October 21, 2014 3:35 AM ET

Chemicals

Company Overview of Momentive Performance Materials Inc.

Company Overview

Momentive Performance Materials Inc., together with its subsidiaries, produces silicones and silicone derivatives, and products derived from quartz and specialty ceramics. The company’s Silicones business manufactures, sells, and distributes silanes, specialty silicones, and urethane additives. It offers fluids for use in textiles, personal care, home care, agriculture, and oil and gas applications; silanes and resins for use in tires, additives for coatings, masonry water repellents, and protective coatings for plastics and rubber; elastomers for use in healthcare and automotive applications; intermediates, including siloxane, silane, and by-product materials used as inputs for other produc...

260 Hudson River Road

Waterford, NY 12188

United States

4,500 Employees

Phone:

518-237-3330

Key Executives for Momentive Performance Materials Inc.

Chairman
Age: 58
Chief Financial Officer
Age: 60
General Manager of Global Operations
Age: 51
Chief Executive Officer of Global Sealants and President of Global Sealants
Age: 51
Chief Executive Officer of Quartz and President of Quartz
Age: 52
Compensation as of Fiscal Year 2014.

Momentive Performance Materials Inc. Key Developments

Momentive Performance Materials Inc. to Launch Niax Flame Lamination Additive, FLE-500, at UTECH Asia

Momentive Performance Materials Inc. will launch Niax flame lamination additive, FLE-500, at UTECH Asia. This product can help manufacturers meet strict fogging and emissions specifications for flame and heat lamination of polyether foams by improving the total emission levels of finished foam goods. FLE-500 flame lamination additive contains chemicals that will react into the polymer matrix during the foaming process to reduce the smoke density when burned and decrease the emission of volatile organic compounds (VOCs) from the foam. FLE-500 additive can also be incorporated into formulations in lower dosages. Due to these factors, finished foam products have demonstrated lower emission levels when tested by manufacturers. Niax FLE-500 can help manufacturers achieve these other benefits as well: Improved processing: This additive helps foam melt and dry faster during the lamination process, allowing lamination to be completed in a shorter time. Since Niax FLE-500 additive possesses higher bonding strength in lower usage amounts, the lower dosage can save on cost without sacrificing performance. This additive remains strong during initial and final peeling phases. Because Niax FLE-500 additive is a low-viscosity material, it typically can be introduced into formulations without major equipment adjustments. This may help reduce formulation errors that result in waste. Additionally, this additive acts as a mild antioxidant to help reduce foam discoloration. The entire portfolio of Niax silicone products for foam applications will be showcased at booth N2-80.

Momentive Performance Materials, Inc. Opens New Automotive Glazing Coating Facility in Germany

Momentive Performance Materials Inc. (MPM) has opened its new automotive glazing coating facility in Leverkusen, Germany. The first of its kind, the new facility will enable original equipment manufacturers (OEMs) to test Momentive's coating materials in an industrial scale setting. Customers will also be able to coat production-sized automobile parts in realistic climatic conditions, providing a preview of mass production. Additionally, the innovative dual technologies offering of both thermal and UV-cure capacities will provide customers the opportunity to scale up from test specimen-size to production-sized prototype testing.

Momentive Performance Materials Inc. Announces Amendment to Senior Secured Debtor-In-Possession Term Loan Credit Agreement

On May 5, 2014, Momentive Performance Materials Inc. entered into the First Amendment, among the Company, Momentive Performance Materials Holdings Inc., Momentive Performance Materials USA Inc., the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent for the lenders under the Senior Secured Debtor-in-Possession Term Loan Credit Agreement, dated as of April 15, 2014. The Amendment became effective on May 5, 2014 and modifies the DIP Term Loan Facility by, among other things, (a) decreasing the LIBOR floor to 0.75%, (b) decreasing the applicable margin for the adjusted LIBOR rate to 3.25% and (c) decreasing the applicable margin for the alternate base rate to 2.25%.

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