Press-releases

Owens Corning Invests $50m in French Composites Facility

Owens Corning has announced plans to invest $50 million to rebuild a glass melter and expand production capacity by approximately 25% at its composites manufacturing facility in Chambéry, France. The company says this investment will support growing demand for thermoplastics in Europe.

The melter is expected to be operational by mid-2018.

“This investment will support our customers’ growth in the thermoplastic chopped strand market by ensuring that we continue providing consistent, high-quality products,” says Umberto Rigamonti, Owens Corning’s Vice President and Managing Director of Glass Reinforcements Europe and Global Thermoplastic Products. “Our Composites business benefits from a strong global footprint, R&D centres in five countries, and assets available and committed to support the increasing adoption of composites. The strategic investment in Chambéry strengthens our value proposition to thermoplastic customers, supporting our respective growth agendas.”

After the rebuild, all thermoplastic chopped strand products from the Chambéry facility will be based on boron-free Advantex glass. Advantex glass contributes to decreased emissions and reduces the environmental impact of manufacturing fibreglass compared to standard E-glass, Owens Corning reports, as well as providing superior performance in composites-facing corrosive environments when compared to E-glass.

In recent years, Owens Corning has invested in facilities and alliances to grow with and support thermoplastics markets.

Terms: Business

Back to top button
X