OWENS CORNING: Raising glass fibre output in India / USD 110m investment to meet growing regional and global demand
To support the growing Indian glass fibre market, Owens Corning (OC, Toledo, Ohio / USA; www.owenscorning.com) plans to invest USD 110m to expand capacity at its plant in Taloja / India. The money will go towards an 80,000 t/y glass melter due to start up in early 2018. The new unit complements the site’s existing 50,000 t/y oven.
Owens Corning purports to be the leading glass fibre producer in India – a country whose glass fibre market has been growing at double digits over the past decade, and where capacity utilisation has been very high for the past three years. Commenting on the investment, Marcio Sandri, vice president and managing director Glass Reinforcements, said the added capacity “positions Owens Corning well to continue to benefit from a low-delivered cost platform while supporting growth in this region and worldwide.
