IHS Chemical Week

World News and Views :: Top of the News

Dow Corning Reports Profits Down 61% on Pricing Pressures, Raw Material Costs

10:24 AM MDT | May 1, 2012 | Kara Sissell

Dow Corning reported first quarter 2012 net income down 61% from the year-ago quarter, to $71 million, due to pricing pressures and high raw material costs. Sales fell 4%, to $1.52 billion. “As expected, this was a difficult quarter due to oversupply in both the silicone and polycrystalline silicon industries combined with rising raw materials and energy costs,” says Dow Corning executive v.p. and CFO Donald Sheets. Global demand for silicon products is rising, but the sector is struggling with significant pricing pressure, he says. The...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Risk Free Trial

Email Address

First Name

Last Name

Click here to register and get your RISK-FREE access to chemweek.com

Not an IHS Chemical Week
24/7 member yet?

Here's why you should be:

  • Searchable online archive access of the last 2 years of Chemical Week.
  • Print or digital magazine subscription
  • Price and market change alerts
  • Economic data and statistics
  • Buyers' Guides
  • Webcasts | whitepapers




contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa