Momentive and Chennai based Anabond will jointly invest to develop, manufacture and market SPUR

Momentive (formerly GE Bayer Silicones) and Chennai based Anabond will jointly invest to develop, manufacture and market SPUR sealants for the Indian subcontinent

The agreement will allow Anabond to develop and manufacture SPUR+* sealants for the Sealant Market under license from Momentive

CHENNAI – JUNE 27, 2008 - Momentive Performance Materials and Anabond today announced their joint development agreement to develop and manufacture ‘SPUR Sealants’ in India. Utilizing Momentive’s research, development support and expertise of the SPUR+* pre-polymer Anabond will manufacture this product in their Chennai / Puducherry plant for serving the local markets.

This agreement allows Momentive and Anabond to jointly develop SPUR+ sealants and market them in the defined areas. Momentive will market this product in the construction segment and Anabond will market it in the automotive and electrical & electronics segment under license from Momentive. Other Areas not specified under this agreement are open to both the companies for marketing their products based on mutual understanding.

SPUR Sealant is a Hybrid that exhibits excellent properties in terms of Non-stain, non-bleed, paintable, high strength, primerless adhesion, Fast cure and Durable.

Speaking on this occasion Mr. VP Nalian, Managing Director, Momentive Performance Materials said “This development is a quantum leap in silicone sealants area, in this part of the world and is in line with Momentive India’s Vision of combining global technology with local application development, manufacturing and service to bring world class products and services in silicones to the Indian market. We believe Anabond is the right partner for this joint development agreement to develop ‘Spur Sealants in India.”

“Their expertise in the adhesive and sealants area namely in the automotive industry, combined with their manufacturing capabilities will help us develop high end ‘SPUR Sealant’ applications and bring this world class product to the Indian customers in a cost effective manner”. The partnership of Momentive and Anabond will see the launch of the ‘SPUR Sealants’ by the fourth quarter. The project will be led by Mr. K. Adhi Narayanan, Director on behalf of Anabond, and by Dr. Venkatesh Shingankuli - Director Technology and Application Development of Momentive.

During this period Momentive will provide all necessary technical inputs and support for any experiments / trials by extending their Application Development Facility (s) in India or overseas. They will also assist Anabond in developing formulation and process for the compounding of SPUR+ Sealants. Momentive will also provide production technology, supply of raw materials, packing materials and training to Anabond’s production team.

Speaking on the occasion, Mr. Vijay Kumar, Managing Director of Anabond India said “We are privileged to work with a global technology leader like Momentive with whom we have developed a relationship from a material supplier to a strategic partner. We are proud to be associated with them and look forward to have more such growth opportunities in the future.”

Media Contact Europe, Middle East & Africa
Robert Scheib
robert.scheib@momentive.com
+49 214 304 0532

Media Contact India
Satish Nair
satishv.nair@momentive.com
+91 982 014 5415

Media Contact Anabond
Mr. E Srinivasan
esanabond@airtelmail.in
+91 944 408 3690

Agency Media Contact Europe, Middle East, Africa & India
Brigitta de Vries
bdevries@emg.nl
+31 164 317 020

About Momentive Performance Materials
Momentive Performance Materials Inc. is a premier specialty materials company, providing high-technology materials solutions to the silicones, quartz and ceramics markets. The company, as a global leader with worldwide operations, has a robust product portfolio, an enduring tradition of service excellence, and industry-leading research and development capabilities. Momentive Performance Materials Inc. is controlled by an affiliate of Apollo Management, L.P. Additional information is available at www.momentive.com.

* SPUR+ is a trademark of Momentive Performance Materials Inc.

About Anabond
Anabond established in 1979, for the development and manufacture of Engineering Adhesives and Sealants. It is the first Indian company to manufacture Anaerobic Adhesives & Sealants, RTV Silicone Sealants and Single component epoxies. Anabond still remains to be the largest manufacturer and supplier of liquid gaskets for Indian automobile engine & transmission in India. The company serves the field of Automobile, Industrial, Coatings and OEM markets for replacements and maintenance. It also offers Engineering Services and Internet based solutions through its IT Subsidiary Anadocs IT Solutions. For further details, you may visit our website: www.anabond.com.

This release was published on openPR.