Maastricht, the Netherlands – Momentive's Tony Lanchak, vp urethane additives, announced the firm had seen a 5% to 6% top line growth in 2014.
Speaking on the sidelines of UTECH Europe 2015, Lanchak told UTECH-polyurethane.com that the company had "moved on from its Chapter 11 bankruptcy."
“Now our target is two times that top line growth over the next five years,” he added.
Momentive supplies silicone surfactants, amine catalysts and process modifiers to companies worldwide and Lanchak said the firm considers itself a “pioneer in the polyurethane foam additives market.”
“From furniture/bedding and automotive industries to construction and refrigeration applications, Niax additives continue to address increasing industry demands through market innovation, creative solutions and application expertise,” he said.
Speaking of the company’s strategy following its brush with bankruptcy, Lanchak said: “We’ve gone from taking a tactical approach to taking a strategic short term sustainable growth approach.
“Previously, the aim had been survival growth but now we are a $2.5bn company with $1.5bn debt and three times bigger than we were 20 years ago,” he added.
“We are not resting on our past, we are leveraging off that past.”
Lanchak said the company was focusing on reducing the cost of the products it supplies to the industry but without any effect upon their performance. Another focus has been employee safety, which forms part of the company’s new model because, said Lanchak, “each of us matters and it is a matter of keeping people safe.”
However, he said the company’s focus would be on energy conservation in rigid foam applications while keeping an eye out for new foam platforms in both rigid and flexible foam use. The improvement of the properties of foam – in particular for durability said Lanchack - was also a consideration for the firm.
The company also presented two technical papers at UTECH Europe. The first showcased the firm's development around its Niax product line and was presented by Gabriel Kiss. The paper, New Developments in Silicone Surfactants for High Resilience Slabstock Foams and charted the firm’s development of new generations of silicone surfactants for HR flexible slabstock foams.
A paper entitled Advances in New Additives for High Performance Rigid Foam Panels Produced by Continuous Lamination on Momentive’s development of families of new additives thermal insulation materials, was presented by the firms’ Pierre Chaffanjon.