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Owens Corning (OC) has announced that it has entered into a Strategic Cooperation and Supply Agreement with Chongqing Polycomp International Corp. (CPIC) for joint investment in technology, and construction and operation by CPIC of a new facility dedicated to the manufacture of high-modulus glass fiber products in China for the wind energy market.
This high-performance glass fiber product enables the construction of longer, stronger, and lighter wind blades. The new facility will be located in Chongqing, China. Expected to be operational by mid-2019, the facility will include a glass furnace with annual production capacity of 110,000 metric tons. The agreement is focused within China. While Owens Corning and CPIC will work together at the manufacturing operation, the companies will maintain independent commercial operations and continue to provide their respective product offerings to customers through separate commercial channels.
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