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Owens Corning Completes Asahi Acquisition

05 May 2006

Owens Corning has completed its acquisition of the composites business of Asahi Fiber Glass Co in Japan, previously reported in December.

""The addition of composite and glass-fibre manufacturing in Japan allows Owens Corning to deliver more value to more customers around the world,"" said Chuck Dana, president - Composite Solutions Business. ""The products manufactured at this facility will support our global growth by delivering a broader range of composite solutions for the consumer and electrical, building and construction, and infrastructure markets.""

The acquisition expands Owens Corning's product portfolio to include reinforcements for high-performance thermoplastics such as Liquid Crystaline Polymer (LCP), Polyphenylene Sulfide (PPS) and Polyphenylene Oxide (PPO) polymer products. These composite products are used in applications where high performance is required.

The company’s portfolio also includes long-fibre thermoplastic compounds for the Asia Pacific market used in light-weight and semi-structural applications, sheet moulding compounds for the Japanese market and rubber-coated glass-fibre used in engine timing belts for the automotive industry.






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