Owens Corning Announces Decision to Divest its Fiberglass Reinforcements Plant in Capivari, Brazil
TOLEDO, Ohio, Sept. 13 /PRNewswire-AsiaNet/ –
Owens Corning (NYSE: OC), a leading global producer of glass fiber reinforcements for composite systems and residential and commercial building materials, today announced a decision to divest its fiberglass reinforcements plant in Capivari, Brazil. The Company has determined that divestiture of the Capivari facility at this time will facilitate long term planning given the uncertainty of the resolution of the Company’s ongoing negotiations with the Brazilian competition authority regarding the Capivari site.
Interested parties should contact Harry Shaw, VP, Corporate Development, at +1-419-248-6558 or Harry.Shaw@owenscorning.com.
About Owens Corning
Owens Corning is a leading global producer of glass fiber reinforcements and engineered materials for composite systems and residential and commercial building materials. A Fortune 500 company for 56 consecutive years, Owens Corning is committed to driving sustainability through delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning had sales of $4.8 billion in 2009 and about 16,000 employees in 28 countries on five continents. OCV(TM) Reinforcements, OCV(TM) Technical Fabrics and OCV(TM) Non-Woven Technologies are the three main business units that make up the Owens Corning Composite Solutions Business. The 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 http://www.owenscorning.com.
SOURCE: Owens Corning
CONTACT: Kerry Desberg, Owens Corning, +1-419-248-5939