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People & Business :: Earnings/Finance

Dow Corning swings to a fourth-quarter loss

9:10 AM MST | February 11, 2013 | Rebecca Coons

Dow Corning, a 50-50 joint venture between Dow Chemical and Corning, reported a net loss of $101 million for the quarter ended 31 December 2012 compared with a gain of $260 million in the year-ago period, as the company's Hemlock Semiconductor jv continued to be challenged by significant oversupply in polysilicon and the threat of potential tariffs on US polysilicon sold in China. Adjusted net income fell 10%, $69 million. Sales slipped 3%, to $1.48 billion. Fiscal-year results also reflected ongoing challenges in polysilicon. Net income for the year ended 31...

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