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. Friday announced net income of $97 million for the third quarter ended Sept. 30, down 45 percent from $177 million in the same quarter a year earlier. Revenue for the quarter was $1.55 billion, down 7 percnet from $1.66 billion a year earlier.
Midland-based Dow Corning Corp. Thursday reported net income of $191 million in the second quarter ended June 30, down 14 percnet from $221 million a year earlier. Revenue was $1.67 billion, up 8 percent from $1.54 billion a year earlier.
Midland-based Dow Corning Corp. has entered into an agreement to acquire a 49 percent ownership interest in Timminco Limited’s silicon metal manufacturing facility in Bécancour, Quebec, in a transaction valued at $39.7 million.