Momentive announced that it will invest 13 million U.S. dollars (approximately 11 million euros) to expand its existing plant in Termoli, Italy, and build an advanced manufacturing center for its Niax polyurethane additives.
The plant currently produces high-performance additives and other silicon-based products for rigid foam applications, and will undergo a comprehensive technological upgrade to expand its services to the EU sheet foam industry.
The plant will serve customers in Europe, Russia and Turkey, and is expected to be fully operational by mid-2022. This investment is part of Momentive's broader plan to optimize its global production footprint. Accordingly, the silicone plant in Antwerp, Belgium ceased operations earlier this year and long-term production was transferred to the Italian plant.
Dr. Alberto Melle, Head of Polyurethane Sheet Additives Global Business Unit, said: "This investment expands our commitment to regional production and supply, which will help us better serve our customers-providing a high degree of flexibility and stability. High-quality products."
Momentive also recently established a new customer service support center in Milan. The transition from a third-party provider to the new center began in October.
VP Nalian, President and General Manager of Momentive's High Performance Additives Business Unit, added: "We are constantly seeking new ways to improve and increase our manufacturing capabilities and capacity to meet the growing needs of our customers. These investments keep us in a long-term The continued growth position enables us to continue to be an important supplier to European customers seeking a trusted source of additives."
In addition to the Termoli base, Momentive also provides services to the polyurethane foam industry through operations in the United States, Brazil, China and India.