PEOPLE & PRODUCTS

MAKING HISTORY

Owens Corning Milestones

1

OWENS CORNING MILESTONES

First prepared by Don Eberts and Katie Steele, 1888 – The first attempt at commercial with thanks to the following people for information production of mineral wool occurs in provided: Dale Kleist, Jack Thomas, Roy Smith, Cleveland, Ohio. John Marshall Briley, Edward Hamlin Everett (The Bottle King), G. Wallace Chissman, Curtis ***** W. (Bud) Abbott, Bob Pistole, Pat Pacella, Joe Doherty, Frank Brisley, Ray Brinkley, Tom 1892 – March: The first continuous tank Powers Jr., Pat Trzaskowski, Pete Liutan, Fred furnace begins operating at the EDWARD H. Heumann, Rodger Hood, John Knerr Sr., Bill EVERETT COMPANY, supplementing its day Dent, Ray Osburn, Doug Blenkhorn, Rod tanks and pot furnaces. Irving, Carl Rimmel, Tom DeSloover, Pat Crouch, Sharon Lowe, Dick Miller, Bob Holler, 1893 – An actress, Miss Georgia Cayvan, Bob Venia, Carol Murray, Michelle Hamman, models a dress and parasol made of Patty Rupert and many others. Last updated Hammesfahr glass cloth at the Columbian by Bill Hamilton through April 30, 2019. Exposition in Chicago. The dress is made by the LIBBEY GLASS COMPANY in Toledo to ***** create additional interest in its cut glass exhibition at the fair. The dress, impossibly 1870 – John Player patents the steam-jet method heavy and brittle, proves impractical for of manufacturing mineral wool insulation from ordinary wear. (The dress is presently in molten slag. Other names for this type of product storage at the TOLEDO MUSEUM OF ART.) are “slag wool” and “rock wool.” 1896 – The EDWARD H. EVERETT 1873 – October 1: The NEWARK STAR GLASS COMPANY is manufacturing between 30 and WORKS is founded by Wm. Shields, D. G. King, 40 tons of glass bottles daily, employing 500 D. E. Stevens, W. E. Atkinson, & D. C. men at the main works and 50 more at the Winegarner. The plant covers two acres, has one sand quarry near Black Hand Gorge on the green glass pot furnace, and its glass for bottles Licking River. and jars is “...unsurpassed anywhere for purity and whiteness.” The plant site is bounded by Oak 1897 – C. C. Hall begins successful Street on the north, the B&O tracks on the west, commercial manufacture of mineral wool and Furnace Street (an extension of what would insulation in Indiana. A stream of molten slag later be called Stanberry Street) on the east. The is hit with a steam jet; the slag is torn into site extends just past Log Pond Run on the south. droplets which are propelled outward by the The furnace is in the northeast corner of the steam blast, trailing slag fibers behind them. property. Much of the land later incorporated in The fibers are collected in a box. the Newark plant is owned by Wm. Shields. Approximately 20%-30% of the approximate 19 pounds per cubic foot weight of the mineral ***** wool, thus formed and collected, is composed of droplets or “shot.” 1880 – Herman Hammesfahr, an American showman, patents a glass cloth made of coarse ***** spun fibers gathered in bundles and woven together with silk threads. 1901 – Newark’s Bottle Factory #6 is built. This building will become known as the “High 1880 – August 28: Edward H. Everett buys the School Building.” The origin of the name is NEWARK STAR GLASS WORKS. uncertain. Perhaps the most plausible explanation is that many 12-14 year old boys 1885 – December 9: The NEWARK STAR went to work in the factory as apprentices GLASS WORKS is renamed the EDWARD H. instead of to high school; thus, the factory EVERETT COMPANY. became their substitute for an academic or vocational high school education.

2 1901 – Spring: Fire, caused by lightning, burns much of the Newark plant to the ground. 1915 – Crude fiberglass insulation is manufactured in Germany using the Gossler 1902 – January: Reconstruction of the Newark Process: molten streams of glass are plant begins; Bottle Factory #7 is built. collected on a slowly revolving, horizontal drum, then cut off the drum and fluffed by 1904 – First use of spun glass insulation in hand to make a heavy insulation of uneven Europe. density.

1904 – October 11: The EDWARD H. EVERETT 1915 – Building #30, the “Pot House Building,” COMPANY becomes part of the OHIO BOTTLE is completed at Newark. Clay boots and COMPANY. channels for continuous bottle furnaces are made in the building. (The name derives from 1905 – May 6: The NEWARK MACHINE BOTTLE the clay pots, similar to the boots and COMPANY is established at the Newark plant to channels, which were used for hand blown make glass bottles using Michael J. Owens’ bottle manufacture.) invention: the automatic bottle machine. 1916 – The AMERICAN BOTTLE COMPANY 1905 – August 25: the AMERICAN BOTTLE retains its name but becomes a subsidiary of COMPANY buys out The OHIO BOTTLE the OWENS BOTTLE MACHINE COMPANY. COMPANY. ***** 1906 – May: Michael J. Owens achieves the first commercial production (6-10 bottles per minute) 1922 – A new automatic batch plant is built at of machine-made bottles in the Southwest corner Newark. (This plant is essentially still in use.) of Newark’s Factory #7. (This portion of Building #7 is still standing. In addition to this achievement, 1923 – Newark’s Building #1 is built as a this part of Building #7 would later be the bottle warehouse. The monitor roofs cover laboratory where the steam blown wool, bonded two railroad tracks running the full length of mat, staple fiber, continuous fiber, aerocor staple, the building. (This building today houses the direct melt bonded mat, direct melt continuous Newark Wool Factory.) fiber, textile mat impregnating, electrode melting, submerged arc melting, and rotary wool 1925 – CORNING GLASS briefly experiments processes would be developed.) with making glass wool.

1906 – Bottle Factory #8 is built, it will later 1927 – Seven companies sell 30,000 tons of become the Newark Wool Factory Furnace Hall - mineral wool insulation per year in the United Building #8. States.

