Dow Corning Corp.
Both Midland-based Dow Corning Corp. and Rofin-Sinar Technologies Inc. of Plymouth reported earnings this week for the quarter ended Dec. 31.
Dow Corning Corp. Friday announced sales of $1.43 billion and net income of $117.4 million for the third quarter of 2013. A year ago, the company posted sales of $1.55 billion and net income of $96.6 million.
Hemlock Semiconductor Group announced Monday it will lay off about 400 employees in Michigan and Tennessee in the coming weeks in response to significant oversupply in the polysilicon industry and the threat of potential tariffs on its products sold into China.
Dow Corning Corp. said Wednesday that it will lay off 500 employees, mostly in the professional ranks of the company.
Dow Corning Corp. said Monday that its encapsulants will be used in a 15-kilowatt pilot project to install rooftop solar photovoltaic panels at Seowon University in Chungju, South Korea. LG Electronics will provide the solar modules.
Dow Corning Corp. has begun production of high-purity monosilane gas – a key material used as an anti-reflective solar cell coating and as a feedstock for photovoltaics.
Saginaw Future Inc., the economic development agency for Saginaw County, reported investments totaling nearly $26 million in the second quarter. The investments will create 52 jobs and retain another 62 jobs.