Headlines

Dow Corning Third Quarter Sales Up 10%

November 3, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Dow Corning Corp. recently announced sales of $4.91 billion and net income of $547 million through the first three quarters of 2011. Sales in the third quarter increased 10% compared to last year’s third quarter as demand continued to grow despite global economic volatility.

The company reported sales of $1.66 billion for the third quarter of 2011, an increase of 10% compared to $1.51 billion in last year’s third quarter. Net income was $177 million, 1% higher than last year’s third quarter income of $176 million.

Year-to-date sales were $4.91 billion, an 11% increase compared to $4.41 billion in the same period last year. Net income was $547 million, 11% lower than last year’s $615 million.

“While demand for Dow Corning’s silicone-based products continued to grow in the third quarter, the pace of growth slowed in many regions-notably in North America and Europe,” said J. Donald Sheets, executive vice president and chief financial officer. “Significant increases in raw materials and energy prices continue to challenge profit levels.”

For more information, visit www.dowcorning.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.

Podcasts

ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

THE MAGAZINE

Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe

THE ADHESIVES STORE

handbook-sealant-tech.gif
Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook_40px twitter_40  youtube_40pxlinkedin_40