Owens Corning (OC) operates in the PINK. Famous for its Pink Panther mascot and its trademarked PINK glass fiber insulation, the company is a top global maker of building and composite material systems. The building materials company makes insulation, roofing, fiber-based glass reinforcements and other materials for the residential and commercial markets. Its composite products business makes glass fiber reinforcement materials for the transportation, industrial, infrastructure, marine, wind energy, and consumer markets. Owens Corning traces its historical roots to 1938.


To streamline the company's management and cut costs, Owens Corning in late 2014 reorganized into three business segments: Composites, which generated 36% of the company's total revenue in 2014 and includes reinforcements and downstream businesses; Insulation (32% of revenues); and Roofing (32% of revenues).

Within the Composites segment, the company's reinforcements business manufactures, fabricates and sells glass reinforcements in the form of fiber. Its downstream business manufactures and sells glass fiber products in the form of fabrics, mat, veil, and other specialized products.

Geographic Reach

Ohio-based Owens Corning has about 90 manufacturing facilities in some 27 countries in the Americas, Europe, Africa, and the Asia/Pacific region. The US generates about 70% of its total sales, while Europe and the Asia Pacific regions each contribute more than 10% to sales. Canada and other countries also contribute around 10% to total revenue.

Sales and Marketing

Owens Corning sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors, and contractors in the US. Other asphalt products are sold internally to manufacture residential roofing products and externally to other roofing manufacturers.

The company has decreased its advertising spend in recent years. It spent $100 million on marketing and advertising in 2014, down from $105 million and $109 million in 2013 and 2012, respectively.

Financial Performance

Owens Corning's sales have struggled to grow in recent years as its roofing product sales have continued to decline. The company's profits have also remain depressed since its $19 million loss in 2012.

Owen's revenues dipped by less than 1% to $5.27 billion in 2014 as its Roofing business shrank by double digits on sales volume and selling price declines. Offsetting much of this, Owen's Insulation division sales grew by 6% in part thanks to the company's 2013 acquisition of Thermafiber, but mostly thanks to higher selling prices and a 2% sales volume uptick as the industrial sector continued to strengthen. The Composite division's sales also improved by 5% thanks to a combination of higher sales volumes and prices, and a favorable customer mix as housing starts continued to improve around the world.

Despite the dip in revenue in 2014, Owen Corning's net income jumped by 11% to $226 million for the year as the company paid less in income taxes during the year (in the form of a reimbursement as it paid too much in a previous year). Its operating cash also climbed by 8% to $441 million on higher cash earnings.


Owens Corning's insulation business remains as the business' main strength, and has been growing with the strengthening housing, commercial and industrial construction markets, and as more homeowners have been able to spend on remodeling. In late 2014 the company reported that the company remained as North America's largest producer of residential, commercial, and industrial insulation, and the second-largest producer of extruded polystyrene foam insulation.

Growing global demand has motivated the company to make investments in its composites business, which supplies the industrial, energy, and residential markets. Its OCV Reinforcements and OCV Technical Fabrics units provide lightweight alternatives for steel, wool, and aluminum.

To meet growing demand for bio-based products, Owens Corning in late 2014 broke ground on a new advanced-technology facility in Gastonia, North Carolina. It would offer manufacturing flexibility to produce different widths of the company's Sustaina non-woven glass fiber fabric.

In the past, Owens Corning has also made acquisitions of companies in similar markets to fortify its service offerings at home and abroad.

Mergers and Acquisitions

In June 2013, Owens Corning strengthened its insulation portfolio by purchasing Thermafiber, Inc., a maker of mineral wool commercial and industrial insulation products.Thermafiber's products provide fire protection, sound control, and energy conservation and are found is six of the 12 tallest buildings in the world, including One World Trade Center and the Burj Khalifa Tower in Dubai.

In March 2013, the company acquired Tanaka Kikinzoku (Suzhou) Co. (TKS), a maker of glass fiber bushings and other parts for the glass fiber industry in China. The TKS purchase enables Owens Corning to better serve the Chinese market, which is the largest and fastest growing glass fiber market in the world. TKS was integrated into Owens Corning's GlassMetal Services business.

In 2011, Owens Corning enhanced its loosefill (blow-in) insulation business with the acquisition of FiberTEK Insulation and FiberTEK Insulation West. The deal included manufacturing plants in Florida and Utah.

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1 Owens Corning Pkwy
Toledo, OH 43659-0001
Phone: 1 (419) 248-8000
Fax: 1 (419) 248-5337


  • Employer Type: Public
  • Stock Symbol: OC
  • Stock Exchange: NYSE
  • Chairman, President, and CEO: Michael H. Thaman
  • SVP and CFO: Michael C. McMurray
  • Chairman, President, and CEO: Michael H. Thaman

Major Office Locations

  • Toledo, OH

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