1907 – Bottle Factory #9 is built and is the first 1927 – Russell Games Slayter, a consulting glass factory with automatic batch handling engineer, invents a method for blowing equipment (Newark’s present Buildings #‘s 4,5, mineral wool insulation into attics and walls of and 6 now stand on the site.) houses.

1907 – December 20: the AMERICAN BOTTLE 1928 – JOHNS-MANVlLLE, STANDARD LIME COMPANY buys out The NEWARK MACHINE & STONE COMPANY, GENERAL BOTTLE COMPANY. INSULATING & MANUFACTURING COMPANY (GIMCO), and THERMINSUL 1909 – The Licking River floods the Newark plant, CORPORATION OF AMERICA are by this temporarily interrupting production. time developing processes to manufacture mineral wool batts continuously. Mineral wool 1910 – The AMERICAN BOTTLE COMPANY’s is blown onto a settling conveyor, instead of Newark plant is the largest bottle factory in the into a collecting box; the mineral wool thus world. formed is conveyed through a fabrication section, to be slit to width and cut to length, 1914 – Hand blown bottle manufacturing is and then conveyed to a packing station. discontinued at Newark.

3 1929 – In Germany, Rosengarth and Hager patent a process in which a stream of molten 1931 – July: Games Slayter hires John R glass falls onto a spinning, horizontal disk “Jack” Thomas as his full-time research supported from below. The molten glass is flung assistant. off the disk by centrifugal force to make a crude form of glass wool. The Hager Process resembles 1932 – February: Experimental filter the cotton candy spinners found at county fairs, production is moved from Evansville to O-I’s spinning a doughnut of crude glass fibers with Columbus, Ohio bottle plant. Tapping a boot high shot content into a collection box. on a milk bottle furnace provides continuous glass feed. 1929 – May 1: William B. Levis, head of the ILLINOIS GLASS COMPANY, effects a friendly 1932 – February: After a six-week sales trip, merger between his company and the OWENS Frank Myers returns with total orders for 36 BOTTLE MACHINE COMPANY. OWENS’ “Dust-Stop” filters! AMERICAN BOTTLE COMPANY subsidiary, including the Newark plant, become part of the 1932 – February 5: The first commercial new enterprise: the OWENS-ILLNOIS GLASS shipment of a fiberglass product – a “Dust COMPANY with William E. Levis as its CEO. Stop” filter – is made.

***** 1932 – Jan Irvine and Frank Myers begin to build sales of “Dust-Stop” furnace filters by 1930 – July 18: Excess bottle-making capacity, persuading blower manufactures to promote due to prohibition and higher throughputs per the filters to furnace manufacturers in order to bottle machine, cause OWENS-ILLINOIS to close sell more blowers. the Newark plant The furnaces are abandoned hot, when the furnaces cool, they rupture, 1932 – April 17: First commercial production dropping broken refractory and molten glass into of “Dust-Stop” fiberglass furnace filters the furnace hall basements. The plant is left in a occurs. Production rate is approximately 1,000 dreadful state with only a skeleton crew filters per day. disassembling equipment for shipment to other, still operating O-I plants. 1932 – An experimental insulation wool machine, similar to a continuous mineral wool 1930 – ARTHUR D. LITTLE consultants suggest batt production machine, is built. Coarse glass that OWENS-ILLINOIS use its excess glass- fibers are sprayed with latex as a protective making capacity to manufacture glass mineral coating and binder; the process is not wool insulation. Despite recurrent pressure to end successful. the costly research effort, William E. Levis gives his full support then and throughout the 1930’s to 1932 – August 17: Dale Kleist, a young the fiberglass experiments and production. assistant to Jack Thomas, is assigned the experiment of using a metalayer gun, fed with 1931 – February: Leonard Soubier and Joe glass from a milk bottle furnace, to attempt to Wright conduct experiments in making glass weld architectural glass block halves together mineral wool at O-I’s Alton, Illinois bottle plant; the to form a vacuum-tight seal. Instead of result is heavy, full of shot, and more expensive to producing a continuous stream of molten make than mineral wool. glass, the gun only produces fine glass fibers! Kleist is very frustrated. Jack Thomas walks 1931 – Spring: The experimental apparatus is by, watches for a few moments, grabs some removed for transfer to O-I’s Evansville, Indiana of the fibers, and takes off like a child with a bottle plant. truckload of new toys saying “glass fiber!” Jack Thomas immediately recognizes that 1931 – April: Games Slayter, hired as a these fine fibers are the insulation-quality consultant by OWENS-ILLINOIS’ Vice President, fibers that Games Slayter has been seeking. C. B. Belknap, to develop glass block inspects Slayter, Thomas, and Kleist realize that crude fibers hanging from the roof joists at Alton applying a jet of compressed air smoothly to a and concludes that they might make good fine stream of molten glass avoids the filtration media. He foresees that finer fibers could disruption of glass flow inherent in the mineral make suitable insulation material. wool and current fiberglass forming

4 processes. The result is a much finer fiber with intertwine, resulting in a felted mat of great lower shot content. resiliency but very little weight

