Momentive Releases 2010 Corporate Sustainability Report
Reports on Momentive’s Progress across a Range of Safety, Environmental, Product Stewardship and Sustainability Efforts
COLUMBUS, Ohio – – The combined businesses Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. today announced the publication of The Science Behind a Sustainable Future, the company’s 2010 report regarding the collaborative initiatives of the combined Momentive enterprise in the areas of environmental protection, economic development and social responsibility for the benefit of current and future generations.
“Sustainability has been a focus in the heritage of our companies for many years, as we have strived to operate safely and efficiently, minimize environmental impact, introduce innovation using sustainable resources, reduce waste, and be a good employer and a good neighbor,” said Craig O. Morrison, Momentive’s Chairman and Chief Executive Officer. “We are taking a lead role in creating the science behind sustainable solutions. When you work with us, you are collaborating with a company that is focused on delivering value – and on doing it in a safe, ethical and environmentally responsible manner.”
Available at www.momentive.com, the 2010 sustainability report discusses how Momentive’s operating companies, Momentive Performance Materials and Momentive Specialty Chemicals, are leveraging their combined businesses to adopt best practices from each other and the rest of the industry, and rolling them out across Momentive’s new global enterprise. It broadens and updates three key areas – Environmental Health and Safety (EHS), products that support sustainable solutions and corporate social responsibility – which were benchmarked in Momentive Performance Materials Inc.’s 2009 annual sustainability report.
About Momentive Performance Materials Inc.
Momentive Performance Materials Inc. is a global leader in silicones and advanced materials, with a 70+ year heritage of being first to market with performance applications for major industries that support and improve everyday life. The Company delivers science-based solutions, by linking custom technology platforms to opportunities for customers. Momentive Performance Materials Inc. is an indirect wholly-owned subsidiary of Momentive Performance Materials Holdings LLC. Additional information is available at www.momentive.com.
About Momentive Specialty Chemicals Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. is the global leader in thermoset resins. Momentive Specialty Chemicals Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Momentive Specialty Chemicals Inc. is an indirect wholly owned subsidiary of Momentive Performance Materials Holdings LLC. Additional information is available at www.momentive.com.
About the New Momentive
Momentive Performance Materials Holdings LLC is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (collectively, the “new Momentive”). The new Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. The company uses its technology portfolio to deliver tailored solutions to meet the diverse needs of its customers around the world.
The new Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities and Exchange Commission. The new Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about the new Momentive and its products is available at www.momentive.com.
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