Hexion Inc's Suppliers recorded an increase in sales by 38.96 % year on year in Q2 2021, sequentially sales grew by 3.83 %, Hexion Inc recorded an increase in cost of sales by 50 % year on year, sequentially cost of sales grew by 9.17 % in Q2.
Hexion Inc's Suppliers recorded an increase in sales by 38.96 % year on year in Q2 2021, sequentially sales grew by 3.83 %, Hexion Inc recorded increase in cost of sales by 50 % year on year, sequentially cost of sales grew by 9.17 % in Q2.
The majority of raw materials that we use to manufacture our products are available
from more than one source, and are readily available in the open market. We have
long-term purchase agreements for certain raw materials that ensure the availability
of adequate supply. These agreements generally have periodic price adjustment
mechanisms and do not have minimum annual purchase requirements. Smaller quantity
materials that are single sourced generally have long-term supply contracts to
maximize supply reliability. Prices for our main feedstocks are generally driven
by underlying petrochemical benchmark prices and energy costs, which are subject
to price fluctuations. Although we seek to offset increases in raw material prices
with increases in our product prices, we may not always be able to do so, and
there are periods when price increases lag behind raw material price increases.
Hexion Inc's Comment on Supply Chain
The majority of raw materials that we use to manufacture our products are available
from more than one source, and are readily available in the open market. We have
long-term purchase agreements for certain raw materials that ensure the availability
of adequate supply. These agreements generally have periodic price adjustment
mechanisms and do not have minimum annual purchase requirements. Smaller quantity
materials that are single sourced generally have long-term supply contracts to
maximize supply reliability. Prices for our main feedstocks are generally driven
by underlying petrochemical benchmark prices and energy costs, which are subject
to price fluctuations. Although we seek to offset increases in raw material prices
with increases in our product prices, we may not always be able to do so, and
there are periods when price increases lag behind raw material price increases.
HXN's Suppliers Net Income grew by
HXN's Suppliers Net margin grew in Q2 to
476.13 %
11.35 %
HXN's Suppliers Net Income grew by 476.13 %
HXN's Suppliers Net margin grew in Q2 to 11.35 %
Hexion Inc's Suppliers Sales Growth
in Q2 2021 by Industry
Sources:
Hexion Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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