TOLEDO, Ohio, September 13, 2010 /PRNewswire/ -- Owens Corning
(NYSE: OC), a leading global producer of glass fiber reinforcements
for composite systems and residential and commercial building
materials, today announced a decision to divest its fiberglass
reinforcements plant in Capivari, Brazil. The Company has determined that
divestiture of the Capivari facility at this time will facilitate
long term planning given the uncertainty of the resolution of the
Company's ongoing negotiations with the Brazilian competition
authority regarding the Capivari site.
Interested parties should contact Harry
Shaw, VP, Corporate Development, at +1-419-248-6558 or
Harry.Shaw@owenscorning.com.
About Owens Corning
Owens Corning is a leading global producer of glass fiber
reinforcements and engineered materials for composite systems and
residential and commercial building materials. A Fortune 500
company for 56 consecutive years, Owens Corning is committed to
driving sustainability through delivering solutions, transforming
markets and enhancing lives. Founded in 1938, Owens Corning had
sales of US$4.8 billion in 2009 and
about 16,000 employees in 28 countries on five continents. OCV(TM)
Reinforcements, OCV(TM) Technical Fabrics and OCV(TM) Non-Woven
Technologies are the three main business units that make up the
Owens Corning Composite Solutions Business. The business delivers a
broad range of reinforcement products that provide lightweight
alternatives to steel, wood and aluminum, thereby reducing weight
and improving energy efficiency. Additional information is
available at http://www.owenscorning.com.