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US-based Momentive Performance Materials Holdings LLC (formerly GE Bayer Silicone), a speciality chemicals and materials company, announced that it will open a new regional business headquarters and a global research and development centre in Bangalore.
With $4-million investment, the facility will initially house 125 associates.
They will work on technology platforms and product development for new and existing applications across diverse industry segments.
The facility will also house its commercial and business support functions.
The company has its warehousing operations headquarters in Chennai into which it has invested $20 million.
Growth opportunities
“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.” said Mr Craig O. Morrison, Momentive Chairman and CEO.
Emphasising that the R&D centre here is not just for saving costs but for the quality of output, he said, “We're here because of the intellectual capital that is here, the market that is here.”
Dr Eric Thaler, Momentive's Chief Technology Officer, said that the scientists here are “driving tremendous value for our customers through product innovation and new advanced technology platforms, and this new centre will help us attract and retain the top talent needed to continue and accelerate these efforts.”
“We believe that combining global technology with local fulfilment is the best way we can support our customers' success,” Mr V. P. Naliaan, Managing Director for India, said.
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