Owens Corning to Invest in the Growth of North American Glass Fiber Reinforcement Industry
April 21 2008 - 12:00PM
PR Newswire (US)
TOLEDO, Ohio, April 21 /PRNewswire-FirstCall/ -- Owens Corning
(NYSE:OC) today announced plans to further invest in the composite
materials industry in the Americas by expanding glass fiber
reinforcement capacity at its Amarillo, Texas, facility in 2008.
The expansion will increase the company's ability to meet market
demand in North America for Advantex(R) single-end roving products
-- highly engineered composite materials for multiple
high-performance applications. "Our OCV Reinforcements division is
investing in the future of the North American composites industry
so that we can meet the growing market demand for glass fiber
reinforcement products," said Chuck Dana, president of Composite
Solutions. "This expansion will ensure the local supply of Owens
Corning Advantex(R) single-end roving products for our customers in
the Americas, while improving manufacturing productivity." The
expansion of the Amarillo, Texas, facility will increase its
capacity to produce single-end roving products by about 40 percent.
Advantex(R) single-end roving products provide superior performance
over standard "E" glass, the most-used glass for reinforcements, in
highly corrosive applications like pipes, tanks, grating, cooling
towers, and others servicing the energy, mining, infrastructure,
and industrial end-use markets. About Owens Corning Owens Corning
(NYSE:OC) is a leading global producer of residential and
commercial building materials, glass fiber reinforcements and
engineered materials for composite systems. A Fortune 500 company
for 54 consecutive years, Owens Corning is committed to driving
sustainability through delivering solutions, transforming markets
and enhancing lives. Founded in 1938, Owens Corning is a
market-leading innovator of glass fiber technology with sales of $5
billion in 2007 and 19,000 employees in 26 countries on five
continents. Additional information is available at
http://www.owenscorning.com/ . DATASOURCE: Owens Corning CONTACT:
Media, Jason Saragian, +1-419-248-8987, Investors, Scott Deitz,
+1-419-248-8935, both of Owens Corning Web site:
http://www.owenscorning.com/ Company News On-Call:
http://www.prnewswire.com/comp/677350.html
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