LUMBERYARDS

Owens Corning announces purchase of facility in China

BY Ken Clark

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 TKS business. Both Owens Corning and Tanaka have other bushing business concerns globally.

"The acquisition of TKS gives Owens Corning the ability to better serve China, which is the largest and fastest-growing glass fiber country in the world," said Arnaud Genis, Owens Corning Composite Solutions Business president.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
LUMBERYARDS

AZEK crosses half-million tires milestone

BY Ken Clark

Scranton, Pa.-based AZEK Pavers, which offers a hardscape solution for backyards and driveways, has hit a milestone by diverting more than a half million scrap tires from landfills, the company announced 

Made with up to 95% recycled content, AZEK Pavers’ manufacturing to date is responsible for keeping more than 10 million pounds of scrap rubber and plastics out of U.S. landfills by utilizing recycled material from more than 535,000 scrap tires and 16 million plastic food containers and DVD cases. The AZEK Paver manufacturing process also uses 95% less energy and produces 96% less in CO2 emissions than the production of conventional concrete pavers, the company said.

AZEK Pavers, previously VAST Pavers, was first introduced to the market in 2007. In December 2012, AZEK Building Products completed its purchase of VAST Enterprises and the national rollout of the AZEK Paver product line.  

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
LUMBERYARDS

Snavely hires sales representative

BY HBSDEALER Staff

Pittsburgh-based Snavely Forest Products named Brett Kerr as the company’s newest mass merchant representative.

The company said Kerr brings experience from the logistics industry and is a graduate of California University of Pennsylvania with a degree in business administration.

“Brett is a welcomed addition to our Pittsburgh team,” said John DiGnazio, general manager, Snavely Forest Products. “I am impressed with his professional record and can see his genuine interest in growing with our industry.”

LBM distributor Snavely has sales and distribution facilities in Pittsburgh; Westminster, Md.; Dallas; Denver; and Liberty, N.C.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?