The global producer of glass fiber reinforcements,
), has joined with Taishan Fiberglass
a subsidiary of China National Materials Group, Sinoma, to
promote the use of Alkali Resistant (AR) specialty
Under the strategic alliance, Taishan will contribute its
manufacturing experience, while Owens will lend its know-how and
technology to develop tailor-made fabrics and glass reinforcement
The AR glass fibers provide binding strength to concrete and
prevent plastic, thermal and dry shrinkage cracking. The
specialty reinforcements will be manufactured in China and the
research and development support for the production will be given
by Owens Corning global research and development centers.
Owens is focused on innovation and is geared to use
tailor-made technologies and, in this regard, is using the
expertise of other companies in the field. Recently, 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 location 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 from
improving new home demand.
With the home construction market is 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
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