IHS Chemical Week

People & Business :: Earnings/Finance

Dow Corning Profits Fall 36%

9:54 AM MDT | July 31, 2012 | Rebecca Coons

Dow Corning, a 50/50 joint venture between Corning and Dow Chemical, says depressed polysilicon prices and economic volatility in Europe were to blame for a deep decline in second quarter earnings. The company posted net income of $121 million, down 36% from the year-ago quarter, on sales 6% lower, at $1.57 billion. “The first half of 2012 presented significant challenges as oversupply in both the silicone and polycrystalline silicon industries, combined with high raw material costs, continued to impact our performance,” says executive v.p. and CFO J...

This information is only available to Chemical Week subscribers.

Username:
Password:

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 © 2014 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