1932 – Fall: Dale Kleist orders a stranger to get 1933 – Jack Thomas installs the first his hands off of the experimental glass wool he is fiberglass insulation in a refrigerator; asphalt making and thereby meets Harold Boeschenstein, is used as a binder. the Vice President and General Manager of the OWENS-ILLINOIS GLASS COMPANY! 1933 – January: The U. S. GYPSUM Boeschenstein is interested in the fiberglass COMPANY agrees to market fiberglass experiments. insulating wool under its own trademark: “Red Top.” 1932 – Fall: An experiment with a gigantic version of the metalayer gun causes an explosion and fire 1933 – Spring: Refractory orifices must be which disrupts milk bottle production and replaced every 8 hours due to abrasion by the threatens to burn the plant down. The result is molten glass. The idea of lining the refractory increased pressure to either discontinue or move orifices with a precious metal insert, or the fiberglass experiments from the Columbus “bushing,” is conceived to retard orifice wear plant. and ensure constant glass stream diameters. Ed Fletcher machines the first bushings, 1932 – Fall: Dale Kleist suggests to Games which are installed on the filter machine Slayter the concept of using steam instead of forehearth. Bushings soon develop into compressed air to attenuate glass fibers. Kleist separate assemblies attached beneath believes that steam would be cheaper and refractory orifices. produce a much finer fiber. Slayter tells Kleist to show him how this should be done. Kleist, 1933 – March: Games Slayter has Jack designs, supervises construction of and Thomas conduct experiments at PROCTOR & successfully operates a steam blower which SCHWARTZ in Philadelphia using glass wool makes glass wool fine enough to be used as a instead of natural fibers on textile processing commercial insulation and cheap enough to machinery. These experiments indicate the compete with mineral wool. The blower runs at possibility of substituting glass fibers for 200 lb/hr producing a long-fiber wool of 80-100 natural or other synthetic fibers in textile HT diameter. (The experiment is brought to an applications. abrupt end: the boilers are nearly drained by a steam demand of 20,000 lb/hr and the police 1933 – July: The first sale of experimental arrive to discover the cause of the horrendous glass fiber insulation as a substitute for noise disturbing the Saturday morning calm.) asbestos and silk in electrical wire Nonetheless, this is the start of commercial applications occurs. fiberglass insulation production. 1933 – October: The first commercial 1932 – The U. S. Navy Bureau of Ships begins installation of “Red Top” insulation occurs in a using fiberglass “White Wool” insulation for building in Wheaton, Illinois. horizontal spaces in new warship construction. White Wool is unsuitable for vertical spaces; 1933 – October 2: First experimental being unbonded, it settles into a heap at the production of Staple Sliver or “Glass Cotton” bottoms of bulkheads. takes place. Staple yarns will be manufactured until the 1970’s for use as yarns 1932 – December: Slayter, Thomas, Kleist, Ed in insulating electrical wire and cable and for Fletcher, Hany V. “Snuffy” Smith, Al Simison, D. other purposes. C. “Shorty” Simpson, W. MI. Bergin, George Lannan, J. K. Park, Ben Boyd, and others develop 1933 – December: ARTHUR D. LITTLE the steam-blown fiberglass process used to make consultants working with O-I develop the first insulation and filter media for the next 42 years. completely successful filter adhesive. The Steam is used instead of compressed air due to adhesive, applied to the coarse filter fibers, cost. The jet of steam smoothly applied to multiple causes dust to adhere to the fibers. fine streams of molten glass attenuates the streams into fibers. The multiple fibers naturally 1933 – December 5: Expanding fiberglass experiments increasingly interfere with bottle

5 production. Plant management is concerned that 1934 – Oil emulsion is first mixed and sprayed balls of fiberglass wool might get inside the milk on fiberglass wool and filter media fibers bottles. Moreover, viscous milk bottle glass is immediately downstream of the bushings to seen to be unsuitable for fiberglass manufacture. prevent fiber break-up. The building where the The decision is made to relocate the fiberglass mixing is done becomes known as the “Oil operations to the closed Newark, Ohio plant. Fred House” (Building #20). Schlotter is the first plant manager, Ben Boyd is the first wool factory superintendent and Bill 1934 – November 28: First experimental Bergin is the first plant engineer. Work begins at Bonded Mat machine begins making battery Newark to mine debris out the former Bottle separator mat in Building #7 Pilot plant. Factory #8 and recondition the #2 (later “B”) and #3 (later “C”) furnaces and to prepare the former 1935 – Games Slayter invents the concept of Bottle Factory #7 as a laboratory and machine applying asphalt coated Kraft paper to White shop. The Newark plant becomes part of OWENS Wool as a vapor barrier. ILLINOIS (Onized) Industrial Materials Division. 1935 – Dale Kleist and Frank Vanucci use the 1934 – Spring: F. W. “Doc” Atkinson develops Edgerton high speed “spark” photography and builds the first bushing transformer and process to photograph glass “vee” jets for flexible busbar assembly. This equipment allows analysis purposes. precise temperature control of the bushing, thereby allowing precise regulation of glass flow 1935 – Spring: To improve fiberglass wool and viscosity. pack formation, Slayter and Kleist design steel chutes positioned beneath each wool machine 1934 – May 7: Filter media production begins in bushing. The chutes direct the steam and Newark on equipment relocated from Columbus fiberglass blast downward into an enclosed, to the Southwest end of Building #7. streamlined-steel “forming hood.” They are initially installed on C-1 and C-2 white wool 1934 – May 15: The Research Laboratory is machines. moved from Columbus to Newark, Games Slayter becomes an O-I employee. 1935 – Spring: The C-Furnace bushings are repositioned in two lines running along the 1934 – June 6: White Wool production begins at machine flow direction and at right angles to Newark on two 30 inch wide machines each with the furnace backwall. This results in a 8 bushings fed from the #3 (later “C”) furnace at a considerable improvement and establishes maximum furnace pull rate of 25 tons per day. the bushing layout for all future wool The bushings are positioned in a single line machines. across the machines, parallel to the backwall of the furnace. 1935 – Al Simison and ARTHUR D. LITTLE consultants experimentally combine fiberglass 1934 – October: J. L. Tucker uses a hand loom wool with a Bakelite binder, thus making the and Staple fibers to produce the first woven glass first fiberglass-reinforced plastic material. cloth. 1935 – August 30: Jack Thomas and Dale 1934 – Granular batch is supplemented by re- Kleist make the initial patent application for melting huge quantities of Canada Dry Ginger Ale glass wool manufacture. OWENS-ILLINOIS’ bottles and other bottles abandoned since the legal department advises not issuing the 1930 closing of the Newark plant. The bottles patent to ensure secrecy. didn’t make the best quality fiberglass, but at least the plant site is cleared. 1935 – September: Dr. Urban E. Bowes, O-I’s Director of Research, proposes the use of 1934 – Resenting production interruptions by borosilicate glass formulas for fiberglass Slayter’s research team, the plant erects an 8-foot insulation; borosilicate glasses eliminate high fence separating Building #7, the research fiberglass wool disintegration due to moisture building, from the rest of the plant; a pass-key is attack or “weathering.” required to open the gate. In time, relations improve and the fence comes down. 1935 – George Gregory, a consultant to CORNING GLASS, advises CORNING of the

