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03-16-2012

Momentive: Closure of Site in Germany

Momentive Specialty Chemicals, Inc., Columbus/OH, USA, announced the closure of its Wesseling, Germany, site. This action will better align European market demand for solid epoxy resins (SER) with Momentive’s existing assets. Manufacturing at Wesseling is scheduled to close in October, 2012.

The site is operated by LyondellBasell through a leasing arrangement. Affected associates of LyondellBasell have been notified and the Company is working closely with LyondellBasell to provide appropriate severance and other support. The site closure impacts approximately 30 associates. Operations at Momentive’s other European epoxy manufacturing facilities are not impacted by closure of the Wesseling site.

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