- Momentive invests $30 million in a new NXT silane manufacturing facility in Leverkusen.
- The facility will expand production capabilities for the automotive industry.
- NXT silane products help reduce automotive fuel consumption and CO2 emissions.
- Previously produced only in the US, NXT silane will now be locally produced in Europe.
Investment and Expansion
Momentive Performance Materials Inc. has commenced construction on a new manufacturing facility in Leverkusen, Germany, with an investment of approximately $30 million (€28 million). This facility is part of Momentive's global strategy to enhance production capabilities for the automotive industry.
Strategic Location
The new facility will be integrated with Momentive's existing operations in Leverkusen and will be the first in Europe to produce NXT silane locally. The strategic location offers proximity to key customers and a dedicated workforce, making it an ideal choice for expansion.
Product Benefits
NXT silane products are crucial for developing low rolling resistance tires, which help improve fuel economy and reduce carbon dioxide emissions. These products are increasingly sought after by automakers and consumers aiming to reduce fuel consumption.
Global Supply Chain
Previously, NXT silane was only produced in the US and exported to Europe. The new Leverkusen facility, along with the recent acquisition of Sea Lion Technology, Inc.'s operating assets, will significantly improve the global supply reliability of NXT silane for tire manufacturers.
