Looking for our consultancy, conferencing, training or innovation services? Visit netcompositesenterprise.com

NetComposites Now
Airtech

Owens Corning to Invest $110 Million in India Composites

30 August 2016

Owens Corning plans to invest $110 million to expand capacity at its Composites operations in India.

The investment will support the growing India glass fibre market through the installation of a state-of-the-art 80,000-ton glass melter at the Company’s existing facility in Taloja, India. The new melter is expected to begin start-up operations in early 2018.

“Owens Corning is the industry leader in the growing glass fibre market in India,” said Arnaud Genis, Composite Solutions Business President. “This substantial investment in our Indian business demonstrates our confidence in the strength of the composites market and our continued commitment to our composites customers in both India and globally to meet the increasing demand for innovative glass fibre products.”

Owens Corning claims that the glass fibre market in India has grown at double-digit rates over the past decade and has operated at high levels of capacity utilisation for the past three years.

Marcio A. Sandri, Vice President and Managing Director, Glass Reinforcements, stated, “Expanding our existing operations in India positions Owens Corning well to continue to benefit from a low-delivered cost platform while supporting growth in this region and worldwide. Additionally, this facility will leverage the newest technologies Owens Corning has developed to enable greater competitiveness in the market and deliver industry-leading products.”

 






comments powered by Disqus

Related / You might like...

Airbus Selects Hexcel as Supplier for H160 Helicopter

Hexcel will extend its 40-year partnership with Airbus Helicopters by supplying composite materials for the new H160 helicopter.

Custom Composites Sponsors Team GB Sailors

Custom Composites has announced sponsorship of Olympic hopefuls Team Lloyd Williams-Alloway, continuing a relationship with Team GB sailors that has resulted in gold medals in each of the two last summer games.

Michelman Sizing Employed in World's First Composite Overwrapped Pressure Vessel Made with Recycled Carbon Fibre

Continuous recycled carbon fibre tow has been used to manufacture a composite overwrapped pressure vessel (COPV) for the first time, reports Michelman, which collaborated with fellow Institute for Advanced Composites Manufacturing Innovation (IACMI) members Steelhead Composites and Vartega on the project.