6 potential growth of the fiberglass building 1936 – May 17: Two-thirds of Building #7 at insulation market; CORNING opens negotiations Newark burns to the ground. The probable with OWENS-ILLINOIS. O-I management sees cause is spontaneous combustion of coatings potential advantage in tapping CORNING on early sample filters stored in the loft of the GLASS’s unique knowledge of glass formulations, building. Samples, models, and most early especially borosilicate glasses. records are lost in the fire. The South end of the building and the experimental laboratory it 1935 – October 14: William E. Levis of OWENS- contains survive the fire; the machine shop ILLINOIS GLASS COMPANY and Amory and chemical lab equipment are salvaged and Houghton of CORNING GLASS agree to pool temporarily relocated to other buildings. their knowledge and share the costs of fiberglass developments. 1936 – Experiments with bentonite-saturated fiberglass pipe insulation begin on the second 1935 – Slayter and Thomas conceive the idea of floor of the Newark “High School” Building mechanically-pulled, as opposed to steam-blown, (formerly Bottle Factory #6). The bentonite is glass fibers for textile applications; this fiber type intended to improve K value but is not very would be known as “Continuous Fiber” or “Glass successful. Silk.” 1936 – Manufacture of Metal Mesh Blankets, 1935 – November: First experiments are White Wool tied to steel mesh fabric, begins conducted in Continuous Fiber manufacture. for use in insulating boilers and turbines. Fibers are drawn from the bushing over a flannel pad, saturated by a steady drip feed of a starch 1936 – CORNING GLASS develops the 12 based size, and wound on a phenolic tube on a foot wide Norwood Stitcher sewing machine to G-21 type Winder. Forming packages are “built” sew White Wool batts to paper or cloth by a horizontal, rotating Traverse Wheel: pins backings to make insulation suitable for projecting from the rim of the wheel engage the installation in walls. fiber, pulling it across the face of the revolving winding tube. When the pin disengages from the 1936 – Fall: Three experimental continuous fiber, the fiber tension pulls the fiber in the fiber bushings and winders are operating in opposite direction across the winding tube until the Building #7 Pilot plant. the fiber is engaged by the next Traverse Wheel pin. (Later, water mist sprays are placed above 1936 – December: Games Slayter and Ed the size application pad to cool the filaments, thus Fletcher invent “Curly Wool.” This product is giving rise to the term “Pre Pad Sprays.”) Henry made by using intermeshing spur-gear-type Snow builds and operates the first continuous pullers to pull filaments just downstream of the unit. bushing. The resulting product looks and feels similar to steel wool. Intended to be a 1935 – Blowing Wool is first made using a two- commercial insulation product, production stage cuber. This machine proves unsatisfactory proves uneconomical: the glass would have to and is soon replaced by shredders, which are be of optical quality and the spur gear pullers rolled to the discharge ends of the wool lines to would have to pull glass at speeds in excess make Blowing Wool from virgin White Wool. of 40,000 feet per minute! The equipment is used periodically over the years to make small 1935 – Newark’s Bottle Factory #9 and other quantities of Curly Wool for catalyst media, decrepit buildings are razed. filters, missile silo insulation, and other special purposes. It is moved to Huntingdon in 1972 1936 – January 17: FIBERGLAS, spelled with one and later moved to Ashton where it is “S”, is first used as a trademark on O-I fiberglass abandoned in 1974. products. The trademark is rendered in an elegant, cursive script. 1937 – A-1 Filter Machine is temporarily installed on the North side of Newark’s 1936 – OWENS-ILLINOIS helps CORNING Building #8; it remains in place for the next 18 GLASS establish experimental wool and other years! equipment at CORNING’s plant in Corning New York. 1937 – September: E-1 Machine, 30 inches wide with a 2 ton furnace, is built to

