Recession is behind us says cfo
Dow Corning has reported record sales for the second quarter of 2010 jumping 30% on the previous year’s results to $1.54bn. Sales in the first half were put at $2.90bn, 31% higher than sales 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 executive vp and cfo, J Donald Sheets. “Demand for Dow Corning’s silicones products strengthened over the previous quarter with outstanding growth in Latin America and Asia.”
Consolidated net income for the second quarter increased 91% to $220.7m, while for the first half it was put at $439m, an increase of 252% on the previous year.