Owens Corning Plans for Divestiture of Brazilian Fiberglass Reinforcements Plant

Owens Corning (NYSE: OC), a leading global producer of glass fiber reinforcements for composite systems and residential and commercial building materials, today announced a decision to divest its fiberglass reinforcements plant in Capivari, Brazil.

The Company has determined that divestiture of the Capivari facility at this time will facilitate long term planning given the uncertainty of the resolution of the Company's ongoing negotiations with the Brazilian competition authority regarding the Capivari site.

Source: http://www.owenscorning.com/

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