Momentive returns to profits on improved demand
Published: Friday, 11 August 2017
Rising demand from automotive and electronics end markets drove higher sales, with cost savings leading to double-digit earnings growth.
US-headquartered Momentive Performance Materials Inc.
returned to profitability in the second quarter of 2017 after
suffering a net loss at this time last year, as several
speciality applications materials saw improved performance.
The coatings and sealants producer posted higher sales in
both its silicone and quartz divisions, with revenues