Global producer of glass fiber reinforcements,
), is geared to expand the distribution network of its tailor
made glass-based solution for construction, transportation and
pipe rehabilitation to Europe.
Owens exhibited the product during the Techtextil trade show
in Frankfurt, held between Jun 11 and Jun 13 this year. The
company is displaying samples of veils, fabrics, mats as well as
end-use applications at the fair.
The new Sustaina surfacing and reinforcing glass non-woven
solution is one of the products displayed by the company. It
contains a bio-based, formaldehyde-free binder system and
performs far better than traditional products. Moreover, the
product meets the legislation requirements for indoor air quality
(IAQ) in product-applications.
The other product, Ultrapipe long oriented chops (LOC)
fabrics, is claimed to provide high stretch-ability for all liner
types manufactured through the folding, stitching & winding
processes, as it gives room for larger diameter and thicker
Owens is focused on innovation and is geared to use
tailor-made technologies and, in this regard, the company is
using the expertise of other companies in the field. In Mar 2013,
Toledo, Ohio-based Owens Corning entered into a strategic
alliance with the leading chemical company, BASF, and a
multi-national thermoplastic producer, TenCate Advanced
Under the alliance, the two companies will work together to
develop thermoplastic composites for mass production of
automobiles in an attempt to make vehicles lighter, durable,
environment friendly and more fuel-efficient.
Recently, Owens Corning also took over the mineral wool
commercial and industrial insulation products manufacturer,
Thermafiber Inc. The acquisition includes a 145,000 square foot
manufacturing facility of Thermafiber, located in Wabash, IN. The
buyout provides Owens Corning with a broad insulation portfolio
of fiberglass, foam and mineral wool insulation products.
Owens Corning, which produces residential and commercial
building materials, glass-fiber reinforcements and engineered
materials for composite systems, is slowly gaining momentum with
improving new home demand.
With the home construction market improving steadily, building
and other construction material companies, like
Vulcan Materials Company
Eagle Materials Inc.
), as well as building product makers, such as
) are witnessing a corresponding rise in demand and volume.
The housing market has steadily made a comeback from the
severe and widespread downturn witnessed in mid-2006. The
stability in the home buying market, combined with low interest
rates and increased rentals, has increased the affordability of
The U.S. housing market has seen significant upside in new
home sales volume in 2012 with industry-wide sales increasing
roughly 25% from the prior-year levels. New home construction
activity improved 25% in 2012. Faced with the fiscal cliff at
2012-end combined with the threat of sequestration and a mounting
national debt, the recovery of the housing market was one bright
spot on the U.S. economic horizon.
Currently, Owens Corning carries a short-term Zacks Rank #2
EAGLE MATERIALS (EXP): Free Stock Analysis
MASCO (MAS): Free Stock Analysis Report
OWENS CORNING (OC): Free Stock Analysis
VULCAN MATLS CO (VMC): Free Stock Analysis
To read this article on Zacks.com click here.