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WATERFORD, N.Y., (July 3, 2013) – Momentive Performance Materials Inc. (“Momentive Performance Materials” or the
“Company”) today announced that IUE-CWA-represented employees at its sites in Waterford, N.Y., and Willoughby, Ohio,
voted this week to ratify the tentative agreement on a new three-year national contract. Three local unions were involved
in the contract negotiations: Local 81359 and Local 81380 in Waterford, and Local 84707 in Willoughby. Contract
negotiations began on June 3, 2013 in Philadelphia and continued until an agreement was developed and ultimately
ratified by the union membership.
“I’m pleased that our employees voted to ratify the contract. IUE-CWA and MPM leadership worked hard during
negotiations to find a balance between what is competitive in the marketplace and what meets employee needs. We
believe the result was a fair and equitable agreement, and we now know that our employees agree,” said John C.
Dandolph, executive vice president and president of the Silicones and Quartz Division. “We look forward to continuing the
productive, decades-long working relationship we have had with our represented employees and with union leadership as
we continue to serve our customers."
The Company’s goal remains ensuring its competitiveness so current and future generations of employees can realize the
rewards of a career at the Waterford and Willoughby plants. The ratified contract preserves employment opportunities for
the region, provides a market-competitive and comprehensive wage and benefits package and promotes a safe work
environment, while managing all of the Company’s affairs with the highest level of respect and ethical behavior.
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 Momentive Performance Materials
Holdings LLC.
About Momentive
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive
Performance Materials Inc. and Momentive Specialty Chemicals 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 Momentive Specialty Chemicals Inc. (formerly known as
Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate.
Momentive Performance Materials Inc. and Momentive Specialty Chemicals 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.
Contacts
Investors and Media:
John Kompa
614-225-2223
john.kompa@momentive.com
*뒤에 별표(*)가 있는 표시는 Momentive Performance Materials Inc.의 상표입니다.