Regional Headquarter R&D Facilities Momentives Builds Regional Headquarter and R&D Facilities in Bangalore, India
Momentive Perfomance Materials strengthens its presence on the Asian market: The speciality chemicals company announced plans to open a new regional business headquarter and research and development centre in Bangalore, India.
Bangalore/India – Momentive's subsidiary Momentive Performance Materials and Momentive Specialty Chemicals, who will be in charge of the site, published plans to build some 125 installations on a 2 acres lot of Bangalore's "Electronic City". There, the company wants to employ researches 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. The Bangalore facilities will also house Momentive's regional headquarters in India.
“This new regional headquarters and research centre represents an important step in our continuing investment in India and demonstrates our commitment to customers in the region,” said Craig O. Morrison, Momentive Chairman & CEO, who is in Bangalore for meeting with customers, governmental officials and the local Momentive team. “India’s world class technical talent, growing demand for new applications based on our products, and strong regional growth opportunities combine to make this a compelling investment opportunity to fuel and support growth.” Construction work is already underway. The completion of the centre is expected for the first quarter of 2012
Regional Headquarters Underline Momentive's Commitment to the Indian Market
While R&D researches and regional headquarters are based in Banagalore, Momentive has it's manufacturing and warehousing operations in Chennai, some 280 kilometres away. India represents one of the fastest-growing regions for Momentive, said Morrison, and is projected to be a key growth area for the company in the future.
Dr Eric Thaler, Chief Technology Officer for Momentive Performance Materials, said: "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 center will help us attract and retain the top talent needed to continue and accelerate these efforts.”
“Momentive will carry forward its legacy of continuing to grow, expand and invest in India to support our customers,” said V P Nalian, Momentive’s Managing Director for India. “We are excited about this new global centre as we believe that combining global technology with local fulfillment is the best way we can support our customers’ success.