Owens Corning, IKO To Build Joint-Venture Glass Mat Plant

Jan. 13, 2005
Owens Corning and IKO Industries will invest $50 million to build the world's largest glass fiber mat plant in Danville, Ill., with a start-up date scheduled for June, 2001. The new facility will be called Fiberteq LLC. Each company has a 50% share in ...

Owens Corning and IKO Industries will invest $50 million to build the world's largest glass fiber mat plant in Danville, Ill., with a start-up date scheduled for June, 2001. The new facility will be called Fiberteq LLC. Each company has a 50% share in the manufacturing joint venture, which was initially announced in September. Fiberteq will employ the latest technology to manufacture high quality wet-formed glass fiber mat used mainly in the production of asphalt roofing shingles. "Through the Fiberteq capacity addition, Owens Corning will be able to support the growth in demand for roofing mat," says Yoram Knoop, general manager, Owens Corning Composites Systems Business. "We plan to utilize the additional capacity to support the increasing needs of both our external roofing customers and the Owens Corning Roofing Systems Business. Additionally, the product produced at Fiberteq will meet customers' increasing demands for higher levels of quality IKO is a large producer of roofing products, with offices and factories in Canada, the United States, and Europe. Toledo, Ohio-based Owens Corning is a world leader in building materials systems and composites systems. The company has sales of $5 billion and employs 20,000 people worldwide.

Popular Sponsored Recommendations

Four Common OT Cybersecurity Pitfalls for Manufacturers

April 4, 2023
For the last six years, Dragos has leveraged their Professional Services team to develop an on-the-ground understanding of the realities facing the industrial community and to...

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!