Acquisition reinforces Hexion’s commitment to leveraging cutting-edge AI technology foster a more efficient, more profitable and more environmentally friendly manufacturing sector
COLUMBUS, Ohio, December 3, 2024 /PRNewswire/ — Hexion inc.a global leader in performance adhesives and materials solutions, today announced the acquisition of Smarttecha cutting-edge technology company at the forefront of AI-powered autonomous manufacturing solutions. This strategic acquisition, Hexion’s first in a decade, marks a bold step in the company’s strategy to revolutionize the manufacturing ecosystem, leveraging cutting-edge AI and machine learning technology to generate unprecedented gains in production efficiency, cost, sustainability and product quality. the wood processing industry and beyond.
“This is a defining moment for Hexion as we integrate Smartech’s world-class artificial intelligence and automated manufacturing capabilities with our unrivaled expertise in resins and wood processing,” said Michael LefenfeldPresident and CEO of Hexion. “As global manufacturing industries continue to face rising raw material costs, supply chain pressures and environmental changes, Hexion’s investment in AI-driven innovation positions us at the forefront of smart manufacturing. With this technology, Hexion and Smartech will help their customers optimize their production. , reduce waste and offer superior quality, while promoting sustainable growth.
“Our partnership with Hexion will further amplify the reach and impact of Smartech’s AI technologies across the world, bringing immediate value to manufacturers who must balance the challenges of cost control, factory modernization and accountability environmental,” added Hanoch MagidCEO of Smartech. “With a shared commitment to sustainable innovation, Hexion and Smartech are poised to lead the way in delivering AI-driven solutions that redefine industry standards and foster a more resilient, eco-friendly manufacturing sector. the environment.
Smartech’s award-winning AI and autonomous manufacturing technologies combine artificial intelligence, advanced control systems and process optimization algorithms to drive critical process improvements for customers. Technical systems, including SmartWAX, SmartPFAnd SmartMDIintegrate seamlessly with Hexion’s product portfolio, reinforcing the company’s leadership in the adhesives, construction and building materials industries.
One of Smartech’s flagship innovations, the patented SmartMDI system, illustrates the potential of this new alliance. Using dynamic chemical control to enable more precise resin application in engineered wood production, SmartMDI improves surface coverage and reactivity, reduces raw material cost and decreases VOC emissions. The ability to generate significant cost savings – over 15% per plant – SmartMDI demonstrates its ability to deliver environmental and economic value in manufacturing.
This acquisition is also part of Hexion’s 5-year transformation journey under the leadership of American titleswhich took ownership in 2022. The move amplifies Hexion’s long-term vision to drive near-term value gains while simultaneously positioning the 150-year-old company for its next century of market leadership through to a renewed emphasis on innovation, operational excellence and partnerships. who transform bold ideas into concrete solutions.
Financial terms of the Smartech acquisition were not disclosed. Smartech will continue to operate as an independent business entity serving its customers as it currently does.
About Hexion
Hexion is one of the world’s leading producers of performance adhesives and materials solutions. The company provides specialized products and solutions to customers in various industries, including construction, agriculture, energy, automotive and infrastructure protection. With over a century of expertise, Hexion is committed to promoting sustainable solutions that preserve natural resources and address the challenges of climate change. Learn more about www.hexion.com.
About Smartech
Founded in 2005 and serving clients across the North and South America, Europe and APAC, Smartech is a technology leader specializing in AI-driven manufacturing solutions that optimize production efficiency, sustainability and quality. Its innovative tools are trusted by leading customers around the world, transforming traditional manufacturing processes and setting new standards in digital automation. Learn more about https://www.smartech.com.
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