# Momentive invests $15M in electronic materials production in Waterford, New York

Momentive Performance Materials announced a $15 million investment in advanced electronic materials production at its Waterford, New York site, part of a $40 million global investment. The new capabilities will be operational starting mid-2021.

- Type: Investment
- Announced: 2020-08-05
- Where: Waterford, New York, United States
- Value: $15.0M
- Starts operating: Jul 2021
- Status: announced
- Products: advanced electronic materials, silicone specialty products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Momentive Performance Materials](https://endata.com/companies/16660.md)

## Sources

- [momentive.com](https://www.momentive.com/en-us/news-events/momentive-performance-materials-announces-series-of-steps-to-accelerate-growth-in-specialty-chemicals), 2020-08-05: "This investment is a major step in advancing the uniqueness of Momentive's value, technologies and applications for customers around the world."
- [prnewswire.com](https://www.prnewswire.com/news-releases/momentive-performance-materials-announces-series-of-steps-to-accelerate-growth-in-specialty-chemicals-301106762.html), 2020-08-05: "Momentive announced a $15 million investment in Advanced Electronic Materials Production at the Waterford site to serve rapidly growing high-tech applications."
- [saratoga.com](https://www.saratoga.com/saratogabusinessjournal/2020/09/momentive-performance-materials-invests-15m-to-expand-work-at-waterford-plant/), 2020-09-14: "The $15 million investment we are making is really going to augment our capabilities and our capacities in one of our most exciting, fastest growing business—electronic materials."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.