Owens Corning to Invest in European Composites Operations

October 02 2017

Owens Corning has apprised of plans to invest $50 million to rebuild a glass melter and expand production capacity by approximately 25 percent at its Chambery, France, composites manufacturing facility. The investment will support the growing demand for thermoplastics in Europe. The state-of-the-art melter is expected to be operational by mid-2018.

“This investment will support our customers’ growth in the thermoplastic chopped strand market by ensuring that we continue providing consistent, high-quality products,” said Umberto Rigamonti, Owens Corning’s Vice President and Managing Director of Glass Reinforcements Europe and Global Thermoplastic Products.

After the rebuild, all thermoplastic chopped strand products from the Chambery facility will be based on boron-free Advantex glass.

For identifying growth opportunities in the global continuous fiber thermoplastics market, please visit http://www.lucintel.com/continuous_fiber_thermoplastics_market_2017.aspx

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