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2006-05-15 News Headlines

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Owens Corning acquires Japanese composites business

Owens Corning acquisition of the composites business of the Asahi Fiber Glass Company in Japan will support global growth and expand product solutions portfolio.

Owens Corning, a world leader in building materials systems and composite solutions, has completed its acquisition of the composites business of the Asahi Fiber Glass Co., Ltd. in Japan, previously announced on December 8, 2005. Terms were not disclosed. This acquisition marks an increased commitment to the Japanese market.

Owens Corning, a Fortune 500 company, delivers high-quality products and services ranging from insulation, roofing, siding and stone, to glass composite materials used in transportation, electronic, telecommunications and other high-performance applications.

“The addition of composite and glass-fiber manufacturing in Japan allows Owens Corning to deliver more value to more customers around the world,” said Chuck Dana, president – Composite Solutions Business. “The products manufactured at this facility will support our global growth by delivering a broader range of composite solutions for the consumer and electrical, building and construction, and infrastructure markets.”

Find Products and Services information for thermoplastic compounds.

The acquisition expanding Owens Corning’s product portfolio includes:
• Reinforcements for high-performance thermoplastics such as Liquid Crystaline Polymer (LCP), Polyphenylene Sulfide (PPS) and Polyphenylene Oxide (PPO) polymer products. These composite products are used in applications where high performance is required.
• Long-fiber thermoplastic compounds for the Asia Pacific market used in light-weight and semi-structural applications.
• Sheet Molding Compounds for the Japanese market, including high-heat industrial and Class-A applications for automotive and consumer markets.
• Rubber-coated glass-fiber solutions used in engine timing belts for the automotive industry.

Visit Owens Corning at the next ACMA Show 2006, on October 18-20 in St. Louis, Missouri, USA. Find information about ACMA Show 2006. The ACMA show is designed to provide attendees with everything they need to improve their composites knowledge, composites facility, and the composites industry in general.

Find information about Owens Corning.

Read a recent press release from Owens Corning about - 'New OC glass fiber knitting operations complements Molding Mat line, providing technical fabrics for the automotive, transportation and marine markets as well as wind energy.'

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