Momentive profits plummet 60%, but quartz sales up

By Jack Elliott
Published: Thursday, 10 November 2011

US producer hit by economic volatility and high raw material processing costs

Momentive Performance Materials Inc.  saw its operating income fall to $27m for the third quarter of 2011, a 60% drop from $68m earned in the same period of 2010.

Net sales also fell from $662m to $653m, a decrease primarily caused by a decrease in sales volumes, partially offset...

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