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.