Owens Corning, 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 nonwovens 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 nonwoven 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 nonwoven supplier, and will complement existing nonwoven 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 nonwoven 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 and the final determination will be based on the proximity to customers, availability of talent, infrastructure and natural resources and a favorable business environment. The final site selection is expected to be completed in the near future.