Owens Corning has announced plans to invest US$110 million to expand the capacity of its composites operations in India. The investment is intended to support the growing India glass fiber market with the installation of an 80,000 ton glass melter at the company’s existing facility in Taloja, India. The new melter is expected to begin start-up operations in early 2018.
‘Owens Corning is the industry leader in the growing glass fiber market in India,’ claimed Arnaud Genis, Composite Solutions business president. ‘This substantial investment in our Indian business demonstrates our confidence in the strength of the composites market and our continued commitment to our composites customers in both India and globally to meet the increasing demand for innovative glass fiber products.’
‘Expanding our existing operations in India positions Owens Corning well to continue to benefit from a low-delivered cost platform while supporting growth in this region and worldwide,’ added Marcio A Sandri, vice president and managing director – glass reinforcements.
The glass fiber market in India has grown at double-digit rates over the past decade and has operated at high levels of capacity utilization for the past three years, the company said.
This story is reprinted from material from Owens Corning, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