7 manufacture specialty Navy Wool insulation. It 1938 – November 1: OWENS CORNING takes an hour to make one roll of this insulation FIBERGLAS CORPORATION is announced; (27-30 lb./B.O.H.). Harold Boeschenstein (“Beck”), formerly O-I’s Vice President and General Sales Manager, is 1937 – On “Dustop” filters, O-I changes the named President and General Manager. expanded metal retainers, used to hold the Games Slayter and W. Paul Zimmerman, fiberglass media in place, to perforated metal formerly Manager of O-I’s Glass Fiber and plates. The plates are the metal sheets used by Block Division, become Vice Presidents; A. C. soft drink companies to punch out metal disks to Freligh, formerly of CORNING GLASS, be made into bottle caps! becomes Secretary, and Harry K Winkle, of O-I, becomes Comptroller. General offices are 1937 – October 20: Building #7, rebuilt in Art located in Toledo in the Second National Bank Deco glass blocks and tile, is dedicated as the and Toledo Trust Buildings. Ownership of the OWENS-ILLINOIS Research Laboratory; stock: 47-1/2% to O-I and 47-1/2% to Research and Development is located in this Corning, with the remaining 5% held for building until the construction of the Granville purchase by the OWENS CORNING Technical Center. executives. In addition, $2,100M of preferred stock is split 5 for O-I to 1 share for Corning to 1937 – November: Six Continuous Fiber Winders account for the value of the Newark plant in the “High School” Building produce E glass at turned over by O-I to OWENS CORNING. the rate of one pound per hour per machine. Equipment is transferred from Corning, New York to Newark. 543 people are employed at 1937 – Jack Thomas patents the design of a Newark. centrifugal spinner with a single row of holes, supported from overhead. This design permits 1938 – Production of glass marbles, replacing glass fibers produced by the spinner to be cullet, begins and improves the reliability of collected on a moving conveyor belt beneath the the Continuous Forming process. Marbles are spinner instead of in a box as with the Hager made by melting batch in desk-sized “day Process. The patent is shelved in favor of tanks” and hand ladling molten glass into the continuing development of the steam blown marble machines. The design of the marble process. This is the first real rotary process making machines is adapted from machines patent. used by the AKRO AGATE COMPANY to make the glass spheres used by children to 1938 – Forty Continuous Winders are now play “marbles.” operating, along with 10 Staple Winders in the “High School” Building. 1938 – Experimental production of asphalt- saturated fiberglass expansion joints for 1938 – Economic recession and competition from highway construction begins on the second improved forms of mineral wool cause OWENS- floor of the “High School” Building. ILLINOIS to operate the Newark FIBERGLAS plant at half-capacity. Continuing losses and 1938 – Al Simison and Bill Bergin patent a experimental costs prompt OWENS-ILLINOIS and thermosetting phenol- formaldehyde resin and CORNING GLASS to consider spinning off the oil emulsion blend for use as a binder in experimental fiberglass operations as a separate manufacturing fiberglass insulating wool. company to “sink or swim” on its own. As Harold Boeschenstein puts it, O-I and Corning decide 1938 – December31: OWENS CORNING “...to stake the boy and put him on his own.” sales for 1938 total $2,555,000; employment is 632 people. 1938 – June 28: The patent for glass wool manufacture (2,121,802) is granted to Jack 1939 – W. Paul Zimmerman “Zim” sponsors Thomas and Dale Kleist. addition of a 100 foot long curing oven to the C-1 White Wool machine to cure phenolic- 1938 – October 31: Papers incorporating the based binder applied in the forming hood to fiberglass operation as a separate company are make rigid and semi-rigid fiberglass insulating filed with the state of Delaware. wool; Slayter is very skeptical.

8 1939 – March: C-I Machine successfully produces the first PF (Permanent Form) wool. PF wool 1940 – The Continuous and Staple twisting gradually replaces Sewn Blanket insulation, and weaving operations are transferred from permits improved residential and commercial the “High School” Building to the second floor insulation, and opens new opportunities for of Building #2. insulation of naval construction and industrial insulation applications. Insulation is made from 1940 – The first graphite roll-type size 1/2 inch to 6 inches in thickness at line speeds applicators begin to replace size-saturated ranging from 125 feet per minute to 6 feet per flannel pads in the Continuous Forming minute. Process.

1939 – Molded Pipe production, using PF binder, 1940 – February: People in the Toledo Trust begins in the “High School” Building. Uncured PF Building are moved to the National Bank wool is placed in molds, which are inserted into Building in the first Toledo office move. presses and there cured to the desired pipe insulation shapes. The presses are modified 1940 - September: #1 Bonded Mat Machine automobile tire presses. begins operation in Newark.

1939 – Dr. Fay V. Tooley becomes Director of 1940 – Experiments in using heat sintering Glass Research, Development and Control. and heat sintering combined with bentonite instead of the phenolic-formaldehyde binder 1939 – July 11: FIBERGLAS CANADA is to make semi-rigid batts and pipe insulation incorporated. prove unsuccessful.

1939 – OWENS CORNING has an attention- 1941 – The Consolidated Batch Plant is catching display at the World’s Fair in Flushing installed in Newark’s Building #17 to make Meadows, New York. Staple and continuous batch briquettes to replace cullet in the yarns are manufactured on-site and fiberglass continuous forming bushings. Intended to samples and booklets are given to visitors. (The reduce batch segregation, the result is exactly operation even runs at a profit!) the opposite. Experiments continue for some time, but the process is never successful. 1939 – The U. S. Navy Bureau of Ships makes OWENS CORNING insulation the standard 1941 – Experiments begin with heat cleaning insulation for all horizontal and vertical spaces in and treating fiberglass cloth in Newark. The all new warship construction. heat treatment gives the cloth a “better hand”, making it more flexible. Heat cleaning proves 1939 – December 29: OWENS CORNING and to be a key element in making fiberglass the DUPLATE SAFETY GLASS COMPANY fibers suitable for use as reinforcements in establish FIBERGLAS CANADA. Each founding plastic laminates. company holds a 50% share of FIBERGLAS CANADA. Later, PPG will buy out the DUPLATE 1941 – June 2: The Ashton, Rhode Island SAFETY GLASS interest. plant begins operations. Ashton is a 73-year- old former textile factory purchased by 1939 – December 31: OWENS CORNING net OWENS CORNING and equipped to loss is $11,555 on sales of $3,800,000; OWENS manufacture Continuous and Staple fibers. CORNING employs 1,080 people. Ashton thus becomes the second OWENS CORNING manufacturing plant. ***** 1941 – September: Fiberglas Canada begins 1940 – The World’s Fair exhibit continues. A new textile production at the DUPLATE SAFETY feature is a conventional 10 HP motor contrasted GLASS plant in Oshawa, Ontario. to a fiberglass-insulated 10 HP motor built on a 5 HP frame. This graphic demonstration of the 1941– OWENS CORNING employs 2,955 efficiency of fiberglass insulation and its potential people. for reducing motor size and weight greatly impresses General Electric, Westinghouse, and 1942 – Throughout World War II, OWENS electrical engineers from many other companies. CORNING runs at capacity. The principle

