Momentive Performance Materials Inc.
MPM Holdings Inc. is a holding company that conducts substantially all of its
business through its subsidiaries. Momentive’s wholly owned subsidiary,
MPM Intermediate Holdings Inc. (“Intermediate Holdings”), is a holding
company for its wholly owned subsidiary, Momentive Performance Materials Inc.
(“MPM”) and its subsidiaries.
As a result of MPM’s reorganization and emergence from Chapter 11 bankruptcy
on October 24, 2014 (the “Effective Date” or the “Emergence
Date”) (described below), Momentive became the indirect parent company
of MPM in accordance with MPM’s plan of reorganization (the “Plan”)
pursuant to MPM’s emergence from Chapter 11 bankruptcy on the Emergence
Date. Prior to its reorganization, MPM, through a series of intermediate holding
companies, was controlled by investment funds managed by affiliates of Apollo
Management Holdings, L.P. (together with Apollo Global Management, LLC and subsidiaries,
“Apollo”).
Momentive along with its subsidiaries is one of the world's largest producers
of silicones, silicone derivatives and functional silanes. Momentive is a global
leader in the development and manufacture of products derived from quartz and
specialty ceramics.
Our products are used in thousands of applications and are sold into diverse
markets, such as industrial, building and construction, transportation, agriculture,
electronics, healthcare, personal care, semiconductor and fiber optics. The
diversity of our products limits our dependence on any one market or end-use.
We have a history of product innovation and success in introducing new products
to new markets, as evidenced by more than 3,400 patents, the majority of which
relate to the development of new products and manufacturing processes.
We had 23 production sites strategically located around the world, which allows
us to produce the substantial majority of our key products locally in the Americas,
Europe and Asia. Through this network of production facilities, we serve more
than 4,000 customers between our Silicones and Quartz businesses in over 100
countries worldwide. We use our global platform to deliver products to companies
efficiently on a worldwide basis. Many of our customers are expanding internationally
to serve developing areas in Asia, Eastern Europe, Latin America, India and
Russia. Maintaining close proximity to our international customers allows us
to serve them more quickly and efficiently and thus build strong relationships.
Our customers include leading companies in their respective industries.
We believe that our scale and global reach provide significant efficiencies
in our fixed and variable cost structure and that our breadth of related products
provides significant operational, technological and commercial advantages. Manufacturing
capacity at our internal sites and our joint venture in China is sufficient
to produce the majority of one of our key intermediates, siloxane, which facilitates
a cost effective operating structure and security of supply.