Momentive Specialty Chemicals Inc. Completes Expansion of its North America Technical Center Plans for Additional Growth
- Lab complex will house new research group focused on growth technologies
- Next phase of expansion project will enable move of 45 employees from downtown Houston to Stafford location
Stafford, Texas (September 8, 2011) – Momentive Specialty Chemicals Inc. hosted a ribbon cutting ceremony yesterday for its expanded technical center in Stafford, Texas, that will house a new technology group focused on product innovations to drive business growth.
The $3 million expansion project at the Stafford technical center, the company’s North American chemical research hub, will enable Momentive to add 20 new research and technical roles at the site. The 14,000 square foot expansion includes new research labs, applications and testing areas, and office space. There are future expansion plans to add another 35 researchers at the site.
An additional expansion project at the site, slated to begin this fall and be completed in the first quarter of 2012, will involve renovation of its existing 45,000 square feet of space to build out additional office space. Upon completion, 45 Momentive associates currently housed in office space in downtown Houston will relocate to the Stafford site.
“We are excited about the formation of our new growth-focused technology group, which will augment our existing R&D efforts by exploring new products, new technologies and new market opportunities,” said Rich Myers, Executive Vice President, Technology for Momentive. “We also are pleased to be able to continue to grow and invest here in Stafford, which is becoming an increasingly important location for us.”
Momentive began operations at its Stafford center, located at 12650 Directors Drive, in 2007. Since then the company has consolidated some of its North American chemical research there, as well as its epoxy specialties North American business operations. The move of additional personnel from downtown Houston will further expand the center’s operations to include epoxy business, marketing, finance, and supply chain functions.
About Momentive Specialty Chemicals Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals is the global leader in thermoset resins. Momentive serves global industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information is available at www.momentive.com.
About the new Momentive
Momentive Performance Materials Holdings LLC is the ultimate parent company of Momentive Specialty Chemicals Inc. and Momentive Performance Materials Inc. (collectively, the “new Momentive”). The new Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. The company uses its technology portfolio to deliver tailored solutions to meet the diverse needs of its customers around the world. The new Momentive was formed in 2010 through the combination of entities that own Momentive Performance Materials and Hexion Specialty Chemicals. The company is controlled by investment funds affiliated with Apollo Global Management, LLC.
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