IHS Chemical Week

Momentive sales decline on soft silicones and epoxy resins demand

11:55 AM MST | November 13, 2012

Momentive Performance Materials and Momentive Specialty Chemicals, the thermoset resins business of Momentive, both reported drops in sales for the third quarter 2012. Momentive Performance Materials's third-quarter loss widened to $81 million, compared with a loss of $32 million in the year-ago quarter, reflecing margin compression in certain product lines and a product mix shift due to declines in certain higher-margin products, the company says. Sales were down 12% year-on-year (YOY), to $571 million due to a decrease in volume and price. “Our third quarter...

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