Toledo, Ohio-based Owens Corning has announced a deal to purchase a bushing facility in China.
Accoding to Owens Corning, the purchase provides a footprint to serve the fastest-growing glass fiber region in the world.
Owens Corning struck a deal with Tanaka Kikinzoku Kogyo K.K and Tanaka Kikinzoku International K. K. (collectively referred as "Tanaka") to purchase Tanaka Kikinzoku (Suzhou) Co. (TKS). TKS is a producer of glass fiber bushings and other parts, which serve various glass industries in China and has been operating since 2006. TKS will become a part of Owens Corning GlassMetal Services, a wholly owned business unit, which makes glass fiber bushings and related parts for the glass fiber industry.
This purchase only involves Tanaka's T