Momentive: USD 13 million investment in PU additives plant in Italy
On 10 November 2020, Momentive Performance Materials Inc. announced it will invest USD 13 million for the expansion of its existing Termoli, Italy, plant to create a state-of-the-art manufacturing hub for its Niax polyurethane additives. The site, which currently produces high performance additives for rigid foam applications among other silicone-based products, will undergo a comprehensive technology upgrade to expand services to the EU slabstock foam industry.
The modernised facility will supply customers in Europe, Russia and Turkey with full production ramp-up expected by the middle of 2022. Momentive said this investment is part of its broader plans to optimise its global manufacturing footprint, whereby a silicone plant in Antwerp, Belgium, ceased operations earlier this year with long-term manufacturing shifting to the Italy plant.
“This investment expands our commitment to in-region manufacturing and supply, which will help us to serve our customers even better – providing a high level of flexibility and consistent, high quality products,” said Dr. Alberto Melle´, Global Business Segment Leader for Polyurethane Slabstock Additives.
To further underscore its commitment to serving European customers within the region, Momentive recently established a new customer service support centre in Milan (Italy). The transition from a third-party supplier to the new centre began in October 2020 and will be completed by year’s end.
“We continually seek new ways to improve and enhance our production and manufacturing capabilities and capacity to meet the growing needs of our customers. These investments position us for long-term sustainable growth and enable us to remain a valued supplier to those European-based customers who are seeking a trusted source of additives,” added VP Nalian, President and General Manager for Momentive’s Performance Additives business unit.
In addition to the Termoli (Italy) site, Momentive serves the polyurethane foam industry through its Sistersville, WV, USA, Itatiba, Brazil, Nantong, China, and Chennai, India, operations.