Dow Corning’s Earnings Slide but Sales Increase

摘要

Dow Corning reported third-quarter net income of $176 million, down 5% from the same period last year, on sales up 7%, to $1.51 billion. “We’re seeing consistent growth in our silicones segment across all of the industries we serve, with notable strength in electronics, life sciences, solar and industrial applications,” says J. Donald Sheets, Dow Corning’s executive v.p. and CFO. “Dow Corning’s polysilicon segment through our joint venture, Hemlock Semiconductor Group, continues to benefit from growing demand in the solar industry, enabling it to sell all of its production,” Sheets says. Looking forward, the company says that its new integrated siloxane plant at Zhangjiagang, China, which is expected to open during the fourth quarter, will drive further growth for its silicones segment.