PROFILE |
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Cosmetic surgery has caused major health problems at Dow Corning. A 50-50 joint venture of chemical titan Dow Chemical and glass giant Corning, Dow Corning is operating under bankruptcy protection as a result of thousands of claims by women alleging the company's silicone-gel breast implants harmed them. 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. With manufacturing plants worldwide, the company sells about 60% of its products outside the US.
COMPETITION |
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Minnesota Mining and Manufacturing Company (MMM)
BASF Aktiengesellschaft (BF)
Imperial Chemical Industries PLC (ICI)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 2,750.90
1-Yr. Sales Growth: 5.7%
Employees: 9,000
Revenue per employee: $305,655.56
KEY PEOPLE |
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Gary E. Anderson
CEO
Gifford E. Brown
CFO
CONTACT INFO |
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2200 W. Salzburg Rd.
Midland, MI 48686
US
Phone: 989-496-4000
Fax: 989-496-4393
Online: Web Site
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