9 product is Navy Board, a PF board insulation covered with woven Continuous Fiber cloth for 1942 – September 23: Newark’s #1 use in insulating warships. Navy Board is applied Continuous Marble Furnace begins to bulkheads and ceilings; the exposed woven production; marble day tanks are gradually glass cloth surface is painted. Thus, lightweight, replaced by continuous marble furnaces. non-flammable insulation and finished wall surface are combined in one product. OWENS 1942 – December 30: Newark’s Building #12, CORNING manufactures the PF boards and the “Old Power House” is converted into “New Continuous yarn; the yarn is woven into cloth Continuous Forming” with the installation of 80 primarily by contract weavers; then, the woven Continuous Winders for Navy Board cloth cloth is shipped to Newark where it is applied to facing yarn production. The 40 winders in the the boards on a machine in the new “Navy Board” “High School Building” are now known as “Old Building #5. More than 22,000,000 square feet of Continuous Forming.” Navy Board are made in 1942 alone. 1943 – OWENS CORNING establishes 1942 – Harold “Beck” Boeschenstein becomes offices in the Willis Day building, occupying involved with the Federal Government’s War half of the second floor. Production Board, ultimately becoming that organization’s Operations Vice Chairman. This 1943 – May: The combined employee total for vital work forces Beck to be absent from OWENS Newark and Ashton is 5,150 people. CORNING during much of World War II. W. Paul Zimmerman assumes overall management 1943 – October 1: OWENS CORNING begins responsibility during Beck’s absence. to operate the Federal Government’s Reconstruction Finance Corporation-owned 1942 – Process Engineering is located in Building plant, formerly the SUSQUEHANNA SILK #2 at Newark while a new engineering group, MILLS, in Huntingdon, Pennsylvania as a headed by Henry “Hank” Hogendobler, is textile plant to provide additional Continuous established in Toledo to design plant buildings Fiber for Navy Board manufacture. and additions required by the war effort. 1943 – October: The Spiral Wire Traverse, 1942 – White Wool insulation, special Navy Wool replacing the cumbersome Traverse Wheel insulation, Bonded Mat, battery separators, sewn design, is developed and first used on blankets, metal mesh blankets, and Staple Continuous Winders in Huntingdon. Drawing electrical wire insulation are among the products an analogy from his reel-type lawn mower one which comprise the remainder of OWENS weekend inspires George Beach, the inventor. CORNING’s production. 1943 – Navy Board production is in excess of 1942 – OWENS CORNING works jointly with the 40,000,000 square feet. U. S. ARMY AIR FORCE to develop low- pressure, plastic laminates for use in structural 1943 – OWENS CORNING’s highest wartime aircraft parts. These laminates are made by hand employment is 6,390 people. lay-up methods from fiberglass cloth impregnated with resin. It takes up to 6 hours to cure laminates 1943 – December 31: More than 900 people 1/8 inch thick. are employed at the Huntingdon plant.

1942 – Screw-type batch chargers begin to 1944 – January: Newark’s wartime replace gravity feed and hand shoveling of batch employment peaks at 3,675 people. into furnaces. Attempts to feed scrap wool into the furnace as cullet cease; the practice causes 1944 – Spring: The first prototype boat hull furnace upsets. made from fiberglass reinforced plastic is completed. It consists of glass cloth cured 1942 – June: Full scale production of AE (Asphalt over a flimsy canoe-type hull. (It collapses Enclosed) and AE-F (Asphalt Enclosed-Floor) during a two-mile trial on the Licking River board begins in Newark. PF boards are coated on during the spring flood!) all sides with asphalt and used for cold storage room insulation on land and in the holds of 1944 – Navy Board production is in excess of refrigerated ships. 60,000,000 square feet.

10 Building #5 at Newark. The result is fibers 1944 – Invention of improved polyester resins and composed of pure silica dioxide. The process the Low-Pressure Bag Molding Process is sold to the R L THOMPSON COMPANY for decreases cure time for fiberglass plastic $25,000. Years later, pure silica dioxide fibers laminates. will become critically important to the aerospace industry. 1944 – Superfine fiber is developed in Newark; flame-attenuated fibers are used for life jacket 1946 – The first FRP fishing rods, serving flotation media and for aircraft insulation; trays, and pleasure boats are marketed. Superfine is gradually renamed Aerocor, after its use in aircraft. 1946 – Dr. Fay Tooley resigns from OWENS CORNING to teach at the University of Illinois 1944 – December 31: Highest wartime sales are but remains a consultant to OWENS $58,499,000. CORNING for the rest of his life.

1945 – Having outgrown its space in the National 1946 – OWENS CORNING purchases the Bank Building, the Toledo engineering group Huntingdon plant from the Federal moves to the Gardner Building. Government.

1945 – #1, #2, #3, & #4 Superfine Machines are 1946 – May: Newark’s “High School” Building in production in Building #5 at Newark; each is demolished and replaced by the present machine produces at the rate of 50 lbs./hour. Building #41. (Later, when Aerocor machines are built in Kansas City and Santa Clara, the Newark [plant 1946 – November 1: The Kansas City, Kansas 01] machines will be renumbered: #1 becomes plant begins operations after OWENS #11; #2 becomes #12, and so on.) CORNING acquires a war-surplus plant, built for the LEE TIRE & RUBBER COMPANY for 1945 – An experimental machine in Newark is conversion to an insulation plant. used to make the first Continuous Strand Mat (Swirl Mat, T-35 Mat) and the first Chopped 1946 – December 31: OWENS CORNING Strand Mat (T-36 Mat) products for use in FRP sales are approximately $32,200,000. fabrication. 1947 – The first fiberglass underground pipe 1945 – August: Newark ceases to be a textile wrap is produced. plant as both “Old” and “New” Continuous Forming Departments are shut down shortly after 1947 – OWENS CORNING invents the Pre- the Japanese surrender. The equipment is Forming Process for making FRP parts. The transferred to Ashton and Huntingdon. Textile first commercial product made using pre- Engineering people move from Newark to Ashton. forming is the Eames one-piece FRP chair. Their drawings are identified by the “AG” (Ashton General) code. 1947 – OWENS CORNING develops the first pre-mix materials for FRP production. 1945 – OWENS CORNING works with William Stout to develop the Stout-Scarab automobile: the 1947 – September 10: The Federal first automobile with an FRP body. The Stout- Government initiates an antitrust lawsuit Scarab does not go into production. against OWENS CORNING, alleging an unlawful monopoly of the fiberglass industry. 1946 – Ashton begins commercial production of “Coronized” fiberglass fabric. Coronizing is the 1948 – OWENS CORNING is reorganized continuous heat treating and dyeing process, into three operating divisions: Wool Products, which makes it possible to offer fiberglass fabrics Textile Products, and Pacific Coast. as a suitable material for draperies and other decorative purposes. 1948 – The Textile Products Division offices are established in New York City under Jack 1946 – Experiments with refining fiberglass fibers Thomas with a Textile Products Division rinsed in hot and cold water after having been engineering group headed by Chief Engineer leached in hot sulfuric acid are conducted in

