Momeritive looks to specialty segment for future growth

摘要

WATERFORD,N.Y.-Momentive Performance Materials Inc.,which sees its future in specialty silicones,is selling off a consumer-facing portion of the business branded with a well-known name.The move ultimately will cost 300 jobs,but 700 jobs will remain at the New York manufacturing site.While selling the consumer sealants segment to Henkel A.G.& Co.K.G.,the Waterford-based company also plans to invest $15 million into its specialties business.Momentive will continue to manufacture these consumer products through the end of next year as production shifts to Henkel."The move away from consumer sealants will enable greater focus on unique silicones and specialty applications where ability to win,"the company said in a statement.