Dow Corning provides around 7,000 silicon-based products and services such as adhesive/sealants, insulating materials, emulsions, silicone rubber for the use in industries such as automotive, cosmetics, and aerospace. It is equally owned by Dow Chemical and Corning. The company has around 9,000 employees and 2010 sales of $6bn.
It has also formed strategic alliances to develop the next generation of products, including photonic crystal technology for optical communications devices, silicone resin formulations for defence applications, and advances using nanotechnology.
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Dow Corning was established in 1943 specifically to explore the potential of silicones. It was created as a joint venture between Corning Glass Works (now Corning Incorporated) and Dow Chemical.
The company is divided into the following business sectors:
Aviation and aerospace;
Beauty and personal care;
Food and beverage;
Household and cleaning;
Industrial assembly and maintenance;
Oil and gas;
Paints and inks;
Power and utilities;
Pulp and paper;
Textiles and leather.
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Dow Corning will remain focussed on its commitment to invest in new innovations and solutions for the future. Based on its strategy of sustainability it will continue to look at business opportunities and prioritise what it believes will improve the quality of people’s lives. ICIS also provides you with key financial data listed in table form.
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