According to Dow Corning, the company witnessed a “significant” growth in its silicone segment, despite the currency headwind.
The growth was driven especially by materials sold in electronics, packaging, high-performance building and healthcare applications.
The stronger US dollar accounted for a nearly 6-percent revenue decrease in the silicones segment in second quarter.
“Dow Corning continues to advance on our strategy to increase profitability, especially in our silicones segment,” said executive vice president and CFO, Donald Sheets, in a statement.
He added that the company was focusing on differentiated and innovative materials in the silicones business.
Dow Corning's first half results continued to be impacted by fewer polysilicon shipments to long-term contract customers.