Momentive acquires stake in Australia jv

摘要

Momentive Specialty Chemicals (MSC) has acquired Dynea Chemical’s 50% stake in a formaldehyde and urea formaldehyde resins joint venture with Laminex Group. The jv, now called Momentive Specialty Chemicals Australia, provides those products to Laminex, which owns the other half of the jv. The jv had about $30 million in sales in 2011 and employs 30 people.