Momentive profits plummet 60%, but quartz sales up
Published: Thursday, 10 November 2011
US producer hit by economic volatility and high raw material processing costs
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