Saint-Gobain and Owens Corning to build joint Glass Reinforcement facility in Mexico

Saint-Gobain Reinforcement and Owens Corning announced today that they will locate their previously announced joint glass reinforcement facility in Xicohténcatl, Tlaxcala, Mexico, adjacent to Saint-Gobain Vetrotex America's facility.

This unit will manufacture the highest quality products for the composites market. Construction work will begin in early August.

This facility will produce roving products to be sold across a broad range of end-user markets. "Locating this glass reinforcement facility in Mexico enables us to most cost-effectively meet the needs of our customers in the Americas" said Dick Lantz, President, Owens Corning Composite Solutions. Roberto Caliari, President of the Reinforcement Branch of Saint-Gobain, confirmed : "this facility will allow us to supply our customers with high quality glass reinforcements on a cost-effective basis. We will get on the site the benefit of our industrial experience and of a highly skilled workforce".

The roving products produced by this 50/50 joint venture will be sold in equal shares through Saint-Gobain Vetrotex and Owens Corning international sales networks. Production and delivery of product is planned for late 2004.

On a global scale, the composites market is growing at 5% annually.

The transactions have been approved by the appropriate legal and regulatory agencies.

Saint-Gobain operates as a manufacturer and provider of high technology materials and associated services. Saint-Gobain is one of the world's hundred leading industrial corporation. The Group had worldwide sales of 30.3 billion € in 2002.

Owens Corning is a world leader in building materials systems and composites solutions. Founded in 1938, the company had sales of $4.9 billion in 2002.

600450 Saint-Gobain and Owens Corning to build joint Glass Reinforcement facility in Mexico

See more news about:

Others also read

Local quality glass producer Emirates Glass Limited has won contracts to supply 68,000 square metres of its high quality EmiCool glass to five major projects in Dubai.
Southwall Technologies Inc. (Nasdaq:SWTX), a global developer, manufacturer and marketer of thin-film coatings for the electronic display, automotive glass and architectural markets, today announced that on Dec. 18, 2003, it secured an agreement for a new bank loan guarantee and equity financing package of up to $7.5 million from Needham & Company, Inc., its affiliates and Dolphin Asset Management.
When did the wine industry start using glass bottles, and how did they settle on their current size of 750ml? For the answer to these questions, you have to go back in time - back thousands of years to when wine was first cultivated and enjoyed.
Praxair, Inc. (NYSE: PX) today announced that its subsidiary Praxair Canada Inc.'s specialty gases plant in Paris, Ontario, Canada, is one of Praxair's first specialty gases plants in North America to complete the upgrade to ISO 9001:2000, the latest ISO 9000 standard for quality.
KUB Malaysia Bhd has accepted an offer from Nippon Sheet Glass Co Ltd (NSG) to acquire its 15% stake in Malaysian Sheet Glass Bhd (MSG) for RM32.6 million in cash, or RM2.68 per share.
Co-Ventures in Glass Containers (CVIGC, Ltd.) of Tampa, Florida, USA and Micro-Tek Canada, Inc. Of Toronto, Canada are excited to announce the beginning of a long term joint venture to combine their extensive experiences and resources to offer the Glass Container Industry globally a best value alternative for all their outsourcing needs in manufacturing, operations and technical assistance agreements, specifically targeted to the smaller manufacturers who have found the larger service companies to be cost and profit prohibitive.The principals of the two companies have found a global need for smaller glass companies who require excellent technical resources to properly compete within the industry without the high costs of employing their own staffs or outsourcing their requirements to the larger service companies whose own operating costs and overhead are substantial.

Add new comment