By: ICN Bureau
Last updated : March 06, 2018 8:18 pm
The company will invest approximately $30 million to expand its NXT silane manufacturing capacity at Leverkusen.
Momentive Performance Materials announced a strategic expansion of its Leverkusen, Germany site as part of its global initiative to expand production capabilities serving the automotive markets. The Company will invest approximately $30 million to expand its NXT silane manufacturing capacity at Leverkusen. This expansion will enhance our capability for meeting the growing demand for innovative products that help global tire producers improve product performance. The NXT silane manufacturing facility is expected to begin production in late 2017.
The expanded capacity will enable us to better serve our customers as Momentive continues to make strategic capital investments in our specialty technologies,” said Jack Boss, President and CEO. “The project in Leverkusen is well aligned with our targeted growth plans in the global automotive industry and is a key component of our ability to offer a comprehensive portfolio of specialty products. The Leverkusen site will make locally-produced NXT silane material available in Europe for the first time. The strategic location, proximity to key customers, and a dedicated workforce expected to grow as a result of the expansion make Leverkusen the ideal choice after carefully considering other sites within the Momentive network.”