Momentive Performance Materials To Raise Prices For Silicone Products Globally
ALBANY, N.Y., June 17, 2011 — Momentive Performance Materials Inc. announced today that it will raise prices across its silicones business product lines globally, by amounts that vary by specific product and region, effective July 1, 2011, or as contracts allow.
The price increase is required to address higher material and transportation costs and to help enable the company to continue to deliver specialty material solutions that provide proven value for customers. Momentive is committed to continuing to expand new product development capabilities, strengthening its global manufacturing footprint and improving customer service support.
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.
About the New Momentive
Hexion Holdings LLC is the ultimate parent company of Momentive Performance Materials Inc. and Hexion Inc. (collectively, the “new Momentive”). The new 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. The new Momentive was formed in 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The company is controlled by investment funds affiliated with Apollo Global Management, LLC.
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Media Contact-Americas
Nancy Pitts
Nancy.Pitts@momentive.com
+001-203-801-0836
Media Contact-Europe, Middle East & Africa
Fabienne Verrey-Kalaidjian
Fabienne.Verrey-Kalaidjian@momentive.com
+41 (0) 22 792 2856
Media Contact-Asia/Pacific
Joyce Sun
Joyce.Sun@momentive.com
+86-21-507 937 39
