Owens Corning Earns Innovation Grant from Mexico's National Counsel of Science and Technology
June 04 2008 - 3:39PM
PR Newswire (US)
TOLEDO, Ohio, June 4 /PRNewswire-FirstCall/ -- Owens Corning
(NYSE:OC) today announced that it received a grant from Mexico's
National Counsel of Science and Technology to continue to innovate
new ways to insulate concrete housing structures. Owens Corning
received one of 15 grants that were awarded as part of a program to
help Mexico remain competitive through innovation. "This grant
recognizes Owens Corning as a technology leader," said Salvador
Valtierra, director of innovation for Latin America. "We are
working to apply the company's insulation expertise to the
development of insulating solutions to typical Mexican concrete
housing construction. New and existing housing in Mexico is rarely
insulated, providing a significant market opportunity for Owens
Corning." The focus of this grant is to increase the energy
efficiency and comfort of low-income concrete homes in Monterrey,
Mexico, which has an extreme climate. Small and inexpensive houses
are commonly made by pouring concrete into molds, a quick
construction method with little thermal efficiency. 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 Web site: http://www.owenscorning.com/
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