Ceramic Industry News

Momentive Selects Site for New Technology Center, Headquarters

Momentive Performance Materials Inc. recently announced that the Rensselaer Technology Park located on Route 4 in North Greenbush, N.Y., has been selected as the site for its state-of-the-art Technology Center and Global Headquarters. Construction of the Technology Center, which will be financed in part by a developer, is expected to begin in late 2010 and will result in approximately 150 construction-related jobs. The company is in the process of preparing a detailed bid package and will be soliciting bids from developers later in the year. The Rensselaer Technology Park is associated with the Rensselaer Polytechnic Institute.

The new facilities will employ 250 people with a total annual payroll of approximately $38 million. The Technology Center will cost approximately $75 million and will employ 130 people. The company’s global headquarters building will be constructed following completion of the Technology Center at a cost of approximately $16 million. The headquarters will employ 120 people. It is expected that approximately 125 of the jobs will be new to the Capital Region, in addition to 25 positions Momentive has already added to its global headquarters. Momentive relocated its global headquarters from Wilton, Conn., to the Capital Region on August 1, 2008. The company’s interim global headquarters is located at 22 Corporate Woods Blvd. in Albany, N.Y.

“We strive to make our customers successful,” said Jonathan D. Rich, president and CEO of Momentive. “To continue to meet and exceed our customers’ needs, we need a world-class Technology Center for our top-notch talent to design and develop innovative products in order to compete in this highly competitive industry.” Momentive currently has multiple research and development facilities globally, including a 60-year-old center in Waterford, N.Y.

Additional information is available at www.momentive.com.

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