Owens Corning invests technology expertise; Jinniu provides existing manufacturing capacity; alliance represents capital-efficient supply arrangement; companies to focus on reliable supply of customized, environmentally sustainable glass fibers.
Owens Corning, a global producer of glass fiber reinforcements for composite systems and residential and commercial building materials, has announced a manufacturing supply alliance with Xingtai Jinniu Fiberglass Company.
The supply alliance will utilize Jinniu’s existing glass fiber furnace capacity in China to provide a reliable supply of customized boron-free glass fiber reinforcements. The alliance will leverage Owens Corning’s technology expertise for environmentally sustainable manufacturing. Both companies will continue to operate as separate commercial entities.
“This supply alliance is an example of two companies working creatively to serve glass fiber customers in the high growth China market with a capital-efficient solution,” said Arnaud Genis, Owens Corning Group President, Composites Solutions. “By utilizing Owens Corning’s advanced technology expertise, and Jinniu’s manufacturing capacity, we will continue to meet the market’s present and future needs for boron-free glass fiber reinforcements in China.”
“Jinniu and Owens Corning have agreed to complement each other’s strengths, which will provide a good foundation for sustainable development for both companies,” said Qi Zemin, general manager of Jizhong Energy Resources Co., Ltd., the parent company of Xingtai Jinniu Fiberglass Company. “This is also a creative step to explore new models of development for China glass fiber companies.”