11 Vic Boeker. Meanwhile, the Textile R&D 1950 – GUSTIN-BACON, taking advantage of Laboratory is established in Ashton. the Antitrust Settlement, acquires OWENS CORNING technology and begins 1948 – OWENS CORNING develops Chopped manufacture of Ultralite, a product similar to Strand for FRP applications. OWENS CORNING’s later Aeroflex product. (In 1968, GUSTIN-BACON is bought by 1948 – OWENS CORNING develops the Matched CERTAINTEED; in 1970, SAINT GOBAIN Metal Die Molding Process for FRP. buys CERTAIN-TEED.)

1948 – December 1: FIBERGLAS CANADA 1950 – LIBBEY-OWENS-FORD acquires opens the Sarnia, Ontario wool plant OWENS CORNING technology through the Antitrust Settlement and begins manufacture 1948 – In France, SAINT GOBAIN has developed of wool and textile products in North Carolina the Crown Process for making glass wool from and at Waterville, Ohio. In 1956, L-O-F the Hager Process. In the Crown Process, a acquires GLASS FIBERS, an independent molten glass stream falls onto a horizontal company with a plant in Defiance, Ohio. In rotating disk; supported from below. The disk is December 1958, JOHNS-MANVILLE buys the fitted with a rim perforated with several layers of entire L-O-F fiberglass operation. multiple holes. Molten glass is pushed through the holes by centrifugal force; the holes help establish 1950 – December 31: OWENS CORNING fiber diameter. The resulting fibers are collected in sales are $78,765,000. a box. 1951 – PITTSBURGH PLATE GLASS (PPG) 1949 – May: The first acoustical tile machine acquires OWENS CORNING technology begins operation in Newark. through the Antitrust Settlement and begins manufacture of textile and Aerocor type 1949 – At Newark, Charley Stalego patents products. (Later, its Shelbyville, Indiana Process 50: A centrifugal spinner with a single Aerocor plant is sold to CERTAINTEED; then, row of holes and supported from overhead is under Federal Trade Commission pressure, heated by a combustion burner. A molten glass resold by CERTAINTEED to KNAUF.) stream falls onto the spinner; molten glass is pushed through the holes by centrifugal force. 1951 – Supply and Contracting operations The resulting fibers are collected on a moving begin in the Eastern Division. conveyor belt. The process remains in the experimental stage. 1951 – OWENS CORNING introduces SONOFACE Acoustical Tile. 1949 – July 5: OWENS CORNING opens the Santa Clara, Calif. plant, the first U.S. plant 1951 – July 10: OWENS CORNING opens the designed from ground up as an insulation plant. Anderson, South Carolina plant, the first plant designed as a fiberglass textile & ***** reinforcements plant. Factory A at Anderson is the first plant with direct melt Continuous 1949 – June 23: The Antitrust Lawsuit is settled Process furnaces: 28-10 bushing furnaces with these provisions: No plant divestitures; pre- each feeding 10 Continuous Winders. 1938 patents offered to all free of royalties; post- 1938 patents offered at reasonable fees; OWENS 1951 – July 16: The Missouri River overflows CORNING cannot control FIBERGLAS CANADA; its banks and floods the Kansas City plant to a all existing agreements with foreign firms are depth of 12 feet; production is quickly terminated; future foreign agreements must be resumed. non-restrictive; OWENS-ILLINOIS and CORNING GLASS may continue to hold OWENS CORNING 1951 – September 17: Newark’s Building #27 stock; but the parent companies are prohibited is completed as the Engineering Center, from voting their stock except as permitted by a housing the Corporate Engineering function Federal court. headed by Harry V. Smith, Manager, Engineering Division. *****

12 1951 – October: FIBERGLAS CANADA’s Guelph, K factor’; that is, low conductivity factor Ontario, textile plant begins production. meaning high insulating or ‘R’ factor.)

1951 – September 17: #22 Battery Separator 1954 – Newark’s F-1 PF Wool Machine is Machine begins production of Bonded Mat battery converted to the PF Laminar Process. separators in the new Building #28 at Newark. Conversion of additional machines in Newark and Kansas City follows. The process 1951 – Games Slayter discloses Process 50 to combines the steam blown PF design with a SAINT GOBAIN; SAINT GOBAIN develops the complex system of fiber collecting drums and TEL and SUPER-TEL fiberizers by combining cyclones and air-recirculated powdered their Crown Process with OWENS CORNING’s phenolic binder applied by contact rolls to the Process 50. fiber veil. A pair of lobed rollers running the length of the forming hood laps the binder- 1951 – December 31: OWENS CORNING net coated veil. The size of the fiber collecting income is $6,000,000 on sales of $97,400,000; cyclones and binder recirculating baghouses OWENS CORNING employs 8,559 people. results in the construction of the “Laminar Towers” at the two plants. The powdered 1952 – Spring: The first fiberglass roving is made phenolic binder presents a constant fire and by OWENS CORNING for use in FRP fabrication. explosion hazard.

