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Advanced Glassfiber Yarns LLC Year End 2000 Earnings

16 March 2001

Advanced Glassfiber Yarns net sales for the year ended December 31, 2000 increased $26.1 million, or 10.3%, to $278.3 million as compared to $252.2 million in the year ended December 31, 1999. This increase was primarily due to higher demand in all markets, except in industrial products. The largest increases were in the electrical and the construction markets, with 22.8% and 14.5%, respectively.

Advanced Glassfiber Yarns, headquartered in Aiken, SC, is one of the largest global suppliers of glass yarns, which are a critical material used in a variety of electronic, industrial, construction and specialty applications. Prior to and including December 31, 1998, the Company was the glass yarns and specialty materials business of Owens Corning. Since December 31, 1998, Advanced Glassfiber Yarns has been a joint venture between Porcher Industries, S.A. and Owens Corning.






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