Momentive Inc. is an American chemical company. Its products include
silicones
A silicone or polysiloxane is a polymer made up of siloxane (−R2Si−O−SiR2−, where R = organic group). They are typically colorless oils or rubber-like substances. Silicones are used in sealants, adhesives, lubricants, medicine, cookin ...
and
quartz
Quartz is a hard, crystalline mineral composed of silica (silicon dioxide). The atoms are linked in a continuous framework of SiO4 silicon-oxygen tetrahedra, with each oxygen being shared between two tetrahedra, giving an overall chemical form ...
.
Momentive is headquartered in
Waterford, New York
Waterford is a town in Saratoga County, New York, United States. The population was 8,423 at the 2010 census. The name of the town is derived from its principal village, also called Waterford. The town is located in the southeast corner of Sara ...
. The company employs 9,200 employees across more than 50 locations throughout North America, Europe, Asia, and South America. In 2019, it had sales of $6.5 billion.
The company was ranked as the 64th largest private company in the United States by
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
in 2019.
Momentive is the fourth-largest manufacturer in the
Capital Region
A capital region, also called a capital district or capital territory, is a region or district surrounding a capital city. It is not always the official term for the region, but may sometimes be used as an informal synonym. Capital regions can exis ...
of
New York State
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. stat ...
employing roughly 1,000 at its Waterford plant.
History
The company traces its origins back to GE research chemist
Eugene G. Rochow
Eugene George Rochow (October 4, 1909 – March 21, 2002) was an American inorganic chemist. Rochow worked on organosilicon chemistry; in the 1940s, he described the direct process, also known as the Rochow process or Müller-Rochow process.
Bo ...
, 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
Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, i ...
in 2006. After bankruptcy in 2014, and a stock offering in 2017, the company is a wholly-owned subsidiary of the South Korean Investors Group.
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 protection ...
as a result of air, water and hazardous waste law violations that had occurred at their Waterford facility since 2007.
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
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Chemical companies of the United States
Manufacturing companies based in New York (state)
Privately held companies based in New York (state)
Companies based in Saratoga County, New York
Companies that filed for Chapter 11 bankruptcy in 2014