"Dow Corning reported sales of $1.51 billion in the third quarter of 2010, 7 percent higher than sales of $1.41 billion in the same quarter of 2009. Sales in the first three quarters of 2010 were $4.41 billion, 22 percent higher than sales of $3.62 billion reported in the first three quarters of 2009.
"Dow Corning continues to benefit from strong global demand for our silicon-based products," said Dow Corning's Executive Vice President and Chief Financial Officer J. Donald Sheets. "This has enabled us to sustain our success while continuing to invest for the future amidst this uncertain economic environment.
"We're seeing consistent growth in our silicones segment across all of the industries we serve, with notable strength in electronics, life sciences, solar and industrial applications. Dow Corning's polysilicon segment through our joint venture, Hemlock Semiconductor Group, continues to benefit from growing demand in the solar industry, enabling it to sell all of its production," said Sheets."