Momentive Inc.
TypePrivate
IndustryChemicals
PredecessorMomentive Performance Materials Inc., Momentive Specialty Chemicals Inc.
Founded1857[1]
HeadquartersNiskayuna, New York, United States
Key people
Sam Conzone (President & CEO)[2][3]
Revenue$6.5 billion[1]
Number of employees
9,200[1]
Websitemomentive.com

Momentive Performance Materials, Inc. is an American chemical company. Its products include silicones and quartz.[4][5][6][7][8][9]

Momentive is headquartered in Niskayuna, New York. The company employs 9,200 employees across more than 50 locations throughout North America, Europe, Asia, and South America.[10] In 2019, it had sales of $6.5 billion.[1] The company was ranked as the 64th largest private company in the United States by Forbes in 2019.[1] Momentive is the fourth-largest manufacturer in the Capital Region of New York State employing roughly 1,000 at its Waterford plant.[11][12]

History

The company traces its origins back to GE research chemist Eugene G. Rochow,[13] who first described the direct process. Momentive Performance Materials was later formed as a result of the sale of GE Advanced Materials to Apollo Management in 2006.[14][15][16] After bankruptcy in 2014,[17] and a stock offering in 2017, the company is owned by a group of South Korean investors.[18][12]

In 2021, the company was assessed over $2 million in penalties by the New York State Department of Environmental Conservation as a result of air, water and hazardous waste law violations that had occurred at their Waterford facility since 2007.[19]

Products

Momentive's products include silicones used in several markets.,[1] as well as quartz and ceramic materials. The company also produces raw materials such as siloxane polymers and various additives, including silanes, specialty fluids, and urethane additives.[20]

References

  1. 1 2 3 4 5 6 "Momentive". Forbes.
  2. ↑ "Momentive Names Sam Conzone President & CEO, Amy Bianchi, SVP & Chief Human Resources Officer". momentive.com. 6 April 2020. Retrieved 24 April 2021.
  3. ↑ Cooper, Robin K. (2020-04-08). "Momentive names new chief executive". bizjournals.com.
  4. ↑ "About Momentive | Momentive Performance Materials". MPMSitefinityCMS.
  5. ↑ Morey, Krystle S. (2014-10-27). "Momentive emerges from bankruptcy". bizjournals.com. Retrieved 2021-05-28.
  6. ↑ Glazer, Patrick Fitzgerald And Emily (April 14, 2014). "Apollo's Momentive Performance Materials Makes Chapter 11 Bankruptcy Filing". Wall Street Journal – via www.wsj.com.
  7. ↑ "Momentive history, profile and corporate video". companieshistory.com. January 8, 2014.
  8. ↑ "Investindustrial has acquired the composites and coatings business of Momentive Specialty Chemicals, Inc". Lincoln International.
  9. ↑ "Business and Basis of Presentation". www.sec.gov. Retrieved 2021-05-28.
  10. ↑ "Locations | Momentive Performance Materials". MPMSitefinityCMS.
  11. ↑ Morey, Krystle S. (2014-04-17). "Momentive files for bankruptcy, to continue business as usual, no layoffs planned". bizjournals.com. Retrieved 2021-05-28.
  12. 1 2 McCoy, Michael (2020-08-10). "Momentive to close silicone raw material plant". cen.acs.org. Retrieved 2021-05-28.
  13. ↑ "Momentive Celebrates 75 Years of Invention". momentive.com. 2015-05-12.
  14. ↑ "Press Release announcing the completion of the Combination". www.sec.gov. 2010-10-01.
  15. ↑ "Momentive Created by Joining Units From GE, Toshiba and Bayer". www.pcimag.com. 2007-02-01.
  16. ↑ Rulison, Larry (April 14, 2014). "Momentive files for bankruptcy". timesunion.com.
  17. ↑ Hals, Tom (October 20, 2017). "Creditors win closely watched appeal in Momentive bankruptcy". Reuters – via www.reuters.com.
  18. ↑ "Investor Group Completes Acquisition of MPM Holdings Inc". momentive.com. 2019-05-15.
  19. ↑ Cropley, John (May 4, 2021), Momentive to pay $2.3M for Waterford environmental violations, The Daily Gazette, retrieved May 24, 2021{{citation}}: CS1 maint: date and year (link)
  20. ↑ "Momentive Performance Materials Inc - Company Profile and News". Bloomberg.com.
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