Momentive Performance Materials Expands Korean Technology Center
WATERFORD, N.Y., March 25, 2013 – Momentive Performance Materials Inc. (MPM) announces today an expansion of its current technology center in Seoul, Korea, creating a global innovation center focused on the electronics industry. The expanded innovation center will combine existing technical labs with application development, research and development (R&D), testing and manufacturing operations.
The expanded Korea Technology Center (KTC) will be devoted to developing materials and solutions for display, light-emitting diode (LED) and organic light-emitting diode (OLED) applications. The center will strengthen MPM’s existing presence in the region and is expected to be complete in June 2013. Based in the Gasan Digital Complex, the center will be over 1500 square meters.
“By merging world-class technical talent and an arsenal of advanced equipment at the epicenter of the electronics industry, we hope to pioneer the ideas that will revolutionize the industry and transform everyday life,” says Ray Kolberg, Senior Vice President of Formulated Products, Momentive Performance Materials Inc. “And, by housing the KTC close to key customers for the industry, we will be able to offer customers faster response times, more opportunities for collaboration, and stronger growth programs, all critical to helping them be successful.”
To learn more about MPM’s innovative solutions for the electronics industry, visit Momentive.com.
About the Company
Momentive Performance Materials Inc. is a global leader in silicones and advanced materials, with a 70-year heritage of being first to market with performance applications for major industries that support and improve everyday life. The Company delivers science-based solutions by linking custom technology platforms to opportunities for customers. Momentive Performance Materials Inc. is an indirect wholly-owned subsidiary of Momentive Performance Materials Holdings LLC.
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. 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. Its technology portfolio delivers tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities and Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.