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For further details see our joint press release.
A joint venture between two manufacturers will bring a $50 million production facility and 60 jobs to Danville. Owens Corning, based in Toledo, Ohio, and IKO Industries, based in Canada, will build the world’s largest glass fiber mat factory in Danville. The material will be used to produce commercial and residential roofing shingles. The two companies formed FIBERTEQ LLC through a 50/50 joint venture last fall. FIBERTEQ’s Danville plant will use state-of-the-art technology to manufacture wet-formed glass fiber mat used mainly in the production of asphalt roofing shingles. Yoram Knoop, general manager of Owens Corning Composites Systems Business, said the company will use the additional capacity to support both its own roofing systems business and the demands of outside customers. IKO Industries will use the glass fiber mat produced in Danville to support the expansion of its manufacturing operations and the increased demand for the roofing products in the United States and Canada. The company has plants in Chicago and Franklin, Ohio
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