Owens Corning is to buy Chinese glass fibre busing producer Tanaka Kikinzoku (Suzhou) (TKS). TKS is a producer of glass fibre bushings and other parts which service the Chinese glass industry and has been operating since 2006.
TKS will become a part of Owens Corning GlassMetal Services, a business unit which makes glass fibre bushings and related parts for the glass fibre industry. The purchase only involves Tanaka's TKS business. Both Owens Corning and Tanaka have other bushing business concerns globally.
Owens Corning Composite Solutions Business President Arnaud Genis said: “The acquisition of TKS gives Owens Corning the ability to better serve China which is the largest and fastest growing glass fibre country in the world.”
Owens Corning's global bushing facilities include locations in Singapore, the US, Brazil and Russia.