February (2023)
Momentive Performance Materials Inc: Expanding Speciality Materials Capability in Rayong, Thailand Link...
Momentive Performance Materials is building a new manufacturing facility in Rayong, Thailand. The new site will expand Momentive’s manufacturing capacity to serve the growing Southeast Asian market demand for specialty silicones in industries including beauty and personal care, automotive, energy, healthcare and agriculture. This new facility will be Momentive’s second manufacturing site in Rayong, Thailand.
November (2020)
Momentive Performance Materials Inc: Announces North American Center Of Excellence for Silicone Custom Compounding Link...
Momentive Performance Materials has announced the establishment of a North American Center of Excellence for Silicone Elastomer’s Custom Compounding, based in Garrett, IN. The Garrett, IN facility has had steady investment by Momentive for the past several years. This has expanded production capacity, while employing state-of- the-art technological advancements and production capabilities that cover a wide range of custom compounding demands. Momentive has further underlined its core commitment to the custom compound industry through investments in the most advanced mixing equipment available.
August (2020)
Momentive Performance Materials Inc: Divestment of Consumer Sealants Business to Henkel Link...
Momentive Performance Materials is divesting its consumer sealants business to Henkel as part of its transition to speciality chemicals at its Waterford, New York site.
May (2019)
Momentive Performance Materials Inc: Investor Group Completes Acquisition of Momentive Link...
The investor group (SJL Partners LLC, KCC Corporation, Wonik QnC Corporation) have successfully completed the acquisition of Momentive Performance Materials Inc. On May 15, Momentive became a wholly owned subsidiary of the Investor Group and ceased to be traded on the OTCQB.
March (2019)
Momentive Performance Materials Inc: 2018 Full Year Results Link...
Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reported in two segments: Silicones and Quartz up until Q2 2017. Post Q2 2017 they report in three segments, with silanes residing in the functional additives segment. Rubber Chemical Consultants tracks the company results and the functional additives segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018 | 2705.0 | 2331.0 | 16.0 | | All Segments | Gross Margin | 2018 | 627.0 | 500.0 | 25.4 | | All Segments | EBITDA | 2018 | 400.0 | 293.0 | 36.5 | | All Segments | EBIT | 2018 | 206.0 | 88.0 | 134.1 | | Performance Additives | Sales Revenue | 2018 | 973.0 | 900.0 | 8.1 | | Performance Additives | EBITDA | 2018 | 193.0 | 188.0 | 2.7 | |
November (2018)
Momentive Performance Materials Inc: 2018 Q3 Results Link...
Momentive Performance Materials Inc: Strong Q3 results driven by market dynamics and continued focus on speciality applications. Definitive merger agreement ongoing to position the company for long term growth. Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reported in two segments: Silicones and Quartz up until Q2 2017. Post Q2 2017 they report in three segments, with silanes residing in the functional additives segment. Rubber Chemical Consultants tracks the company results and the functional additives segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018/3 | 687.0 | 594.0 | 15.7 | | All Segments | EBITDA | 2018/3 | 102.0 | 67.0 | 52.2 | 1 | All Segments | EBIT | 2018/3 | 50.0 | 17.0 | 194.1 | | All Segments | Net Margin | 2018/3 | 18.0 | -8.0 | 325.0 | | Performance Additives | Sales Revenue | 2018/3 | 239.0 | 223.0 | 7.2 | | Performance Additives | EBITDA | 2018/3 | 47.0 | 45.0 | 4.4 | |
September (2018)
Momentive Performance Materials Inc: Opens New NXT Silane Manufacturing Facility in Leverkusen, Germany Link...
Waterford, N.Y. (September 27, 2018) – Momentive Performance Materials Inc. (“Momentive”) today celebrated the official opening of its new NXT silane production facility in the Leverkusen Chempark.
August (2018)
Momentive Performance Materials Inc: 2018 Q2 Results Link...
Momentive Performance Materials Inc: Commissioning process for NXT capacity expansion complete. Production to ramp up in Q2 2018 reinforcing Momentive's leading position in automotive tire applications and enhancing the ability to offer new products. Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reported in two segments: Silicones and Quartz up until Q2 2017. Post Q2 2017 they report in three segments, with silanes residing in the functional additives segment. Rubber Chemical Consultants tracks the company results and the functional additives segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018/2 | 704.0 | 594.0 | 18.5 | | All Segments | EBITDA | 2018/2 | 113.0 | 74.0 | 52.7 | 1 | All Segments | EBIT | 2018/2 | 70.0 | 38.0 | 84.2 | | All Segments | Net Margin | 2018/2 | 39.0 | 19.0 | 105.3 | | Performance Additives | Sales Revenue | 2018/2 | 250.0 | 228.0 | 9.6 | 2 | Performance Additives | EBITDA | 2018/2 | 50.0 | 48.0 | 4.2 | 3 |
May (2018)
Momentive Performance Materials Inc: 2018 Q1 Results Link...
