Dow Corning reports sales and profits for second quarter of 2010
Dow Corning reported record sales of $1.54 billion in the second quarter of 2010, 30 percent higher than sales of $1.19 billion in the same quarter of 2009. Sales in the first half of 2010 were $2.90 billion, 31 percent higher than sales of $2.22 billion reported in the first half of 2009.
“Dow Corning’s second quarter sales marked a record for the company as we continue to put the global recession behind us,” said Dow Corning’s Executive Vice President and Chief Financial Officer J. Donald Sheets.
“Demand for Dow Corning’s silicones products strengthened over the previous quarter with outstanding growth in Latin America and Asia. Dow Corning’s Hemlock Semiconductor Group saw increased sales from new manufacturing capacity that began to come on line in the second quarter.”
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