Owens Corning and Taishan Fiberglass Announce Strategic Alliance -- Companies to focus on growth of OC specialty product line -- Product and application development efforts to increase -- Manufacturing operations to be commissioned in China PR Newswire TOLEDO, Ohio, June 4, 2013 TOLEDO, Ohio, June 4, 2013 /PRNewswire/ --Owens Corning (NYSE: OC), a global producer of glass fiber reinforcements for composite systems and residential and commercial building materials, has announced astrategic alliancewithglass fiber producerTaishan Fiberglass, a subsidiary of China National Materials Group, Sinoma, togrowthe use ofAlkali Resistant (AR) specialty glassproducts sold under the brands Cem-FIL^®,Anti–CRAK^®, Slurry-FIL™ throughout the world. Manufacturing for the alliance will be based in China and supported by Owens Corning global research and development centers which will provide productand application development for these specialty reinforcements. To ensure commercial focus and success,Taishanwillconcentrate inChina,ASEAN,Japan, Korea, South Africaand Saudi Arabia marketswith Owens Corning serving markets located throughoutthe rest of the world. According to Owens Corning Group President Arnaud Genis, "We believe a bright future exists for glass reinforcements to be used in cement materials, the largest materials market in the world. With Owens Corning's history of invention and pioneering in glass fiber reinforcements, together with Taishan's strong manufacturing experience in China and Sinoma's experience in cement materials and engineering, this alliance is the right combination to bring growth to AR glass reinforcements for the foreseeable future." Cem-FIL^® is a "High Performance" Alkali Resistant glass fiber, engineered to reinforce concrete to prevent plastic, thermal and dry shrinkage cracking. Cem-FIL^® increases flexural strength and ductility, and adds toughness to concrete. Since their development and launch in 1970, Alkali Resistant glass fibers have been used in more than 120 countries for the reinforcement of cement and concrete products. They are best known for their use in factory-produced GRC elements (Glass Fiber Reinforced Concrete), but the range of Anti-CRAK^® fibers has been recently expanded for use in the general ready-mix concrete and precast industries (e.g. flooring, thin-walled elements). About Owens Corning Owens Corning is a global producer of glass fiber reinforcements and engineered materials for composite systems and residential and commercial building materials. A Fortune 500 company for 59 consecutive years, Owens Corning is committed to driving sustainability through delivering solutions, transforming markets and enhancing lives. Celebrating its 75^th anniversary, Owens Corning had sales of $5.2 billion in 2012 and employs 15,000 employees in 27 countries on five continents. The Owens Corning Composite Solutions 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. About Taishan Fiberglass Taishan Fiberglass as one of the main fiberglass manufacturers in China, it manufactures and sells glass fiber reinforcement products used in a wide range of applications Exporting internationally from its manufacturing plants in China. Taishan Fiberglass was founded in 1997 and is based in Taian City, Shandong Province, China. Owens Corning Investor Relations News SOURCE Owens Corning Website: http://www.owenscorning.com Contact: Kelly Donaghy, Owens Corning, +1-419-343-0207, Ellen Zeng, Taishan Fiberglass, +86-538-6626807
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Owens Corning and Taishan Fiberglass Announce Strategic Alliance
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