Momentive to close silicone raw material plant

As part of a major corporate overhaul, the silicone maker Momentive Performance Materials plans to shut its basic chemicals plant in Waterford, New York, leaving Dow as the only US producer of the key raw materials needed to produce silicone fluids, sealants, and elastomers.
Momentive says the shutdown will take place over 2 years, eliminating roughly 300 of its 1,000 employees in the Waterford region. At the same time, Momentive says it will spend $15 million to expand production of silicones …

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