Home / Knowledge / News / Textiles / Owens Corning celebrates 75 years in business
Owens Corning celebrates 75 years in business
01
Nov '13
Owens Corning began when an experiment with glass building blocks produced an unexpected result – it revealed a way to make glass fibers in commercial quantities.

That discovery launched more than a new product. It set in motion a remarkable series of events that included the birth of an innovative company that would develop new industries related to the production of fiber glass materials.

The first, historic step occurred on Oct. 31, 1938, when Owens-Illinois and Corning Glass officially spun off and incorporated Owens-Corning Fiberglas, based in Toledo, Ohio.

Owens Corning's world headquarters remains in Toledo, but its operations span the world. It is a leading global producer of residential and commercial building materials, including insulation and roofing shingles; glass-fiber reinforcements for products such as cars, boats, wind blades and smart phones; and engineered materials for composite systems.

"Our 75th anniversary provides a great opportunity to celebrate where we've been and who we are as a company, and get excited about our bright future," said Mike Thaman, chairman and CEO, who joined with fellow employees at the closing bell ceremony of the New York Stock Exchange earlier this week.

"What makes our employees most proud is that our products improve people's lives. Homes and buildings are more energy efficient. Cars are lighter and conserve more fuel. Wind blades are longer and stronger. Our commitment to our customers is to enable them to deliver those solutions to worldwide markets."

Among the many milestones of which the company takes very personally is its global commitment to safety. Owens Corning's recordable injury rate has declined every year for 11 years. Over that span, the company has reduced the number of injuries from more than 1,000 to less than 100 per year. The goal is to achieve a zero-injury workplace across its nearly 100 worldwide facilities.

Owens Corning's most recent safety milestone was being named by the National Safety Council as the 2014 recipient for its Green Cross for Safety Medal for its "steadfast commitment to improving safety and health in the workplace and beyond."

"Our safety performance is an important example of how Owens Corning sets a goal and then works tirelessly to achieve it," Thaman said. "We must get our employees home in the same safe and healthy condition in which they arrive at work. Our ability to do that exemplifies how we execute as a company on all levels. We are honored to join a prestigious list of organizations to be honored by the National Safety Council."

Other recent milestones include the company earning placement for the fourth year in a row in the Dow Jones Sustainability World Index (DJSI World). This year, Owens Corning was named the Industry Leader for the DJSI World Building Products component.

"Meeting the needs of the present without compromising the world that we leave to the future is this company's unwavering commitment," Thaman said. "Our people continue to prove that our customers, our communities, our employees and our investors can see significant benefits from that strategy. It will lead us boldly into our next 75 years."

Owens Corning


Must ReadView All

Robert Lighthizer speaking at the opening of the ministerial plenary of the 16th Forum of AGOA, in Lome. Courtesy: US Embassy in Togo

Textiles | On 17th Aug 2017

US committed to Africa, Lighthizer tells AGOA forum

The United States and Africa can jointly create a better business...

Textiles | On 17th Aug 2017

Sri Lankan textile exports down 4.1% in May 2017

After showing positive trend for two consecutive months, Sri Lankan...

Courtesy: CBEC

Textiles | On 17th Aug 2017

E-commerce firms need to file monthly statements: CBEC

India’s Central Board of Excise and Customs (CBEC) has clarified that ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.0%
No
17.2%
Skip
13.8%

Total Votes: 29

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
41.4%
No
37.9%
Skip
20.7%

Total Votes: 29

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
82.8%
No
6.9%
Skip
10.3%

Total Votes: 29

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
58.6%
No
10.3%
Skip
31.0%

Total Votes: 29


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X