USA:Silicone supplier Dow Corning Q2 sales up 18%

Michigan based chemical maker Dow Corning Corp reported consolidated net income of $154.2 million for the second quarter of 2005 and $290.1 million for the first half of 2005. Corresponding amounts last year were $35.7 million and $87.9 million.

Second quarter 2005 sales were $1,007.1 million, 18 percent higher than sales of $851.9 million in last year’s second quarter. First half 2005 sales were $1.99 billion, up 19 percent compared with sales of $1.67 billion in the same period last year.

“Second-quarter sales and earnings reflected growth across the geographies and industries they serve,” said Dow Corning’s Vice President for planning and finance and chief financial officer J. Donald Sheets. “The high performance specialty chemicals and focused services continue to meet the needs of their customers in industries such as life sciences, electronics, semiconductor, and solar energy.”

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Dow Corning provides performance-enhancing solutions to serve the diverse needs of more than 20,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning’s annual sales are outside the United States.

Dow Corning was established in 1943 specifically to explore the potential of silicones. Silicone process aids and surfactants used in fabric, leather finishes and nonwovens.

Currently, Dow Corning provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicon-based technology and innovation, offering more than 7,000 products and services, Dow Corning is equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning’s annual sales are outside the United States.