Momentive posts improved silicone, quartz earnings in Q2

By Davide Ghilotti
Published: Tuesday, 09 August 2016

Sales of silicone and quartz improved sequentially but slowed down on a year-on-year basis, as demand in Asia/Pacific decreased.

US silicone and quartz supplier Momentive Performance Material Holdings Inc. saw its revenue decline 3% in the second quarter of the year compared with Q2 2015, although sequentially turnover increased 9%.

Earnings for the company increased substantially on the back of ongoing costs reduction and changes in portfolio mix towards added-value products....

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