Owens Corning Announces Decision to Divest its Fiberglass Reinforcements Plant in Capivari, Brazil
September 13 2010 - 7:01AM
PR Newswire (Canada)
TOLEDO, Ohio, Sept. 13 /CNW/ -- 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
$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 www.owenscorning.com. TOLEDO, Ohio,
Sept. 13 /CNW/ -- Kerry Desberg, Owens Corning, +1-419-248-5939 Web
Site: http://www.owenscorning.com
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