Craig O Morrison, Chairman and CEO, Momentive.
BANGALORE, INDIA: Momentive Performance Materials Holdings LLC announced that its subsidiaries, Momentive Performance Materials and Momentive Specialty Chemicals, will open a new regional business headquarters and Global research and development centre (R&D) in Bangalore, India. Completion of the centre, already under construction, is anticipated for the first quarter of 2012.
The new facility will be located on a 2-acre plot, will house 125 associates. Research scientists based at the facility will work on new technology platforms and product development for new and existing applications in diverse industry segments including personal care, energy, healthcare, electronics, automotive, and construction.
“This new regional headquarter and research centre represents an important step in our continuing investment in India and demonstrates our commitment to customers in the region. India’s techinical talent, growing demand for new applications and strong regional growth opportunities make this a compelling investment opportunity to fuel growth,” said Craig O Morrison, Chairman and CEO, Momentive.
Momentive currently has its regional headquarters in Bangalore and manufacturing and warehousing operations in Chennai. “We are excited that we will be able to provide a world class facility for our scientists here in Bangalore. They are driving tremendous value for our customers through product innovation and new advanced technology platforms and this new centre will help us attract top talent,” said Dr Eric Thaler, CTO, Momentive Performance Materials.
“Momentive will carry forward its legacy of continuing to grow, expand and invest in India to support our customers,” said V P Nalian, Managing Director for India, Momentive.
(C) WOC News