Dow Corning Corporation has announced that its subsidiary Hemlock Semiconductor Group is selling all of the polysilicon it produces, and remains sold-out "for the foreseeable future".

The company made this statement in a release on financial results for the second quarter of 2011 on July 28th, 2011. In the report Dow Corning also noted pressure on its profits from rising raw materials and energy prices.

"While there has been some softening in the solar industry in 2011, we believe the solar industry will continue to grow at a rapid pace over the long-term as regions seek clean, renewable, domestically-generated sources of energy,” stated Dow Corning Executive Vice President and Chief Financial Officer J. Donald Sheets.

In the first half of 2011, Dow Corning realized sales of USD 1.67 billion, an 8% increase over the second quarter of 2010. The company also reported a net income of USD 191 million, a 14% decrease from the second quarter of 2010.

2011-08-01| Courtesy: Dow Corning Corporation; Image: Hemlock Semiconductor Group | solarserver.com © Heindl Server GmbH

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