Dow Corning Sales Up 18% in 2010

Feb. 4, 2011
Electronics, life sciences, solar and industrial applications were all growth areas for company

Dow Corning Corp. announced on Feb. 4 sales of $6 billion in 2010, which was an increase of 18% from 2009.

Net income was a record $866 million, an increase of 45% from last year.

Fourth quarter sales were $1.58 billion, 7% higher than last year.

"Dow Corning's silicones business continued to grow, especially in electronics, life sciences, solar and industrial applications. Our polycrystalline silicon business through Hemlock Semiconductor Group had another solid year as new capacity came online in 2010. The expansion activities at Hemlock Semiconductor's Michigan and Tennessee facilities continue and are expected to be completed as scheduled," said CFO J. Donald Sheets.

However the CFO anticipates some issues in 2011. "As the global economy continues to recover, rising raw material and energy prices will present us with some additional challenges in 2011."

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