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Momentive Announces Plans to Relocate Global Corporate Headquarters and Build State-of-the-Art R&D Center

七月 01, 2022

Momentive Expands Capital Region Presence With Corporate Headquarters / R&D Center in Niskayuna

Waterford, New York – [July 1, 2022] – The Momentive Performance Materials group (Momentive), a global high-performance silicones and specialty solutions company, announced today that it is has signed a purchase agreement which will keep the company’s headquarters in the Capital Region by relocating its global Corporate Headquarters from Waterford, N.Y., to the former SI Group location on Balltown Road in Niskayuna, N.Y.

This is the first step in a plan to construct a brand-new R&D center which will relocate approximately 200 Corporate and R&D/Technology Momentive employees to the site in Niskayuna.

“Moving forward with another step in our previously announced Waterford transformation, we are committed to maintaining a strong presence in the Capital Region and expanding our regional presence,” said Momentive President and CEO Sam Conzone, Ph.D. “This move provides an opportunity for Momentive to upgrade and expand our R&D/Technology labs to a state-of-the-art building and co-locate our teams.”

While the Corporate staff may begin to relocate in the fall of 2022, the R&D and Technology teams will not move until the construction of the proposed state-of-the-art laboratory facility is complete, expected in 2024. There are no plans to relocate the Waterford manufacturing site, which will remain one of Momentive’s top global production facilities.

Anthony Jasenski, Chairman of the Schenectady County Legislature said, “Momentive is a global leader in advanced materials and after an extensive search the company has selected Schenectady County for its new corporate headquarters. We thank Momentive for giving us the opportunity to host their new headquarters and R&D facility. We also thank our economic development team led by Metroplex for their focused efforts that helped us bring this new employer to our county.”

About the Company

Momentive is a premier global advanced materials company with a cutting-edge focus on silicone and specialty products. We deliver technologies, solutions and processes designed to propel our customer’s products forward—products that have a profound impact on everyday life from dawn to dusk, and from living rooms to outer space. With every innovation, Momentive creates a more sustainable future. Our vast product portfolio is made up of advanced silicone solutions that play an essential role in driving performance across a multitude of industries, including agriculture, automotive, aerospace, electronics, personal care, consumer products, building and construction, and more. 

Momentive Performance Materials, Inc. is an indirect wholly owned subsidiary of MOM Holding Company and is one of the largest producers of silicones and silicone derivatives. Additional information about Momentive and its products is available at momentive.com.