Momentive Performance Materials, Inc. is an American chemical company whose products include

silicones In Organosilicon chemistry, organosilicon and polymer chemistry, a silicone or polysiloxane is a polymer composed of repeating units of siloxane (, where R = Organyl group, organic group). They are typically colorless oils or elastomer, rubber ...

and

quartz Quartz is a hard, crystalline mineral composed of silica (silicon dioxide). The Atom, atoms are linked in a continuous framework of SiO4 silicon–oxygen Tetrahedral molecular geometry, tetrahedra, with each oxygen being shared between two tet ...

. As of 2024, Momentive is a fully owned

subsidiary A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidia ...

of KCC Corporation. Headquartered in Niskayuna, New York, it employs 9,200 employees across more than 50 locations throughout

North America North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

Asia Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...

and

South America South America is a continent entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a considerably smaller portion in the Northern Hemisphere. It can also be described as the southern Subregion#Americas, subregion o ...

. With $6.5 billion in sales that year, the company was ranked as the 64th largest private company in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

Forbes ''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...

in 2019. Momentive is the fourth-largest manufacturer in the Capital Region of

New York State New York, also called New York State, is a state in the northeastern United States. Bordered by New England to the east, Canada to the north, and Pennsylvania and New Jersey to the south, its territory extends into both the Atlantic Ocean and ...

employing roughly 1,000 at its Waterford plant.

History

The company traces its origins back to GE research chemist Eugene G. Rochow, who first described the direct process for synthesizing silicone compounds. Momentive Performance Materials was later formed as a result of the sale of GE Advanced Materials to

Apollo Management Apollo Global Management, Inc. is an American Asset Management, asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including ...

in 2006. After bankruptcy in 2014, and a stock offering in 2017, the company is owned by a group of South Korean investors. In 2021, the company was assessed over $2 million in penalties by the

New York State Department of Environmental Conservation The New York State Department of Environmental Conservation (informally referred to as NYSDEC, DEC, EnCon or NYSENCON) is a department of New York state government. The department guides and regulates the conservation, improvement, and protecti ...

as a result of air, water and hazardous waste law violations that had occurred at their Waterford facility since 2007. In April 2024, it was announced that Korean-based KCC Corporation would fully acquire Momentive Performance Materials Group. The acquisition was completed in May 2024.

Products

Momentive's products include silicones used in several markets., 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.

References

External links

* {{Authority control, state=expanded Chemical companies of the United States Manufacturing companies based in New York (state) Privately held companies based in New York (state) Companies based in Schenectady County, New York Companies that filed for Chapter 11 bankruptcy in 2014 2024 mergers and acquisitions