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Owens Corning is an American company that develops and produces insulation, roofing, and fiberglass composites and related materials and products. It is the world's largest manufacturer of fiberglass composites. It was formed in 1935 as a partnership between two major
American American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, pe ...
glassworks,
Corning Glass Works Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The c ...
and Owens-Illinois. The company employs approximately 19,000 people around the world. Owens Corning has been a Fortune 500 company every year since the list was created in 1955. The Pink Panther acts as the company's mascot and appears in most of their advertisements.


History


1935–1980 controversy

Owens-Corning Fiberglass Company was formed in 1935 through the merger of Owens-Illinois and
Corning Glass Works Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The c ...
. It became a separate company in 1938 with its headquarters established in Toledo, Ohio. In 1938, the company sales reached $2.6 million. The company held its initial public offering on the New York Stock Exchange in 1952. In 1955, Owens-Corning purchased land for a research and testing facility near Granville, Ohio. Also in 1955, Owens-Corning made the first Fortune 500 company list. The company has been on the Fortune 500 list every year since its creation. In 1965, Owens-Corning Fiberglas Europe was formed. In 1966, Owens-Corning established a partnership with Armstrong Rubber Co. to produce fiberglass-reinforced automobile tires. By 1971, Owens-Corning's annual revenue was over $500 million. In 1974, the company opened a temporary plant to produce insulation for the
Trans-Alaska Pipeline System The Trans-Alaska Pipeline System (TAPS) is an oil transportation system spanning Alaska, including the trans-Alaska crude-oil pipeline, 11 pump stations, several hundred miles of feeder pipelines, and the Valdez Marine Terminal. TAPS is one of ...
. In 1977, Owens-Corning acquired Frye Roofing and began production of fiberglass mat to replace traditional paper mat used in roofing. Owens-Corning sales surpassed $1 billion in 1976, and sales were over $2 billion by 1979. In 1978, two shipyard workers filed a class action lawsuit against which alleged that Owens-Corning and 14 other manufacturers had known about asbestos-containing products. Over the next three decades, it was named in hundreds of thousands of asbestos lawsuits. By 2000, it had settled with 440,000 people who claimed Owens Corning’s products caused them to develop asbestos-related illnesses such as mesothelioma.


1981–present

In 1985, Owens-Corning acquired Aerospace and Strategic Metals Group in Newport Beach, California for $415 million from Armco Inc. The color PINK was trademarked through Owens-Corning in 1986, making it the first company to trademark a color. By 1990, Owens-Corning was the defendant in about 84,500 asbestos-related lawsuits. The company opened an Asia/Pacific division in 1993. In May 1994, Owens-Corning acquired UC Industries, which produced Foamular polystyrene insulation, as a wholly owned subsidiary. In 1996, the company changed its name to Owens Corning. In May 1997, Owens Corning acquired Fibreboard Corporation, a vinyl siding and other industrial material manufacturer, which became a wholly owned subsidiary of Owens Corning. The company was ordered to pay $5 million to an asbestos victim in 1997, making it the highest jury verdict in the history of the United States for a single non-malignant asbestos case. In 1999, a jury in federal district court in Florida awarded $1.8 million compensatory damages and $31 million punitive damages against the company for asbestos products. The company filed for Chapter 11 bankruptcy in 2000. In 2002, Owens Corning removed its shares from the New York Stock Exchange. In 2006, the company was listed on the New York Stock Exchange again under ticker "OC." In 2007, Owens Corning announced a joint venture with Saint-Gobain named OCV Reinforcements. Owens Corning partnered with DuPont in 2011 to create a steel and foam energy reduction (SAFER) barrier around auto racetracks. In July 2015, the company announced it would be moving a manufacturing center for mineral wool insulation into an empty plant west of Joplin, Missouri.


