Momentive Performance Materials Inc. Announces Expansion of Production at Two Facilities
Company increases manufacturing capacity in Texas and Germany to meet demand
WATERFORD, N.Y. (June 14, 2013) -- Momentive Performance Materials Inc. (”MPM” or the ”Company”) announced today the official expansion of two production facilities in the United States and Germany. With increasing demand in a variety of industries it serves, the company has added manufacturing capacity to its production assets located in Texas City, Texas, and its Leverkusen, Germany manufacturing facility.
“We have seen growing demand in certain segments ot the global market that has led us to invest in our manufacturing capacity,” said John Dandolph, President of the Silicones & Quartz division at Momentive. “Both the Texas City, Texas location, and Leverkusen, Germany facility are sites that are well positioned to help the company serve the particular growth we are seeing and will ultimately further strengthen our global competitiveness.”
The existing company site in Leverkusen produces a wide range of silicone products, houses a technology center and supports European customers with several application development centers. The expansion at the site allows for manufacturing of specialty silicones and silanes to support the growing demand both regionally and globally. In Texas City, MPM is doubling its current NXT* silane production capacity to meet the rapidly growing demand for low rolling resistance silica tires.
For more information on the company’s products and services, visit Momentive.com.
About the Company
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.
About Momentive
Hexion Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Hexion Inc. 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. Its technology portfolio delivers 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.
Media Contacts:
Trisha McGuire
Strategic Marketing Communications Manager
Momentive Performance Materials Inc.
+1 704-992-4797
trisha.mcguire@momentive.com
Investors:
John Kompa
Vice President, Investor Relations & Public Affairs
Hexion Inc.
+1 614-225-2223
john.kompa@momentive.com
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*NXT is a trademark of Momentive Performance Materials Inc.
