Owens Corning (NYSE: OC), the leading global producer of glass fiber reinforcements, today held the official opening ceremony of its new production facility in the Yuhang Economic and Development Zone, Hangzhou, China. Nearly 300 customers, suppliers, local government representatives and global corporate leaders joined the celebration.
The plant significantly expands the company's capacity in China and represents a major milestone in the 73-year history of Owens Corning.
"Building a new facility in China is part of our global business strategy to supply our customers locally in growing regions of the world," said Owens Corning Chairman and Chief Executive Officer Mike Thaman. "The new Yuhang plant represents Owens Corning's commitment to serve our customers and the fast-growing China market."
Capacity from the new Yuhang plant, currently in its first phase of operation, will augment output from an existing facility nearby, and will supply rovings to the Asia Pacific market which are currently being imported from Europe and the Americas. The new facility employs approximately 280 people and brings the number of composite production sites in Asia to eight.