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Dow Corning launches website

Dow Corning Corp., one of the world“s biggest makers of silicone products, launched a new Internet trading platform for selling to bulk clients in the first week of February in a move it said would r…

Dow Corning Corp., one of the world“s biggest makers of silicone products, launched a new Internet trading platform for selling to bulk clients in the first week of February in a move it said would revolutionize the market. Dow Corning – a joint venture between chemical maker Dow Chemical Co. and glass producer Corning, Inc. – said the new business, Xiameter, would allow clients to keep purchasing costs to a minimum through increased automation. Xiameter, however, would not offer extra services such as research and intellectual property management. Dow Corning has invested around US$ 450 million in expanding its global manufacturing capacity, information technology systems and new business processes to establish the foundations of the new venture and to improve its core business. It said the launch of Xiameter would allow it to take full advantage of that investment. The firm reported a fourth-quarter net loss in early February, pulled lower by the global economic downturn and restructuring expenses from job cuts. It is now operating under bankruptcy protection after thousands of women sued the company, alleging injuries from the company“s silicone-based breast implants.

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