Dow Corning's first-quarter sales, net income and adjusted net income after MoM decline.
First-quarter net sales of $ 1.52 billion, with $ 1.58 billion the previous quarter Zoudie 4%.
Last year, the demand slightly open, global prices lower.
Dow Corning's net income Zoudie 61%, 2011 net income was $ 178.7 million, net income of only $ 70.5 million this year.
According to Dow Corning executive vice president & deputy director, said the financial J.Donald Sheet, silicone and poly excessive supply of raw materials and energy prices as well as first-quarter situation is not optimistic, but because silicone raw material prices good, global demand continues to rise .
As prices fall, the market is over-supplied, 2012 Dow Corning capital gains in the first quarter fell to $ 169 million.
Because of its cost-competitive advantage in the field of silicone and polycrystalline silicon, the company can overcome the challenges brought about by the market over-supply.
Dow Corning will continue to focus on the development of new technologies, innovative product portfolio can greatly facilitate future profitable growth. Long-term cost advantage is a guarantee of success, the company hopes to achieve to reduce costs, improve plant operation efficiency.