Products

In 1939, the U.S. Navy Bureau of Ships made Owens-Corning insulation standard in new warship construction. Warship insulation, called Navy Board, was a permanent form-board insulation covered with woven continuous fiber cloth. Owens-Corning produced a prototype boat hull constructed of fiber glass-reinforced plastic in 1944. In 1945, the company worked with an automaker to produce the first fiberglass-reinforced plastic car body. In 1953, General Motors used this type of body in the Chevrolet Corvette. In 1954, the company invented a process to make centrifugally-spun fiberglass wool, which became the standard process for producing fiberglass insulation. In 1955, Owens-Corning introduced its Perma-Ply roofing material for built-up room insulation covering. The company created its first all fiber (AF) fiberglass wool in 1956. To distinguish its product, the company dyed their insulation pink by adding red dye to the AF wool. However, considering that the coloring made the insulation look pink, the company was concerned that the color would discourage the predominantly male-oriented market away from the material. As such, they decided to remove the coloring from their insulation, only to receive customer requests for the coloring to be restored. The company resumed the coloring in the face of such customer interest to the point of licensing the United Artists cartoon character the
Pink Panther ''The Pink Panther'' is an American media franchise primarily focusing on a series of comedy-mystery films featuring an inept French police detective, Inspector Jacques Clouseau. The franchise began with the release of the classic film ''The Pi ...
in 1979 as the product’s mascot. Furthermore, the company trademarked the coloring in 1987, the first time a color was used for that purpose. After the January 27, 1967, Apollo 1 fire which killed three astronauts,
NASA The National Aeronautics and Space Administration (NASA ) is an independent agency of the US federal government responsible for the civil space program, aeronautics research, and space research. NASA was established in 1958, succeedin ...
worked with Owens-Corning and DuPont to develop
beta cloth Beta cloth is a type of fireproof silica fiber cloth used in the manufacture of Apollo/Skylab A7L space suits, the Apollo Thermal Micrometeoroid Garment, the McDivitt Purse, and in other specialized applications. Beta cloth consists of fine ...
, a fireproof cloth of woven fiberglass coated with Teflon, as a replacement for the nylon outer layer of the Apollo/Skylab A7L space suit. In February 2017, Owens Corning received the Asthma and Allergy Friendly certification for its Pure Safety™ high-performance insulation. "Owens Corning now joins a select group of manufacturers that are focused on product innovation to address people's exposure to allergens and irritants in their homes," said Julian Francis, president of insulation, Owens Corning. At the TCT Show in
Birmingham Birmingham ( ) is a city and metropolitan borough in the metropolitan county of West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the We ...
, the XStrand family of materials was introduced. These composites are used for 3D printing.


Plants


Composites (30 facilities)

* Dallas, North Carolina * Fort Smith, Arkansas * Aiken, South Carolina * Anderson, South Carolina * Blythewood, South Carolina * Jackson, Tennessee * Amarillo, Texas * Rio Claro, Brazil *
Yuhang Yuhang is one of ten urban districts of the prefecture-level city of Hangzhou, the capital of Zhejiang Province, East China. Its 2013 population was estimated at 1.17 million. Its inhabitants speak both Mandarin and a variety of Hangzhounese, ...
, China * Chambéry, France * L'Ardoise, France * Taloja, India * Besana, Italy * Kimchon, Korea * Tlaxcala, Mexico * Gous, Russia * Guelph, Canada * San Vicente de Castellet, Spain * Liversedge, UK * Apeldoorn, the Netherlands * Zele, Belgium


Insulation (31 facilities)

*Delmar, NY *Eloy, AZ *Santa Clara, CA *Waxahachie, TX *Kansas City, KS *Newark, OH *Fairburn, GA *Wabash, IN *Heflin, AL *Trzemeszno, Poland *Izoplit, RU *Toronto, ON *Gresham, OR *Rockford, IL *Tallmadge, OH *Lakeland, FL *Nephi, UT *Edmonton, AB *Joplin, MO *Candiac, QC *Valleyfield, QC *Parainen, Finland * Hallekis, Sweden * Hässleholm, Sweden


Roofing (16 facilities)

* Atlanta, Georgia * Brookville, Indiana * Compton, California * Denver, Colorado * Houston, Texas * Irving, Texas * Jacksonville, Florida * Kearny, New Jersey * Medina, Ohio * Minneapolis, Minnesota * Portland, Oregon * Savannah, Georgia * Summit, Illinois * Memphis, Tennessee *
Asan Asan () is a city in South Chungcheong Province, South Korea. It borders the Seoul Capital Area to the north. Asan has a population of approximately 300,000. Asan is known for its many hot springs and is a city of spas. Asan has grown int ...
, South Korea * Brentwood, New Hampshire


Environmental work

In the Kansas City metropolitan area, Owens Corning purchases locally sourced recycled glass from Ripple Glass to manufacture fiberglass insulation in its local manufacturing plant. The joint effort between Owens Corning and Ripple Glass is helping to greatly reduce the amount of glass that would have been deposited in local Kansas City landfills. The Owens Corning Roofing and Asphalt Shingle Recycling Program was launched in 2009 to keep shingles out of landfills. In 2013, Constellation Energy built a 2.7-megawatt solar power system at an Owens Corning insulation plant in Delmar, New York. The power system, which is leased to Owens Corning, can produce 3.3 million kilowatt hours of electrical energy in a year. The National Safety Council awarded Owens Corning the Green Cross for Safety medal in 2014. Owens Corning received a perfect score of 100 percent on the 2015 Corporate Equality Index released by the Human Rights Campaign. Owens Corning has been recognized on the
Dow Jones Sustainability World Index The Dow Jones Sustainability Indices (DJSI) launched in 1999, are a family of indices evaluating the sustainability performance of thousands of companies trading publicly, operated under a strategic partnership between S&P Dow Jones Indices and Ro ...
for six consecutive years as of 2015. It is also ranked number 1 in the 100 Best Corporate Citizens ranking by Corporate Responsibility Magazine in 2022.


References


External links

* {{Authority control * Glassmaking companies of the United States Asbestos Manufacturing companies based in Ohio Companies based in Toledo, Ohio Manufacturing companies established in 1935 1935 establishments in Ohio Companies that filed for Chapter 11 bankruptcy in 2000 Companies listed on the New York Stock Exchange 2006 initial public offerings 1950s initial public offerings