Momentive Performance Materials Inc manufactures silicone

Silicone

Silicones are inert, synthetic compounds with a variety of forms and uses. Typically heat-resistant and rubber-like, they are used in sealants, adhesives, lubricants, medical applications , cookware, and insulation....

, silicone based derivatives, quartz

Quartz

Quartz is the second-most-abundant mineral in the Earth's continental crust, after feldspar. It is made up of a continuous framework of SiO4 silicon–oxygen tetrahedra, with each oxygen being shared between two tetrahedra, giving an overall formula SiO2. There are many different varieties of 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. As of 2010, Momentive is the second-largest producer of silicones in the world. Its close competition are Dow Corning

Dow Corning

Dow Corning is a multinational corporation headquartered in Midland, Michigan, USA. Dow Corning specializes in silicon and silicone-based technology, offering more than 7,000 products and services...

 and Wacker Chemie

Wacker Chemie

Wacker Chemie AG is a worldwide operating company in the chemical business, founded 1914. The company is controlled by the Wacker-family holding more than 50 percent of the shares. The corporation is operating more than 25 production sites in Europe, Asia, and the Americas...

. Momentive's world headquarters is located in Columbus, Ohio

Columbus, Ohio

Columbus is the capital of and the largest city in the U.S. state of Ohio. The broader metropolitan area encompasses several counties and is the third largest in Ohio behind those of Cleveland and Cincinnati. Columbus is the third largest city in the American Midwest, and the fifteenth largest city...

,

History

Momentive was formed in 2006 by the sale of General Electric

General Electric

General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...

 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 will under a common holding company, creating a global leader in specialty chemicals and materials.

In April 2011, Momentive Performance filed to raise up to $863 million in an initial public offering.

Momentive at a Glance

■■ 2010 proforma sales of $7.5 billion

■■ 100+ manufacturing facilities

■■ More than 10,000 associates serving 20,000 customers

■■ World headquarters: Columbus, Ohio

Products

Momentive delivers products in the following broad categories:

■■ Acrylic Monomers

■■ Amino Resins

■■ Ceramics

■■ Epoxy Resins

■■ Phenolic Resins

■■ Polyester and Unsaturated Polyester Resins

■■ Quartz

■■ Sealants (Silicone and Acrylic)

■■ Silicones (Elastomers, Engineered Materials, Silanes, Specialty Fluids and Urethane Additives)

■■ Versatic Acid and Derviatives

Locations

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

• USA
• Canada
• Brazil
• Germany
• The Netherlands
• Italy
• Belgium
• UK
• China
• Japan
• Singapore
• Thailand
• India
• Australia
• France
• Mexico
• New Zealand
• Turkey