WATERFORD, N.Y.—Momentive Performance Materials will relocate its global headquarters from Waterford to Niskayuna, N.Y., allowing the high-performance silicone manufacturing company to remain in the metropolitan area of Albany.
In addition, Momentive will build a research and development center at the Niskayuna campus, located on Balltown Road at the former SI Group facility in the Capital Region.
Momentive announced the move and planned research center July 1. About 200 corporate and R&D employees will be transferred to the site once it's complete, Momentive said.
"Moving forward with another step in our previously announced Waterford transformation, we are committed to maintaining a strong presence in the Capital Region and expanding our regional presence," Momentive President and CEO Sam Conzone said in a statement. "This move provides an opportunity for Momentive to upgrade and expand our R&D/technology labs to a state-of-the-art building and co-locate our teams."
The corporate staff will be the first to move in, expected this fall. The research team will move in when the center is complete, set for some time in 2024.
Momentive's manufacturing operations in Waterford will remain.
"Momentive is a global leader in advanced materials and after an extensive search the company has selected Schenectady County for its new corporate headquarters," said Anthony Jasenski, chairman of the Schenectady County Legislature. "We thank Momentive for giving us the opportunity to host their new headquarters and R&D facility. We also thank our economic development team led by Metroplex for their focused efforts that helped us bring this new employer to our county."
Momentive, with $6.5 billion in sales in 2021, serves the agriculture, automotive, aerospace, electronics, personal care, consumer products, and building and construction industries, among others.