Owens Corning completes Russia sale

Owens Corning has completed its sale of its Russia operations in the country to Umatex, a producer of carbon fiber and fiber-based items based in Moscow.

The transaction includes a composites manufacturing plant in the town of Gous-Khroustalny and an Insulation manufacturing plant in Tver/Izoplit. For the nine months ended September 30, 2022, net sales in Russia were approximately US$85 million.

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