Ashland Finland gives Owens Corning Enhanced Presence in Europe

16 September 2002

In order to better serve the European market, Owens Corning has signed a distribution contract with Ashland Finland OY to distribute product through Ashland Specialty Chemical Company's Composite Polymers Division.

This agreement will allow Ashland's Composite Polymers Division to distribute Owens Corning products in Finland, Norway, Sweden, Denmark, Austria, Romania, Bulgaria, Estonia, Latvia, Lithuania, Byelorussia, Russia, Ukraine, Kazakhstan, Hungary, Poland, Slovenia and Croatia. In the Nordic countries (Sweden, Norway, Denmark and Finland), Ashland will remain a sub-distributor to Owens Corning Sweden AB.

The areas of Southeastern Europe and the Commonwealth of Independent States (CIS) (the former Soviet Union) are rapidly growing, and offer lucrative business opportunities.

""Historically Owens Corning has had a very low sales activity in these European territories and now, together with Ashland, will be able to reach a market which has great potential for the future,"" said Dick Lantz, president, Owens Corning Composite Solutions Business. ""Ashland is a highly successful company and we are pleased to be better associated with them with this business venture.""

""Ashland targets market segments where high product quality is essential. The leading position in low emission polyesters and gel coats is an example of this strategy. As Owens Corning is a world quality leader in glass fiber product this cooperation ensures availability of a complete, high quality portfolio to our customers,"" said Olli Piiroinen, product manager, Ashland Composite Polymers Division.

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