Owens Corning Announces New Investment for Glass Non-Woven Markets

      Owens Corning Announces New Investment for Glass Non-Woven Markets

- Non-woven investment to focus on opportunities in the building materials
market

- Company establishing a $130 million, state-of-the-art campus in North
America

- Includes new manufacturing, coating lines and research and development
capability

PR Newswire

TOLEDO, Ohio, June 19, 2013

TOLEDO, Ohio, June 19, 2013 /PRNewswire/ -- Owens Corning (NYSE:OC), a global
producer of glass fiber reinforcements for composite systems and residential
and commercial building materials, has announced a $130 million investment in
North America to expand its global glass non-wovens business. The new
facility will house a state-of-the-art manufacturing line, coating capability,
and research and development activities, with future expansion options.

According to Owens Corning Group President Arnaud Genis, "There is a limited
supply of glass non-woven products serving the global building materials
market today. As projections for long term growth are optimistic, our
customers have been eagerly waiting for Owens Corning to offer more of our
unique products and solutions to support and accelerate their growth. This
new investment further leverages our integrated position as a glass fiber and
glass non-woven supplier, and will complement existing non-woven facilities in
North America and Europe to ensure we remain the global leader in glass
non-woven technology."

The North American facility will use Owens Corning glass fibers supplied from
existing facilities and will specialize in high quality glass non-woven
applications including wall covering, ceiling and flooring, specialty
insulation, gypsum, and automotive products. The location of the new facility
has been narrowed to several states, with the final determination based on the
proximity to customers, availability of talent, infrastructure and natural
resources, and a favorable business environment. Final site selection is
expected to be completed in the near future.

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 in
2013, 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.

Owens Corning Investor Relations News



SOURCE Owens Corning

Website: http://www.owenscorning.com
Contact: Media Requests, Kelly Donaghy, Owens Corning, +1-419-343-0207 or
Investor Relations Adam BayerOwens Corning, +1-419-248-6238
 
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