Momentive Performance Materials Inc: Speciality Focus for Growth Strategy. Recently completed NXT silane expansion at Leverkusen, Germany is currently ramping up. Expansion will double current NXT capacity, NXT CAGR volume growth of 47% for 2011 to 2017. Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reported in two segments: Silicones and Quartz up until Q2 2017. Post Q2 2017 they report in three segments, with silanes residing in the functional additives segment. Rubber Chemical Consultants tracks the company results and the functional additives segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Currency values reported in: Millions of USD Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
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All Segments | Sales Revenue | 2018/1 | 657.0 | 544.0 | 20.8 | 1 | All Segments | EBITDA | 2018/1 | 94.0 | 69.0 | 36.2 | 2 | All Segments | EBIT | 2018/1 | 49.0 | -9.0 | 644.4 | | All Segments | Net Margin | 2018/1 | 20.0 | -30.0 | 166.7 | | Performance Additives | Sales Revenue | 2018/1 | 248.0 | 220.0 | 12.7 | 3 | Performance Additives | EBITDA | 2018/1 | 54.0 | 47.0 | 14.9 | |
February (2018)
Momentive Performance Materials Inc: 2017 Full Year and Q4 Results Link...
Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reported in two segments: Silicones and Quartz up until Q2 2017. Post Q2 2017 they report in three segments, with silanes residing in the functional additives segment. Rubber Chemical Consultants tracks the company results and the functional additives segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Currency values reported in: Millions of USD Positioned for earnings growth in 2018 Strong sales growth across the speciality portfolio in 2017 with good order books for 2018. Segmental EBITDA growth of 23% with growth capital funding now largely complete for projects initiated in the last two years which will have a favourable impact on earings in 2018 and beyond. Pricing actions announced late in Q4 2017 will also have an impact moving into 2018. Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017 | 2331.0 | 2233.0 | 4.4 | 1 | All Segments | EBITDA | 2017 | 293.0 | 238.0 | 23.1 | | All Segments | EBIT | 2017 | 88.0 | -84.0 | 204.8 | | All Segments | Net Margin | 2017 | .0 | -163.0 | n/a | | Performance Additives | Sales Revenue | 2017 | 900.0 | | | 2 | Performance Additives | EBITDA | 2017 | 188.0 | | | 3 | All Segments | Sales Revenue | 2017/4 | 599.0 | 544.0 | 10.1 | 4 | All Segments | EBIT | 2017/4 | 42.0 | -93.0 | 145.2 | | Performance Additives | Sales Revenue | 2017/4 | 230.0 | | | 5 | Performance Additives | EBITDA | 2017/4 | 48.0 | | | |
November (2017)
Momentive Performance Materials Inc: Q3 Results Link...
Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reported in two segments: Silicones and Quartz up until Q2 2017. Post Q2 2017 they report in three segments, with silanes residing in the functional additives segment. Rubber Chemical Consultants tracks the company results and the functional additives segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Currency values reported in: Millions of USD Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017/3 | 594.0 | 567.0 | 4.8 | 1 | All Segments | EBIT | 2017/3 | 17.0 | 10.0 | 70.0 | | All Segments | Net Margin | 2017/3 | -8.0 | -17.0 | 52.9 | | Performance Additives | Sales Revenue | 2017/3 | 223.0 | | | 2 | Performance Additives | EBITDA | 2017/3 | 45.0 | | | |
2017/3In the third quarter of 2017, Momentive reorganized its segment structure and bifurcated its Silicones segment into Performance Additives and Formulated and Basic Silicones to better reflect the Company’s specialty chemical portfolio and related performance.
August (2017)
Momentive Performance Materials Inc: Q2 Results Link...
Momentive Performance Materials Inc manufactures silicones, silicone derivatives, organo fuctional silanes, quartz and ceramics. Momentive reports in two segments: Silicones and Quartz. Rubber Chemical Consultants tracks the company results and the silicone segment results which include organosilanes used in the manufacture of silica reinforced tire compounds. Momentive Performance Materials Inc: USD Millions Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017/2 | 594.0 | 586.0 | 1.4 | | All Segments | EBIT | 2017/2 | 38.0 | 17.0 | 123.5 | | All Segments | Net Margin | 2017/2 | 19.0 | -10.0 | 290.0 | | Silicones | Sales Revenue | 2017/2 | 542.0 | 539.0 | .6 | | Silicones | EBITDA | 2017/2 | 75.0 | 70.0 | 7.1 | |
May (2017)
Momentive Performance Materials Inc: 2017 Q1 Results Link...
