Momentive Loss Narrows During 2009

Momentive Performance Materials recorded a narrowed loss during the year ended December 31, 2009, the company announced today. Momentive's net loss totaled $41.8 million in 2009, compared to $997.1 million in 2008. Sales declined to $2.08 billion from $2.64 billion in 2008. The company recorded an operating income of $40.3 million, compared to an operating loss of $836.6 million in 2008, when an $857.5 million impairment charge dragged down results. Sales fell due to the recession, the company says. However, silicones segment sales increased sequentially after...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

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