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Momentive closing New York plant

Also in this week's issue of C&EN: (by Michael McCoy)

As part of a major corporate overhaul, the silicone maker Momentive Performance Materials plans to shut its basic chemicals plant in Waterford, New York, leaving Dow as the only US producer of the key raw materials needed to produce silicone fluids, sealants, and elastomers. 

Momentive says the shutdown will take place over 2 years, eliminating roughly 300 of its 1,000 employees in the Waterford region. At the same time, Momentive says it will spend $15 million to expand production of silicones for electronics in Waterford. And the company will sell Henkel its business in consumer sealants sold at hardware stores and home improvement centers. The consumer business has annual sales of about $120 million, roughly 5% of Momentive’s total sales. 

The shutdown will also affect Evonik Industries, which produces fumed silica in Waterford using a by-product generated by Momentive. Evonik says it will “explore all options” for the silica facility, which employs about 30 people.

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