Momentive Performance Materials Inc: USD Millions Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
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All Segments | Sales Revenue | 2017/1 | 544.0 | 536.0 | 1.5 | 1 | All Segments | Gross Margin | 2017/1 | 98.0 | 90.0 | 8.9 | | All Segments | EBIT | 2017/1 | -9.0 | -18.0 | 50.0 | | All Segments | Net Margin | 2017/1 | -30.0 | -18.0 | -66.7 | | Silicones | Sales Revenue | 2017/1 | 495.0 | 500.0 | -1.0 | | Silicones | EBITDA | 2017/1 | 71.0 | 50.0 | 42.0 | 2 |
1 The increase in net sales reflected improved product mix in specialty silicone products and higher quartz business sales partially offset by lower volumes of siloxane derivative products. 2 Increase in Segment EBITDA driven by improved demand in automotive, consumer products and electronics markets, production efficiencies, and raw material deflation in the silicones segment.
March (2017)
Momentive Performance Materials Inc: Q4 Results Link...
MRT tracks Momentive because of its focus on high value tire silanes. Momentive has made tire silanes one of its strategic product groups and has made several recent capital investments along with significant product development in this area. Momentive Performance Materials Inc: USD Millions Segment | Parameter | Period | 2016 | 2015 | YoY, % | Notes |
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All Segments | Sales Revenue | 2016 | 2233.0 | 2289.0 | -2.4 | | All Segments | Gross Margin | 2016 | 388.0 | 395.0 | -1.8 | | All Segments | EBIT | 2016 | -84.0 | 11.0 | -863.6 | | All Segments | Net Margin | 2016 | -163.0 | -83.0 | 96.4 | | Silicones | Sales Revenue | 2016 | 2061.0 | 2112.0 | -2.4 | 1 | Silicones | EBITDA | 2016 | 257.0 | 201.0 | 27.9 | 2 | All Segments | Sales Revenue | 2016/4 | 544.0 | 549.0 | -0.9 | | All Segments | Gross Margin | 2016/4 | 70.0 | 93.0 | -24.7 | | All Segments | EBIT | 2016/4 | -93.0 | -22.0 | 322.7 | | All Segments | Net Margin | 2016/4 | -118.0 | -37.0 | 218.9 | | Silicones | Sales Revenue | 2016/4 | 498.0 | 507.0 | -1.8 | | Silicones | EBITDA | 2016/4 | 68.0 | 47.0 | 44.7 | |
1 Reduction in sales reflect shift to high value products 2 Increased EBITDA reflects growth in speciality silicones, improved cost control and raw material deflation. Speciality volume increased 5%. 2016 notes:Programe to reduce divisional and corporate SG&A fully implemented with 29 MM$ savings in 2016 and targeting final savings of 35 MM$.
January (2017)
Momentive Performance Materials Inc: Breaks Ground On Leverkusen NXT Silane Plant Link...
Momentive Performance Materials Inc. broke ground on its new silane manufacturing facility in Leverkusen. Production is expected to begin in 2017. Previously, the product was only produced in the U.S. and exported to Europe.
Momentive Performance Materials Inc: Acquires Sea Lion Technology, Inc Link...
WATERFORD, N.Y. (January 18, 2017) – Momentive Performance Materials Inc. (“Momentive”) announces today that it has acquired the operating assets of Sea Lion Technology, Inc. (“Sea Lion”) located in Texas City, Texas. Sea Lion is a contract chemical manufacturer that has worked with Momentive to produce silane products, including NXT* silane, for more than ten years. The Texas City facility will continue to manufacture NXT silane as an integrated part of Momentive’s global supply chain, joining Momentive’s 24 other manufacturing facilities located around the world dedicated to supply excellence.
November (2016)
Momentive Performance Materials Inc: 2016 Q3 Results Link...
All Segments: YOY sales revenue increased by 1.4% and net loss improved from -37 MM$ to -17 MM$.
Silicones Segment: YOY sales revenue increased by 1.9% and EBITDA improved by 64.3% giving an EBITDA to sales percentage of 13.2%.
August (2016)
Momentive Performance Materials Inc: 2016 Q2 Results Link...
All Segments: YOY sales revenue decreased by 2.7% with net loss improving from -26 MM$ to -10 MM$.
Silicones Segment: YOY Sales revenue decreased by 3.6% with EBITDA improving by 16.7%.
May (2016)
Momentive Performance Materials Inc: 2016 Q1 Results Link...
All Segments: YOY sales revenue decreased 7.4%, net loss improved from -26 MM$ to -18 MM$.
Silicones Segment: YOY Sales revenue decreased 6% from 559 MM$ to 500 MM$ with EBITDA decreasing by 3.8%.
March (2016)
Momentive Performance Materials Inc: 2015 FY Results Link...
All Segments: YOY data not available due to Momentive Chapter 11 being filed in 2014. Sales revenue for 2015 was 2289 MM$ with a net loss of 83 MM$.
Silicone Segment: Sales of 2112 MM$ with a 201 MM$ gross margin.
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