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Company Description

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One Owens Corning Parkway

Toledo, OH 43659

United States

Phone: 419-248-8000


Owens Corning provides composite and building materials systems. The company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy, and other markets to insulation and roofing for residential, commercial, and industrial applications. Segments The company operates through three segments, including Composites, Insulation, and Roofing. Composites This segment includes Reinforcements and Downstream businesses. Within the Reinforcements business, the company manufactures, fabricates and sells glass reinforcements in the form of fiber. Within the Downstream business, the company manufactures and sells glass fiber products in the form of fabrics, non-wovens and other specialized products. The company’s glass fiber materials can be found in approximately 40,000 end-use applications within 5 primary markets, such as building and construction, transportation, consumer, industrial, and power and energy. Such end-use applications include pipe, roofing shingles, sporting goods, consumer electronics, telecommunications cables, boats, aviation, defense, automotive, industrial containers and wind-energy. The company ‘s products are manufactured and sold worldwide. The company primarily sells its products directly to parts molders and fabricators. Within the building and construction market, its Composites segment sells glass fiber and/or glass mat directly to a small number of major shingle manufacturers, including its own Roofing segment. Competition: Significant competitors to the Composites segment include China Jushi Group Co., Ltd., Chongqing Polycom International Corporation Ltd, Johns Manville, PPG Industries and Taishan Glass Fiber Co., Ltd. Insulation This segment’s products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under brand names and trademarks, such as Owens Corning PINK FIBERGLAS Insulation. The company’s Insulation segment also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral fiber insulation and foam insulation used in above- and below-grade construction applications. The company sells its insulation products primarily to insulation installers, home centers, lumberyards, retailers and distributors in the United States and Canada. The Insulation segment includes a portfolio with a geographic mix of United States, Canada, the Asia-Pacific, and Latin America, a market mix of residential, commercial, industrial and other markets, and a channel mix of retail, contractor and distribution. Competition: Significant competitors in this segment include CertainTeed Corporation, Dow Chemical, Johns Manville, and Knauf Insulation. Roofing This segment’s primary products are laminate and strip asphalt roofing shingles. Other products include oxidized asphalt and roofing accessories. The company sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States and sells other asphalt products internally to manufacture residential roofing products and externally to other roofing manufacturers. The company also sells asphalt to roofing contractors and distributors for built-up roofing asphalt systems and to manufacturers in various other industries, including automotive, chemical, rubber and construction. Competition: Significant competitors in the Roofing segment include CertainTeed Corporation, GAF and TAMKO. Seasonality Sales in this segment follow seasonal home improvement, remodeling and renovation and new construction industry patterns. Demand for new residential construction follows on a three-month lagged basis. The peak season for home construction and remodeling in the company’s geographic markets corresponds with the second and third calendar quarters (year ending December 2014), and therefore, its sales levels are higher during the second half of the year. Customers A portion of the net sales in the company’s Insulation and Roofing segments are generated from large United States home improvement retailers. Intellectual Property In addition to the company’s Owens Corning and PINK brands, the company has registered, and applied for the registration of, the U.S. and international trademarks, service marks, and domain names. Additionally, the company has filed the U.S. and international patent applications, including various issued patents, covering certain of its proprietary technology resulting from research and development efforts. Environmental Control The company engages in remedial response activities and is responsible for environmental remediation at a number of sites. These responsibilities arise under a number of laws, including the Federal Resource Conservation and Recovery Act, and similar state or local laws pertaining to the management and remediation of hazardous materials and petroleum. The company has also been named a potentially responsible party under the United States Federal Superfund law, or state equivalents, at a number of disposal sites. History Owens Corning was founded in 1938.


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