TOLEDO, Ohio, March 22, 2011 /PRNewswire/ -- Owens Corning
(NYSE: OC), a leading global producer of glass fiber reinforcements
for composite systems and residential and commercial building
materials, announced today that it is investing in the construction
of a new furnace to expand production capacity at its Tlaxcala, Mexico, glass reinforcements
facility.
The expansion, which supports increasing global demand for glass
reinforcements, is the fourth production capacity increase
announced by the reinforcements division of the company in recent
months. Capacity increases were also recently announced in
Yuhang, China; Gous-Khroustalny,
Russia; and Besana, Italy.
Scheduled to begin construction this month, the new furnace is
expected to be operational in early 2012, at which time it will
more than double production capacity at the Tlaxcala facility. The expansion will
support increased production of Owens Corning's corrosion-resistant
Advantex® glass and will produce assembled roving and dry-use
chopped strands.
"The steady growth in demand for these products, coupled with
favorable pricing in the marketplace is driving a positive expected
return on the investment in our Tlaxcala facility," said Marcio Sandri, vice president and managing
director for the company's Americas reinforcement business. "We are
pleased to be able to support our customers' needs with this latest
expansion."
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 56 consecutive years, Owens Corning is
committed to driving sustainability by 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 2010 and
about 15,000 employees in 28 countries on five continents.
Additional information is available at www.owenscorning.com.
SOURCE Owens Corning