Owens Corning to shed plant in Brazil

Author:: Trade Only Today Editors
Publish date:: Sep 13, 2010
Updated on: Jul 27, 2017

Toledo, Ohio-based Owens Corning is divesting itself of 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," the company said in a statement.

Owens Corning is a leading global producer of glass fiber reinforcements and engineered materials for composite systems and residential and commercial building materials.

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