Momentive to set up greenfield plant
PM News Bureau
Momentive Performance Materials Inc., a speciality materials company
headquartered in Connecticut, USA, has finalised its plans to set up a
state-of-the-art manufacturing facility and a world-class technology centre in
Chennai, Tamil Nadu, a company release said. The investment in this greenfield
project will be $20 million. Momentive (formerly GE Bayer Silicones) provides
high-technology materials solutions to the silicones, quartz and ceramics
The plant, which will be located in SIPCOT Oragadum Industrial Growth Centre in
Sriperumbudur near Chennai, will triple the company's silicone production
capacity in the region.
V.P. Nalian, Managing Director, Momentive India, said, "We are excited about
expanding and continuing to invest in India... Momentive has six global
technology and application development centres in the world, including one in
"The new manufacturing facility is slated to be operational in 2008," said Joerg
Krueger, General Manager - Global Operations. The plant design and engineering
integrate the most efficient process and product technology capabilities that
exist among the various Momentive plants around the world. Momentive currently
has 25 manufacturing facilities spanning the globe.
Meanwhile, Momentive and Chenai-based Anabond, manufacturer of engineering
adhesives and sealants, will jointly invest to develop, manufacture and market
SPUR sealants for the subcontinent. The product will be manufactured at
Anabond's plants. Momentive will market the product in the construction segment
and Anabond will market it in the automotive and electrical and electronics
segment under license from Momentive.
"(Anabond's) expertise in the adhesive and sealants area, namely in the
automotive industry, combined with their manufacturing capabilities will help us
develop high-end SPUR sealant applications and bring this product to Indian
customers in a cost-effective manner," Nalian stated.
A spokesperson for Momentive said no new investment had been planned in the
joint venture for SPUR sealants."We will make use of the exisiting facilities,"
he noted. SPUR sealants will be launched by the fourth quarter.
Contact: Momentive Performance Materials (India) Pvt. Ltd, No.275, 4th
Cross, 4th Main, 4th Phase, Peenya Industrial Area, Bangalore, Karnataka 560058.
Tel: 080-28398567; Fax: 080-28399312
[July 21-27, 2008]