Momentive Performance Materials Expands Manufacturing Operations in India
ALBANY, N.Y., February 29, 2012 – Momentive Performance Materials Inc., a leading global provider of silicones and advanced materials, today announced the expansion of its manufacturing facility and application development center in Chennai, India. Spanning more than 15 acres, the state-of-the-art facility, which opened in 2009, focuses on manufacturing high-end specialty silicones to serve the growing needs of customers in India, the Middle East and South Asia.
“This investment represents a major step forward in our ability to grow the silicones business in India,” said Craig O. Morrison, Chief Executive Officer, Momentive. “India is one of the world’s fastest growing regions for automotive, construction, telecom and energy. Chennai, in particular, is developing into a significant center for multiple industries.”
“Over the years we have stayed on course in realizing our vision of building Momentive into a best-in-class specialty chemicals and materials company in the region by combining global technology, application development, manufacturing and service capabilities with outstanding products and services,” said V.P. Nalian, Managing Director, Momentive Performance Materials India. “This expansion will bring some of the most sophisticated technology and manufacturing processes that Momentive has developed worldwide to the Chennai facility and considerably enhance our ability to serve customers across the region.”
“We look forward to delivering innovation and finding new opportunities to expand our technology platforms into this region,” said Dr. Eric Thaler, Chief Technology Officer, Momentive Performance Materials. “This expansion will allow for the commercialization of a number of specialty silicone branded products, such as Magnasoft* and Silsoft* additives for personal care and textile applications, Silwet* products for agricultural use, Niax*additives for polyurethane foam, and SilFORT* hardcoats for automotive lighting and glazing.”
The expansion of the Chennai facility, along with the opening of a regional headquarters and global research and development center in Bangalore later this year, is part of Momentive’s long-standing commitment to India and the surrounding regions. Additionally, the Chennai facility has been designated to become a zero-discharge plant, underscoring Momentive’s commitment to sustainability. Local Momentive employees will participate in training programs on running the plant efficiently and in compliance with the highest safety standards.
For more information about Momentive Performance Materials solutions in India, the Middle East and South Asia, please call 800.295.2392 in North America (+1 614 986 2495 everywhere else), email email@example.com or visit www.momentive.com.
About Momentive Performance Materials Inc.
Momentive Performance Materials Inc. is a global leader in silicones and advanced materials, with a 70+ year heritage of being first to market with performance applications for major industries that support and improve everyday life. The company delivers science-based solutions, by linking custom technology platforms to opportunities for customers. Momentive Performance Materials Inc. is an indirect wholly-owned subsidiary of Hexion Holdings LLC. Additional information is available at www.momentive.com.
Hexion Holdings LLC is the ultimate parent company of Momentive Performance Materials Inc. and Hexion Inc. (collectively, “Momentive”). Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. The company uses its technology portfolio to deliver tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Hexion Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Hexion Inc. file separate financial and other reports with the Securities and Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.
* Magnasoft, Niax, SilFORT, Silsoft and Silwet are trademarks of Momentive Performance Materials Inc.
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