Owens Corning Inc

(NYSE: OC)

Industry: Building Materials & Fixtures
On the web: http://www.owenscorning.com
Employees: 18,000

Owens Corning was founded in 1938. The Company is a global producer of glass fiber reinforcements and other materials for composite systems and of residential and commercial building materials. It operates within two general product groups: Composites, which includes its Composite Solutions reportable segment and Building Materials, which includes its Insulating Systems, Roofing and Asphalt, and Other Building Materials and Services reportable segments. Owens Corning glass fiber materials could be found in over 40,000 end-use applications within the consumer, industrial and infrastructure markets. Such end-use applications include sporting goods, computers, telecommunications cables, boats, aircraft, defense, automotive, industrial containers, and wind-energy. The products of the Company are manufactured and sold worldwide. It mainly sells its products directly to end-users. Within the building and construction market, its Composite Solutions business sells glass fiber and/or glass mat directly to a small number of major shingle manufacturers, including its own roofing business. The insulating products of the Company help customers conserve energy, provide improved acoustical performance and offer convenience of installation and use, making them a preferred insulating product for new home construction and remodeling. These products include thermal and acoustical batts, loose fill insulation, foam sheathing and accessories, and are sold under well-recognized brand names and trademarks such as Owens Corning PINK FIBERGLAS(r) Insulation. The Company sells its insulation products mainly to insulation installers, home centers, lumberyards, retailers and distributors in the United States and Canada. The raw materials used are natural gas, and raw materials, such as asphalt and polystyrene. The competitors in the Composite Solutions segment include Johns Manville and PPG Industries as well as considerable global competitors based in China, the largest of them being Jushi Group Co., Ltd. The competitors in the Insulating Systems segment include Certain Teed Corporation, Johns Manville, Dow Chemical and Knauf Insulation. Owens Corning is committed to complying with all environmental laws and regulations that are applicable to its operations.