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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:22 EDTGLW, DOWCorning sees Dow Corning FY14 net income up 20%-30% y-o-y
James B. Flaws, vice chairman and CFO, pointed out that Dow Corning Corporation, of which Corning is a 50% equity owner, remains the global leader of specialty chemicals and retains a unique technology set and innovation portfolio. "We expect Dow Corning's silicone sales to improve on a year-over- year basis in the low-single digit level as the global economy improves. We anticipate Hemlock Semiconductor sales will increase by about 20%. Dow Corning's net income is expected to be up 20% to 30% year over year, driven by an improved cost basis."
News For GLW;DOW From The Last 14 Days
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June 30, 2015
07:38 EDTGLWCorning agrees to purchase pharmaceutical glass tubing business for EUR 196M
Corning announced that it has reached a definitive agreement with Gerresheimer AG to acquire its pharmaceutical glass tubing business for EUR 196M. The deal is expected to be completed by year-end, subject to customary closing conditions, including receipt of regulatory approvals.
June 23, 2015
08:31 EDTDOWSadara JV says on track for first production units to start up in 2015
Sadara Chemical Company is progressing on-budget and on-schedule in alignment with Dow’s strategy to enable cost-advantaged growth in fast-growing regions such as Asia Pacific, the Middle East, Africa, and Eastern and Central Europe. Sadara is a joint venture developed by The Dow Chemical Company and Saudi Arabian Oil Company. vSignificant progress has been made in starting up key infrastructure and utility systems. Overall construction of the manufacturing facility is now approximately 94% complete with 47,000 personnel on site in Jubail Industrial City II, Saudi Arabia. The commissioning and startup of key utilities infrastructure is underway and the process for first production units will begin in the second half of the year with initial polyethylene production beginning near the end of 2015. Full site operations remains on track for the end of 2016. Sadara’s 26 manufacturing assets are scheduled for a sequenced start-up process, beginning with the polyolefins envelope to maximize timing in the ethylene cycle, followed by ethylene oxide/propylene oxide and their derivatives, with the polyurethanes portfolio in the final phase. Customer excitement is increasing as Dow businesses actively prepare to market and sell the majority of products produced by Sadara Chemical Company via agreements with the joint venture, to support growth in key markets such as packaging, construction, electronics, furniture and bedding, automotive and transportation. Progress also continues as Dow works with its customers to attract downstream investments to the advanced manufacturing value park adjacent to Sadara, PlasChem Park, in support of a diversified Saudi economy and job growth in the region.

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