Owens Corning has reported consolidated net sales of US$1.9 billion in Q3 2020, an increase of 1% from its Q3 2019 results.
According to the company, economic factors impacting the company’s businesses include global industrial production, US housing starts, and global commercial and industrial construction activity.
‘The company expects the Covid-19 pandemic will continue to create uncertainty in its end markets,’ a press release said. ‘The magnitude of the impact will depend on the depth and duration of the crisis, as well as the timing of the recovery in the markets served by the company.’
‘The health and safety of our employees, their families, and all our stakeholders remains a top priority while we focus on serving the needs of our customers,’ CEO Brian Chambers. ‘Our strong Q3 performance is a testament to the strength of our market positions, the depth of our product offerings, and the resiliency of our teams to execute well in challenging times.’
This story uses material from Owens Corning, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.