Producer
Momentive Performance Materials Inc.
Momentive Performance Materials Inc. (Waterford, New York; formerly GE Advanced Materials / GE Silicones / Hexion Silicones) is a major silicone producer with approximately 8-12% global silicone market share. The Waterford, NY plant is one of the oldest continuous silicone manufacturing sites in the world — General Electric opened its silicone facility in Waterford in 1947, four years after Dow Corning was founded. Momentive went through bankruptcy in 2014 before emerging as an independent company; it was subsequently acquired by SJL Partners (South Korean private equity) in 2019. Momentive's personal care silicone portfolio includes dimethicone fluids, amodimethicone (amino-functional silicone for hair conditioning), and cyclomethicone (D4/D5 cyclic silicones used in antiperspirants and skin care — though D4/D5 face EU environmental restrictions). The Leverkusen, Germany site (formerly Bayer AG / Hüls AG silicone operations) is Momentive's major European manufacturing base. Momentive is the 'fourth pillar' of global silicone supply — the only major silicone producer outside of Dow, Wacker, and Shin-Etsu with significant personal care grade capacity.
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Personal Care Silicones
30%Industrial Sealants & Adhesives
35%Electronics & Semiconductor
20%Industrial & Specialty Applications
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Origin2023
The Waterford, New York facility that Momentive now operates was opened by General Electric in 1947 — built by the same company whose scientist, E.G. Rochow, had invented the direct synthesis process for making methylchlorosilanes at GE Research Lab in Schenectady in 1940. In a notable irony of industrial history, GE invented the fundamental process for commercial silicone synthesis, licensed it to Dow Chemical (which formed the Dow Corning joint venture in 1943), and then four years later built its own silicone factory to compete with the company that licensed GE's own patent. GE operated silicones for nearly 60 years before selling the business to Apollo Global Management in 2006 for $3.8B in a leveraged buyout. Apollo renamed the business Momentive and loaded it with acquisition debt that ultimately caused the company to file for Chapter 11 bankruptcy in April 2014 — one of the largest industrial bankruptcies in US history, with $3B+ in debt. South Korean private equity firm SJL Partners acquired Momentive from bankruptcy in 2019. The Waterford, NY plant — which has been operating continuously since 1947 — has now passed through GE, Apollo Global Management, a bankruptcy proceeding, and Korean PE ownership, while continuing to produce silicones for the same customers throughout.
Momentive Performance Materials Inc. ↗