Momentive Posts Losses on Lower Volumes and Margins

Momentive Specialty Chemicals, the thermoset resins operations of Momentive Performance Materials Holdings (Momentive), reported a first-quarter net loss of $16 million, compared to net income of $63 million in the year-ago quarter. Sales were down nearly 4%, to $1.24 billion. Results were affected by lower volumes and an unfavorable product mix due to declines in certain higher-margin products.   “While we experienced lower volumes in the first quarter of 2012 compared to the prior year period, we were encouraged by improvement in our base epoxy...

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