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Owens Corning Names Gary Nieman Managing Director of Owens Corning India

31 July 2002

Owens Corning announced today that Gary Nieman has been named managing director of Owens Corning India, Ltd.

Prior to this position, Mr. Nieman was the General Manager - Products and Planning of Composites Solutions Business of Owens Corning. ""I am excited to be returning to our business in India and Asia Pacific,"" said Mr. Nieman. ""The rapid pace of change in the region makes every day challenging and stimulating, and the fact that composites make a difference in people's lives is personally satisfying."" OCIL was established in 1996 with an investment of $110 Million and its Taloja plant started commercial production in 1999. OCIL won the Leading Exporter Award of the Chemicals and Allied Products Exports Promotion Council of India consecutively for the year 2000 and 2001.

Owens Corning is a world leader in building materials systems and composite systems. Founded in 1938, the company had sales of $4.8 billion in 2001 and employs approximately 19,000 people worldwide.