owens corning in china - utoledo.edu

Owens Corning In China

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Oct 2014

Owens Corning

¡  Founded in 1938, an industry leader in glass fiber insulation, roofing and glass fiber reinforcements

¡  2013 sales: $5.3 billion

¡  15,000 employees in 27 countries

¡  Fortune® 500 company for 60 consecutive years

¡  Component of Dow Jones Sustainability World Index

¡  Three powerful businesses, three valuable franchises

–  Insulation – Roofing – Composites

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Global Profile

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Owens Corning in Asia Pacific

¡  1950’s: JV in Japan

¡  1980’s: Licensees /JV’s in Korea, India, Taiwan, Australia

¡  1990’s: Direct investment in China, with local partners; Regional HQ in Hong Kong

¡  2000’s: Established China holding company; Continued direct investments (100% OC); Regional HQ moved to Shanghai; Opened Building Material Technical Center; Acquired Saint-Gobain’s reinforcement business

¡  2010’s: Built new Insulation and Composites plants; Opened China Composites Center

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Owens Corning in China

5 Guangzhou

Changzhou

Shanghai

Doudian

Tianjin

Nanjing

Shanghai

Hangzhou

Yuhang

Xi’an

Building Materials

Composites

China Opportunities

¡  Energy Efficiency

¡  Growing Middle Class

¡  Continued Urbanization

¡  Westward Expansion

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