LIBBEY-OWENS-FORD AWARDED OVER $700 MILLION IN FUTURE MODEL
VALUE-ADDED GLASS BUSINESS
TOLEDO, Ohio, April 20 /PRNewswire/ -- Libbey-Owens-Ford Company (LOF), a member of the Pilkington Group, has been awarded a long-term contract, valued at over $700 million, by General Motors (NYSE: GM) for added value automotive glass products in the next generation of GM vehicles.
Rodney Stansfield, President and CEO of LOF, said some of the new models will launch as early as the 1998 model year and all represent GM's next generation of passenger cars and light trucks.
According to Mr. Stansfield, a variety of value-added products will be supplied under the long-term contract, including EZ-KOOL(R) solar control glass and Galaxsee(R) solar privacy glass. Many glasses will be supplied encapsulated with the edges prefinished "ready to fit" with polyurethane or PVC. On-glass radio antennas will also be required on some models.
LOF has been a major supplier of glass to GM for over 60 years. LOF supplies advanced glass and glazing products to the majority of all North American based car and light truck manufacturers.
The Pilkington Group is the world's largest supplier of automotive glazings, supplying glass to one out of every four vehicles built around the world.
-0- 4/20/95 /CONTACT: Rick Sahler of Libbey-Owens-Ford Co., 419-247-4873/ (GM) CO: Libbey-Owens-Ford Company; General Motors ST: Ohio IN: AUT SU: CON
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