Momentive, a specialist silicone manufacturer, is moving its headquarters from Waterford to Niskayuna. The factory will remain in Waterford, however

WATERFORD – Momentive Performance Materials is moving its global headquarters to Niskayuna, at the former SI Group site on Balltown Road. Its large manufacturing plant on Route 4 will remain in Waterford.

Momentive manufactures specialty silicone products used in agriculture as well as automotive, aerospace, electronics, personal care, consumer products, construction and other industries. The move marks the first step in a plan to build a new R&D center, which will relocate approximately 200 business and technology employees to the Niskayuna site.

“Moving forward with another step in our previously announced transformation of Waterford, we are committed to maintaining a strong presence in the capital region and expanding our regional presence,” said the Chairman and Chief Executive Officer. of Momentive, Sam Conzone, in a statement. “This move provides Momentive with the opportunity to upgrade and expand our R&D/Technology labs in a state-of-the-art building and consolidate our teams.”

Although company staff may begin moving in fall 2022, R&D and technology teams will not move until construction of the proposed state-of-the-art lab is complete, which is expected. in 2024.

At the same time, SI Group will move 100 of its corporate employees to Mohawk Harbor, Schenectady’s waterfront development around the Rivers Casino and Resort.

SI Group, which manufactures a variety of chemicals and additives, will retain its 72-acre plant in Rotterdam Junction.

Metroplex, a taxpayer-funded development authority that focuses on downtown Schenectady, is giving Momentive $750,000 to help fund the move.

Schenectady County Legislative Speaker Anthony Jasenski said the county is grateful for Momentive’s move and the role Metroplex played in attracting the seat. Metroplex President Ray Gillen said his economic development team has worked hard to fill the more than 120,000 square feet of office and lab space at Niskayuna.

The move was first reported in The Daily Gazette.

Momentive will be close to other R&D centers, including that of General Electric and the Knolls Atomic Power Lab, which focuses on nuclear propulsion for warships. Momentive was a division of GE until 2006 when the plant changed hands. It is now owned by MOM Holding Company. SI, which began life as a local polish manufacturer in 1906, was sold in 2018 to SK Capital Partners.

[email protected] 518 248 6070 @RickKarlinTU

Virginia C. Taylor