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Dow Corning

 
Hoover's Profile: Dow Corning Corporation
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Contact Information
Dow Corning Corporation
2200 W. Salzburg Rd.
Midland, MI 48640-8531
MI Tel. 989-496-4000
Fax 989-496-4393

Type: Joint Venture
On the web: http://www.dowcorning.com
 Employees: 10,000
Employee growth: 11.1%

Dow Corning knows about cooperation. The company began as a joint venture of chemical titan Dow and glass giant Corning in 1943 and ranks among the longest lasting partnerships of its kind in the US. Dow Corning produces more than 7,000 silicone-based products such as adhesives, insulating materials, and lubricants for aerospace, automotive, and electrical uses. Because silicone does not conduct electricity, it is also used in its hard polycrystalline form (silicon) as the material on which semiconductors are built. Its products are also used in the production of photovoltaic cells used to produce solar energy. With plants worldwide, the company sells more than half of its products outside the US.

Key numbers for fiscal year ending December, 2007:
Sales: $4,940.0M
One year growth: 12.5%

Officers:
Chairman, President, and CEO: Stephanie A. Burns
VP and Executive Director, Manufacturing, Engineering, and Global Operations: James R. Whitlock
VP and CFO; President, Americas Area: Joseph D. (Don) Sheets

Competitors:
3M
Bayer MaterialScience
Formosa Plastics

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Wikipedia: Dow Corning
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Dow Corning Corp.
Type Joint Venture
Founded 1943
Headquarters Midland, Michigan
Key people Stephanie A. Burns, CEO & President
Industry Manufacturing
Products Speciality Chemicals, silicon derived polymers
Revenue $4.94 billion(2007)
Employees 8800
Website www.dowcorning.com

Dow Corning is a multinational corporation headquartered in Midland, Michigan, USA. Dow Corning specializes in silicon and silicone-based technology, offering more than 7,000 products and services. Dow Corning is equally owned by The Dow Chemical Company and Corning, Inc., (formerly Corning Glass Works).

Contents

Products

Products developed over the years include silicone sealants, adhesives, silicone mold-making rubbers, lubricants, release agents for cookware, sound-absorbing silicone, leather treatment, skin care lotion, preceramic polymers for high temperature applications, liquid silicone drycleaning solvent, and silicone waxes.

History

In 1942 moisture in aircraft engines and the formation of corona discharge from aircraft electrical systems at high altitudes made high-altitude flight all but impossible. Dr. Shailer Bass developed Dow Corning's first product, a simple silicone grease (Dow Corning #4 Compound) that solved the problem. Dow Corning was formally established in 1943 specifically to explore the potential of silicones. Dr. E.C. Sullivan was named president and Dr. William R. Collings was named general manager in 1943. Dr. Collings later became president from 1954 until 1962.

A large, majority-owned subsidiary of Dow Corning Corporation is the Hemlock Semiconductor Corporation. Founded in the 1960s before the computer revolution, it is still one of the world's leading manufacturers of high-purity polycrystalline silicon which is sold in varying purity grades for use in both semiconductor silicon wafer manufacture and photovoltaics applications as solar cells.

Breast implant controversy

Throughout the 1980s and 1990s, class-action lawsuits claimed that Dow Corning's silicone breast implants caused systemic health problems. The claims first centered around breast cancer, and then migrated to a range of autoimmune diseases, including lupus, rheumatoid arthritis and various neurological problems. This led to numerous lawsuits beginning in 1984 and culminating in a 1998 multi-billion dollar class action settlement. As a result, Dow Corning was in bankruptcy protection for nine years, ending in June 2004.

A number of large, independent reviews of the scientific literature, including the U.S. Institute of Medicine, have subsequently found that silicone breast implants do not appear to cause breast cancers or any identifiable systemic disease.[1][2] [3]

References

  1. ^ "Panel Confirms No Major Illness Tied to Implants" (June 21, 1999), The New York Times
  2. ^ Chronology of silicone breast implants. Frontline
  3. ^ Colas, André; Curtis, Jim (2004). Biomaterials Science, Second Edition: An Introduction to Materials in Medicine. Elsevier, Academic Press. ISBN 978-0125824637. 

See also

External links


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