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Owens Corning and Saint-Gobain to Build Facility in Mexico

01 August 2003

Owens Corning and Saint-Gobain will locate their previously announced joint manufacturing venture in Xicohtencatl, Tlaxcala, Mexico, adjacent to a Saint-Gobain Vetrotex America facility. Construction is expected to begin in early August

The state-of-the-art facility will produce roving products to be sold across a broad range of end use markets. ""Locating this glass reinforcement facility in Mexico enables us to most cost-effectively meet the growth needs of our customers"", said Dick Lantz, President, Owens Corning Composite Solutions. Roberto Caliari, President of the Branche Reinforcement of Saint Gobain, also stressed that ""the new Joint Venture will allow Vetrotex to supply its customers with high quality glass reinforcements on an exceptionally cost-effective basis.""

The roving products produced by this 50/50 joint venture will be sold in equal shares to Saint-Gobain Vetrotex and Owens Corning. Production and delivery of product is planned for late 2004.






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