Hexion2006SummaryAnnualReport

Hexion Specialty Chemicals is the global leader in thermoset resins with 2006 net sales of $5.2 billion. Key highlights from 2006 include revenue growth of 17% driven by acquisitions and organic growth, achieving $50 million of $125 million in targeted cost savings, and expanding operations through strategic acquisitions totaling $550 million in annual sales. Despite challenges from raw material volatility, Hexion increased operating income by 38% and remains focused on operational efficiencies to generate free cash flow and reduce debt.