Momentive

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

For the software company formerly known as SurveyMonkey, see Momentive (software company).
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 is headquartered in Waterford, 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. "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. 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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