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Owens Corning acquires Chinese mineral wool manufacturer

Owens Corning has completed the acquisition of Guangde SKD Rock Wool Manufacture, a mineral wool manufacturer in China.

1st May 2018

Innovation in Textiles
 |  Toledo, OH

Construction

“We see great opportunity to provide our customers in China with products in both the mid temperature building and high-temperature industrial-application markets. This acquisition furthers our strategy to expand Owens Corning’s technology portfolio across the three largest insulation markets in the world,” commented Julian Francis, Insulation President.

Owens Corning now has seven insulation manufacturing facilities across China, providing customers with a full temperature range of products including fiberglass, extruded polystyrene foam, cellular glass and mineral wool insulation.

“We are pleased to further scale our mineral wool manufacturing capabilities in China,” said Paul Wei, Vice President and Asia Pacific Managing Director. “We will continue to invest in and leverage our deep building science and construction expertise to meet our customers’ growing needs in this important market.”

Owens Corning develops, manufactures, and markets insulation, roofing, and fiberglass composites. Based in Toledo, OH, USA, Owens Corning posted 2017 sales of US$ 6.4 billion and employs 19,000 people in 37 countries.

www.owenscorning.com

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