Content about Corning

August 1, 2012

Owens Corning reported net sales of $1.39 billion for the second quarter of 2012, a 4.1% decrease from sales of $1.45 billion during the same period last year.

Net income for the second quarter, which ended June 30, was $39 million, compared with $78 million during the same period of 2011.

July 9, 2012

Owens Corning has released its sixth annual Sustainability Report, which showed year-over-year intensity reductions in all environmental goals set and a list of innovation-driven achievements.

Among the accomplishments highlighted is a reduction in waste-to-landfill intensity by 22% in 2011, which represents an absolute reduction of more than 37,000 metric tons. Owens Corning also reduced its toxic air emissions intensity by 37% last year. That amounts to an absolute reduction of 236 metric tons.

April 26, 2012

Building products manufacturer Owens Corning reported net sales of $1.35 billion for the first quarter of 2012, a 9% rise over sales of $1.24 billion during the same quarter a year ago. The company reported a net loss of $46 million for the quarter, which ended March 31, 2012, compared with net earnings of $24 million in the first quarter of 2011.

"Owens Corning delivered results in line with our expectations for the quarter," said chairman and CEO Mike Thaman. "We continue to be confident that we will grow adjusted EBIT in 2012.

February 15, 2012

Building products manufacturer Owens Corning reported net sales of $5.3 billion for fiscal year 2011, a 7% increase from net sales of $5.0 billion in 2010.

Net earnings for the year were $276 million, compared with net earnings of $933 million in 2010.

February 8, 2012

Owens Corning Roofing & Asphalt has introduced its next generation of shingles designed to offer maximum durability. The new TruDefinition Duration Series Shingles are engineered with patented SureNail Technology to withstand the elements.

September 21, 2011

Owens Corning has added John Williams, the president and CEO of Domtar, as its newest director, according to a filing with the Securities and Exchange Commission (SEC). Williams was elected after the Owens Corning board decided to increase its size by one member. His term expires in 2014.

Williams will serve on the audit and finance committees.

Domtar Corp. is a Montreal-based producer of paper and pulp products. 

August 5, 2011

Owens Corning reported net sales of $1.5 billion for its second quarter of 2011, a 5% increase over sales of $1.4 billion in the same quarter of 2010.

Net income for the quarter, which ended June 30, was $78 million, compared with net earnings of $937 million a year ago. 

June 13, 2011

From ballots sent out electronically earlier this year, Home Channel News received a record number of votes for Golden Hammer Winners, producing 32 winners in four categories. The LBM & Durables category -- subdivided into seven sub-categories -- produced the following winners:

• Bathroom Vanities & Procelain – Kohler

• Building Materials – Quikrete

• Insulation – Owens Corning

April 27, 2011

Owens Corning has reported net sales of $1.24 billion for its first fiscal quarter of 2011, a 2% decrease from sales of $1.27 billion in the first quarter of 2010. 

First-quarter 2011 net earnings were $24 million, compared with net earnings of $48 million a year ago. 

In composites, net sales increased during the first quarter of 2011 compared to the same period in 2010.  More than half of the increase in net sales was the result of higher selling prices during the quarter.

April 15, 2011

Owens Corning’s Toledo, Ohio, global headquarters has earned gold certification under the U.S. Green Building Council's (USGBC) Leadership in Energy & Environmental Design (LEED) Existing Building (EB) program -- it is the third existing building in Ohio to receive the designation.

The building first earned silver certification under the LEED-EB program in 2007 and has an Energy Star rating, which ranks it among the top 25% of energy-efficient buildings in the United States.

March 28, 2011

Stephen Krull, senior VP and general counsel of Owens Corning, has resigned, effective immediately, to pursue another opportunity, according to a Match 28 filing with the Securities and Exchange Commission (SEC). 

Krull will work with the company to ensure an orderly transition in responsibilities, the SEC document said. Owens Corning also announced that it has appointed John Christy as the interim general counsel. 

February 14, 2011

Owens Corning is the new preferred fiberglass insulation provider to Masco Contractor Services, in a deal announced Monday. The partnership between the two companies is designed to create a more efficient supply chain.

"Working closely with Owens Corning enhances Masco Contractor Services' ability to grow its sales," said Timothy Wadhams, President and CEO at Masco Corporation.  "Collaboration throughout the supply chain will create efficiencies in logistics, lower working capital, consistent supply and better service for its customers." 

December 22, 2010

Owens Corning has signed an agreement to sell its masonry division, which makes Owens Corning Cultured Stone exterior siding, to Boral Industries in a two-part transaction, the company announced. 

The building products supplier will sell a 50% stake in its masonry products unit to Boral Industries for $45 million at closing, and the unit will then be operated jointly until early 2014. At that time, Owens Corning will sell its remaining 50% stake for $45 million and may receive additional proceeds dependent upon 2013 financial performance. 

September 12, 2010

Toledo, Ohio-based Owens Corning announced plans to divest its fiberglass reinforcements plant in Capivari, Brazil....

September 6, 2010

Toledo, Ohio-based Owens Corning announced it will be restarting its second production line in Besana,...

October 28, 2008

Still, the company saw net sales of $1.6 billion in the third quarter, up 28...

August 26, 2008

Karel K. Czanderna held various executive management positions in the home channel before joining the...

October 31, 2007

The building materials company saw benefits from the sale of two of its businesses....

September 18, 2007

The company will net $60 million for the building components business in two separate transactions....

September 3, 2007

The $371 million sale included Owens Corning’s Norandex/Reynolds siding distribution business and three manufacturing facilities....

July 19, 2007

Owens Corning has agreed to sell its Siding Solutions business to Saint-Gobain, parent company of...

July 16, 2007

The company says it is in talks with Paris-based Saint-Gobain on acquiring the French company’s...