Momentive is organized into two operating companies, Momentive Specialty Chemicals Inc. and Momentive Performance Materials Inc., which maintain separate capital structures and publicly report their results. The company serves its customers through three operating divisions: Silicones and Quartz Division Epoxy, Phenolic and Coating Resins Division Forest Products Division Momentive Performance Materials Inc. manufactures silicone, silicone based derivatives, quartz, ceramics and other specialty materials for diverse industrial applications. In 2009, the company had sales close to $2 billion, of which more than 90% were in silicones and derivatives segment. As of 2010, Momentive is the second-largest producer of silicones in the world. Its close competition are Dow Corning and Wacker Chemie. Momentive Performance Material's world headquarters is located in Waterford, New York, Momentive Specialty Chemicals Inc. makes thermoset resins used by a wide range of industries including construction, transportation, electronics, automotive and others. Products include acrylic monomers, amino resins, epoxy resins, phenolic resins, polyester resins, versatic acid and derviatives.