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Momentive
American chemical company From Wikipedia, the free encyclopedia
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Momentive Performance Materials, Inc. is an American chemical company whose products include silicones and quartz.[2][3][4][5][6][7] As of 2024, Momentive is a fully owned subsidiary of KCC Corporation.[8] Headquartered in Niskayuna, New York, it employs 9,200 employees across more than 50 locations throughout North America, Europe, Asia and South America.[9] With $6.5 billion in sales that year,[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.[10][11]
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History
The company traces its origins back to GE research chemist Eugene G. Rochow,[12] 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 in 2006.[13][14][15] After bankruptcy in 2014,[16] and a stock offering in 2017, the company is owned by a group of South Korean investors.[17][11]
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.[18]
In April 2024, it was announced that Korean-based KCC Corporation would fully acquire Momentive Performance Materials Group.[19] The acquisition was completed in May 2024.[8]
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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
External links
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