Owens Corning eyes Shanghai market after China“s WTO entry

Owens-Corning, US-based manufacturer of glass and building materials, is considering the industrial powerhouse of Shanghai as an ideal place for basing a roof building enterprise. The announcement was…

Owens-Corning, US-based manufacturer of glass and building materials, is considering the industrial powerhouse of Shanghai as an ideal place for basing a roof building enterprise. The announcement was made by Glen H. Hiner, president and CEO of Owens, on 5 July during a meeting with Shanghai Mayor Xu Kuangdi. He told Xu that Chinese consumers have demonstrated a growing interest in energy-saving and environment-friendly building materials. It is therefore necessary to take the opportunity offered by China“s World Trade Organization (WTO) accession to transfer more advanced technologies and launch mass production of new building materials in China. Xu told the guests at the meeting that China“s upcoming accession to the WTO has given new impetus to the city“s development into an international center for commerce, finance, trade and shipping.