People & Business :: Companies
Momentive Performance Materials' Loss Widens on Lower Prices
10:45 AM MDT | August 7, 2012 | Vincent Valk
Momentive Performance Materials reported a second-quarter loss of $88 million—compared to $11 million in the year-ago period—on pricing declines, a lower-margin product mix, and a small volume decline. Net sales fell 14% year-on-year (YOY), to $627 million. “Our results ... were impacted on a year-over-year basis by softer volumes and a negative mix as we experienced lower sales of some of our higher-margin products serving the electronics, semiconductor, and commercial construction markets. We also experienced softer market...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee