Momentive

Momentive
Private
Industry Special Materials
Founded 2006
Headquarters Waterford, NY, United States.
Key people
 Jack Boss (President and CEO)
Products Silicones, Sealants and Adhesives, Quartz, Ceramics, Acrylics, Coatings
Owner Apollo Global Management
Number of employees
 10,000 (2010)
Website http://ww2.momentive.com/home.aspx

Momentive is organized into two operating companies, Momentive Specialty Chemicals Inc. and Momentive Performance Materials Inc., which maintain separate capital structures and publicly report their results. The company serves its customers through three operating divisions:

Momentive Performance Materials Inc. manufactures silicone, silicone based derivatives, quartz, ceramics and other specialty materials for diverse industrial applications. In 2009, the company had sales close to $2 billion, of which more than 90% were in silicones and derivatives segment.[1] As of 2010, Momentive is the second-largest producer of silicones in the world. Its close competition are Dow Corning, Wacker Chemie and ICM Products, Inc. Momentive Performance Material's world headquarters is located in Waterford, New York,

Momentive Specialty Chemicals Inc. makes thermoset resins used by a wide range of industries including construction, transportation, electronics, automotive and others. Products include acrylic monomers, amino resins, epoxy resins, phenolic resins, polyester resins, versatic acid and derviatives. Momentive Specialty Chemicals serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Momentive Specialty Chemical's world headquarters is located in Columbus, Ohio,

History

Momentive was formed in 2006 by the sale of General Electric Advanced Materials business to Apollo Management LP. The former GE joint ventures of GE Bayer Silicones and GE Toshiba Silicones became part of the newly formed company. The sale was completed for a total consideration of $3.8 billion.

On September 13, 2010, Apollo Management LP - the parent holding company of Momentive Performance Materials Inc. and Hexion Specialty Chemicals, Inc., - announced an agreement under which they will merge the companies under a common holding company, creating a global leader in specialty chemicals and materials.[2]

In April 2014, Momentive Performance Materials filed for bankruptcy.[3] In October 2014 Momentive Performance Materials Operations Completes U.S. Financial Restructuring and Emerges From Chapter 11.[4]

Momentive at a Glance

Products

Momentive delivers products in the following broad categories:

Locations

Momentive is located all around the globe and has offices and plants in several countries including:[5]

References

  1. ↑ Momentive Performance Material Annual Report 2009
  2. ↑ SEC filings of Momentive Merger
  3. ↑
  4. ↑
  5. ↑ http://www.momentive.com/locations_home.aspx?id=293 Momentive Corporate Locations List
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