HSBC Group, when resubmitted, a new invoice number will be required.Invoice date – no more than 10 calendar days in advance Sender Tax number – your Tax Number – Mandatory.Sender Company Name, Address – your details. HSBC Group can then process the invoice quickly and efficiently without any unnecessary exceptions or delay. Validation rules ensure that the vendor provides information in all the required fields.
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