14 February, 2025
Owens Corning to Sell Glass Reinforcements Business to Praana Group
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Transaction completes Owens Corning’s previously announced strategic review of the business Strengthens Owens Corning’s focus on residential and commercial building products in North America and Europe Enhances Praana Group’s existing advanced materials and composites business through the addition of Owens Corning’s glass reinforcements business Owens Corning (NYSE: OC), a residential and commercial building products leader, and Praana Group, an India-based holding group that operates a diverse portfolio of companies primarily serving the industrial sector, announced today that they have signed a definitive agreement for the sale of Owens Corning’s glass reinforcements business to Praana Group (through its subsidiaries) at an enterprise value of $755,000,000. This sale is a part of Owens Corning’s strategic plan to reshape the company to focus on residential and commercial building products in North America and Europe. Owens Corning’s glass reinforcements business, part of the
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11 February, 2025
Owens Corning to Build New Shingle Plant in Southeastern U.S.
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Investment Increases Capacity for Owens Corning’s High-Performing Laminate Shingle Portfolio Including Premium Duration ® Series Shingles Owens Corning (NYSE: OC), a residential and commercial building products leader, today announced an investment in shingle manufacturing capacity with the addition of a new facility in the southeastern United States. The strategic investment will expand the company’s Roofing manufacturing network, enhancing Owens Corning’s ability to meet the strong and growing demand for its shingles. Gunner Smith, Roofing President, said, “We are focused on offering unmatched value to our customers by providing the premium quality building products and solutions they need to grow their businesses. Through this investment, and the many investments we have made over the last several years to enhance our manufacturing network, we are expanding our ability to meet the strong demand for Owens Corning shingles.” The new southeast plant will operate a four-wide laminator
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10 February, 2025
Owens Corning to Announce Fourth-Quarter and Full-Year 2024 Financial Results on February 24
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Owens Corning (NYSE: OC) is scheduled to announce its fourth-quarter and full-year 2024 financial results on Monday, February 24, 2025, before the New York Stock Exchange opens. The company will host a call to discuss its financial results at 9 a.m. ET the same day. Webcast https://events.q4inc.com/attendee/716642151
A webcast replay will be available for one year using the same link. Callers Please dial in 10-15 minutes before the conference call is scheduled to begin and use the entry code 307871 . U.S.: 1.833.470.1428 Canada: 1.833.950.0062 Other international locations: +1.404.975.4839 Telephone replay Telephone replay will be available one hour after the end of the call through Monday, March 3, 2025. Please use conference replay entry code 682923 . U.S.: 1.866.813.9403 Canada: 1.226.828.7578 Other international locations: +1.929.458.6194 About Owens Corning Owens Corning is a residential and commercial building products leader committed to building a sustainable future
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