Last $35.23 USD
Change Today -0.16 / -0.45%
Volume 407.8K
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Company Description

Contact Info

One Owens Corning Parkway

Toledo, OH 43659

United States

Phone: 419-248-8000

Fax:

Owens Corning provides composite and building materials systems. The company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy, and other markets to insulation and roofing for residential, commercial, and industrial applications. Segments The company operates through two segments, Composites and Building Materials. Composites This segment includes the company’s Reinforcements and Downstream businesses. The company’s glass fiber materials could be found in approximately 40,000 end-use applications within 7 primary markets, such as power and energy, housing, water distribution, industrial, transportation, consumer, and aerospace/military. Such end-use applications include pipe, roofing shingles, sporting goods, computers, telecommunications cables, boats, aircraft, defense, automotive, industrial containers, and wind-energy. The company’s products are manufactured and sold worldwide. It primarily sells its products directly to parts molders and fabricators. Within the building and construction market, this segment sells glass fiber and/or glass mat directly to various major shingle manufacturers, including its own Roofing business. Within the Reinforcements business, the company manufactures, fabricates, and sells glass reinforcements in the form of fiber. Within the Downstream business, the company manufactures and sells glass fiber products in the form of fabrics, mat, veil, and other specialized products. Competition: This segment’s competitors include China Fiberglass Co., Ltd.; Chongqing Polycom International Corporation Ltd; PPG Industries; Taishan Glass Fiber Co., Ltd; and Johns Manville. Building Materials This segment includes the company’s Insulation and Roofing businesses. This segment serves the United States home improvement retailers. Insulation The company’s insulating products include thermal and acoustical batts, loose fill insulation, foam sheathing, and accessories, and are sold under brand names and trademarks, such as Owens Corning PINK FIBERGLAS Insulation. The company’s Insulation business also manufactures and sells glass fiber pipe insulation, energy efficient flexible duct media, bonded and granulated mineral wool insulation and foam insulation used in above- and below-grade construction applications. It sells its insulation products primarily to insulation installers, home centers, lumberyards, retailers, and distributors in the United States and Canada. The company’s Insulation business includes a portfolio with a geographic mix of the United States, Canada, the Asia-Pacific, and Latin America, a market mix of residential, commercial, industrial and other markets, and a channel mix of retail, contractor, and distribution. Seasonality: The peak season for home construction and remodeling in the company’s geographic markets corresponds with the second and third calendar quarters (year ending December 2013), and therefore, its sales levels are higher during the second half of the year. Competitors: The company’s competitors include CertainTeed Corporation; Johns Manville; Dow Chemical; and Knauf Insulation. Roofing The company’s primary products in the Roofing business are laminate and strip asphalt roofing shingles. Other products include oxidized asphalt and roofing accessories. The company sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors, and contractors in the United States; and sells other asphalt products internally to manufacture residential roofing products and externally to other roofing manufacturers. It also sells asphalt to roofing contractors and distributors for built-up roofing asphalt systems and to manufacturers in various other industries, including automotive, chemical, rubber, and construction. Competition: The company’s competitors include GAF, CertainTeed Corporation, and TAMKO. Environmental Control The company has been deemed by the United States Environmental Protection Agency to be a Potentially Responsible Party (PRP) with respect to certain sites under the Comprehensive Environmental Response Compensation and Liability Act. History Owens Corning was founded in 1938.

 

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