02 February 2016
02 February 2016
Owens Corning has entered into technology licensing and manufacturing supply agreements with Shandong Fiberglass Group in China.
Owens Corning explains that this strategic relationship will leverage its Advantex glass fibre reinforcements and chopped strand technology and expertise to produce chopped strand products for the thermoplastics industry using the Shandong Fiberglass manufacturing platform. The companies will continue to operate as separate commercial entities.
“This strategic relationship demonstrates that our respective companies are committed to supporting the growth of our customers,” said Marcio Sandri, Owens Corning Vice President and Managing Director, Glass Reinforcement Solutions. “It also reflects Owens Corning’s increasing commitment to China as one of the world’s fastest growing markets for composites.
Mr Niu Aijun, Chairman of the Board and Legal Representative of Shandong Fiberglass, added, “We are very happy to apply world-class technology and manufacturing excellence through this strategic relationship with Owens Corning. Together, we are in a much better position of servicing our respective customers, and contributing to the development of the composites industry.”
According to Owens Corning, the relationship with Shandong Fiberglass is the latest in a series of relationships it has forged with China-based manufacturers to take advantage of external assets while continuing to strategically leverage its internal capacity. Owens Corning has previously announced similar agreements with China-based Xingtai Jinniu Fiberglass Company and Taishan Fiberglass.
Web Industries has signed a letter of intent with East Forty to purchase 12 acres of land for a manufacturing plant in Marysville, Washington, north of Seattle, US.
ITASA has successfully initiated production at its new plant located in Querétaro, Mexico.
Solvay has signed a long term agreement with Safran for the supply of high temperature composites and adhesives. Safran will use these advanced materials on several of their critical engine components.