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Owens Corning: divestment of Brazilian fiberglass reinforcements plant

Owens Corning has announced the divestiture of its Brazil, Capivari facility in order to facilitate long term planning given the uncertainty of the resolution of ongoing negotiations with the Brazilia…

Owens Corning has announced the divestiture of its Brazil, Capivari facility in order to facilitate long term planning given the uncertainty of the resolution of ongoing negotiations with the Brazilian competition authority regarding the Capivari site. Owens Corning is a leading global producer of glass fiber reinforcements and engineered materials for composite systems and residential and commercial building materials. Founded in 1938, Owens Corning had sales of USD 4.8 billion in 2009 and about 16,000 employees in 28 countries on five continents.

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