TOLEDO, Ohio, April 2, 2018 – Owens Corning (NYSE: OC), a leading global producer of glass fiber reinforcements for composite systems, has entered into technology licensing and manufacturing supply agreements with Taiwan Glass Ind., Corp., based in Taipei, Taiwan.
The agreements will leverage Owens Corning’s Advantex® glass fiber reinforcements and the well-positioned manufacturing platform of Taiwan Glass to produce a mix of products for both thermoplastic and thermoset applications. The companies will continue to operate as separate commercial entities.
“The agreements with Taiwan Glass will support Owens Corning’s growth in the Asia Pacific region, beyond China, while also expanding our capacity to supply customers in Europe and North America,” said Arnaud Genis, President of Owens Corning’s Composites business.
“Over the years, Taiwan Glass has been a customer, supplier, and licensee of Owens Corning technology,” Genis added. “We are pleased to build upon our successful, long-term relationship with the announcement of these new agreements.”
The agreements with Taiwan Glass represent the latest in a series of relationships Owens Corning has consummated with Asia-based manufacturers that license its technology. These agreements have enabled the company to leverage its internal capacity while also taking advantage of external assets to deliver Owens Corning products – tested using the company’s quality systems and meeting the same specifications as its owned operations.
Mr. Richard Lin, General Manager of the Fiberglass Business of Taiwan Glass, added, “we are pleased to strengthen our strategic relationship with Owens Corning. These agreements enable Taiwan Glass to continue to satisfy customers through delivering outstanding quality and comprehensive services, and to contribute to the composites industry.”
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures, and markets insulation, roofing, and fiberglass composites. Global in scope and human in scale, the company’s market-leading businesses use their deep expertise in materials, manufacturing, and building science to develop products and systems that save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger, and more durable. Ultimately, Owens Corning people and products make the world a better place. Based in Toledo, Ohio, Owens Corning posted 2017 sales of $6.4 billion and employs 19,000 people in 37 countries. It has been a Fortune 500® company for 63 consecutive years. For more information, please visit www.owenscorning.com.
About Taiwan Glass
Taiwan Glass Ind., Corp. is an industry leader in producing yarns and high-quality glass fiber. Based in Taipei, Taiwan, the company is principally engaged in the manufacture, processing, and sales of glass products. The company’s products include flat glass, fiberglass, container glass, tableware and kitchenware glass, and touch panel thin glass, among others. Its products are applied in a wide variety of applications including buildings, furniture, decorations, electronic materials, packaging materials for foods and medicines, kitchenware, and sports equipment. Established in 1964, the company operates in both domestic and overseas markets through three segments: flat glass, glass containers, and fiberglass.
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