Momentive Performance Materials Group (Momentive; Niskayuna, N.Y.) and Jiangxi Hungpai Material Co., Ltd. (Hungpai), a silicon-based research and manufacturing leader in China, announced the signing of a definitive agreement to establish a joint venture (JV) focused on the manufacturing, promotion, and sale of silanes in Asia.
This strategic partnership combines Momentive’s global expertise with Hungpai’s manufacturing capabilities of silane products, including Organofunctional silanes, to better serve the growing Asia Pacific market.
“This joint venture represents a significant milestone for our ‘in region for region’ strategy,” said VP Nalian, President & General Manager of Momentive’s Performance Additives business. “By partnering with Hungpai, a market leader in Sulfur silanes globally, we are positioning ourselves to better serve our Asian customers with enhanced speed and high-quality products.”
“We wholeheartedly value this collaboration and are excited about the promising opportunities it brings for our future partnership” said Benny Chi, Chairman of Jiangxi Hungpai New Material Co., Ltd. “This collaboration leverages the complementary strengths of both organizations, combining Momentive’s global footprint and customer relationships with Hungpai’s manufacturing excellence.”
The transaction is subject to customary closing conditions and regulatory approvals. Further details of the agreement were not disclosed.