# Hongbai New Materials and Momentive sign LOI for silane products JV in China

Hongbai New Materials (605366.SH) signed a letter of intent with Momentive Performance Materials Inc. to form a joint venture in China to produce and sell certain silane products and key intermediates. The JV is valued at approximately RMB 1.137 billion, with Hongbai holding 51% and Momentive 49%.

- Type: Partnership
- Announced: 2024-08-20
- Where: China
- Value: $158.0M (1.14B CNY)
- Status: announced
- Products: silane products, key intermediates and raw materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Momentive Performance Materials](https://endata.com/companies/16660.md) (partner)
- [Hongbai New Materials](https://endata.com/companies/79264.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1166946.html), 2024-08-20: "双方有意进行一项业务合作，共同生产和销售某些硅烷产品，包括生产和销售该等产品所需的关键中间体和原材料。"

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