1952 – OWENS CORNING stock is publicly 1954 – May: Dale Kleist discovers SAINT offered on the NYSE: 1/3 public ownership; 1/3 by GOBAIN’s progress in fiberizer design; OWENS-ILLINOIS, and 1/3 by CORNING negotiations between OWENS CORNING and GLASS. Over the succeeding years, both SAINT GOBAIN regarding licensing fiberizer OWENS-ILLINOIS and CORNING GLASS use begin. gradually sell their shares; these shares come to be largely owned by institutional investors. 1954 – June 8: Bob Russell files his patent for bushing fin shields; bushings so equipped are 1952 – Neoprene coated Aerocor is made for the used for the first time in Anderson. first time on the former #12 Aerocor machine. 1954 – August: Aerocor and bonded mat 1953 – The A and B Unitile acoustical tile lines operations are relocated from FIBERGLAS are installed in Newark’s Building #5. CANADA’s Oshawa plant to the Sarnia plant. With this relocation complete, the Oshawa 1953 – GENERAL MOTORS and KAISER- fiberglass operations are discontinued. WILLYS COMPANY each announce the first production automobiles with bodies made entirely 1954 – November 17: #11 Machine in of FRP by the hand spray-up method into Newark, used as an experimental machine, is matched metal die molding: the Chevrolet equipped with RF (Rotary Fiber) fiberizers, Corvette (10,000 units) and the Kaiser-Darrin based on SAINT GOBAIN’s SUPER-TEL (1,000 units). OWENS CORNING manufactures design, thus becoming the first OWENS the reinforcement fibers. CORNING machine to make centrifugally spun fiberglass wool. 1953 – Chopped Strand Mat commercial production begins in Huntingdon. 1955 – OWENS CORNING PERMA-PLY roofing material is introduced for Built Up Roof 1953 – Fiberglass window screen cloth is first (BUR) insulation covering. commercially made. 1955 – The former H. C. Penney farm, near 1953 – Beamed yarns are introduced. Granville, Ohio, is purchased as a future site for a research and testing facility. The Newark 1953 – April 1: OWENS CORNING agrees to Pioneering Laboratory, under Games Slayter, become the distributor of OWENS-ILLINOIS high- moves into the former dairy barns on the site. temperature asbestos-reinforced calcium silicate Beginning then (and for many years insulation. The O-I brand name of “K-Lo” is afterward), the Technical Center is managed changed to “Kaylo.” (The tradename signifies ‘low by Howard “Ike” Myers. Ike acquires adjacent land as it becomes available. He also

13 manages a herd of cattle on the site. The cattle “All Fiber” is used to signify the near total are regularly sold for meat. In the meantime, they absence of shot in wool made by this keep the grass mowed. improved fiberizer design. The Sales Department requests some method of 1955 – The first ram-type Blowing Wool Bagger is distinguishing the new AF insulation from the installed in Newark. Offware wool is shredded; the standard PF product. In response to this nodules drop on to a belt conveyor that feeds a request, red dye is added to the AF Wool bucket elevator, which, in turn, feed the nodules binder, thus dyeing the AF Wool PINK. into the bagger. Bags are sewn shut. 1957 – AF development work is concentrated 1955 – March 31: “General Engineering,” formerly on #70 Machine in Kansas City. part of “Research, Development, and Engineering” is formed, reporting directly to 1957 – ASAHI textile plant at Shonan, Japan, Harold Boeschenstein. Harry V. Smith is named begins production. Chief Engineer; he and his staff move to Toledo. Most of the General Engineering people remain in 1957 – April 1: #70 Machine in Kansas City Newark under Deputy Chief Engineer Jerry becomes the first production machine making Holschlag. The mission of General Engineering is the pink AF Wool. At this time, AF Wool is to be “...primarily responsible for the application of suitable only for light-density insulation sound engineering principles throughout the products. All light density wool machines, with company.” THIS IS THE BEGINNING OF the exception of Newark’s B-1 Machine, are CORPORATE ENGINEERING AS AN rapidly converted from PF Wool to AF Wool INDEPENDENT FUNCTION. production.

1955 – November 15: Battery Separator 1957 – November 26: The “Comfort production ceases. Conditioned Home” program, developed by Tyler Rogers, is launched to promote 1955 – December 31: OWENS CORNING net residential insulation sales. Ty Rogers, known income is $10,945,000 on sales of $161,294,000. as “the conscience of the company,” is the leading authority on the use and performance 1956 – January: The Battery Separator machines of Fiberglas materials. are dismantled and the new A-2 Filter Machine is installed in Newark’s Building #28. 1957 – Harold Boeschenstein is selected by Forbes magazine as one of its “Fifty Foremost 1956 – September 22: #70 Machine in Kansas Business Leaders”. The citation reads: City, the first production machine designed for RE “Typifying the businessman of dynamic and Wool production, begins operation. mobile imagination, he built a great company out of a good idea, creative salesmanship, 1956 – November 1: In Japan, ASAHI FIBER and courage. By mastering a field where no GLASS COMPANY, LTD. is formed with 40% markets or even engineering techniques OWENS CORNING ownership. existed, he has helped to prove once again that one of our nation’s greatest resources lies 1956 – November 17: OWENS CORNING opens in its continuing ability to produce business the Barrington, New Jersey insulation plant. The leaders of boldness and pioneering spirit”. Wool Machine and the GUSTIN-BACON designed P-20 pipe insulation machine are in place. 1958 – Wool and textile production begin at the VITRO FIBRAS, S.A., plant in Mexico City. 1956 – December 28: In Mexico, VITRO-FIBRAS, S.A. is chartered with 40% OWENS CORNING 1958 – A breakthrough is achieved with the ownership. The Mexico City plant opens in 1958. first automatic textile forming winder, designed by Roy Smith. 1956 – W. Paul “Zim” Zimmerman, Executive Vice President, retires. 1958 – February 15: Newark’s new furnace hall, Building #8 is completed. The new 1956 – December 28: #11 Experimental Machine building is built over and around the existing in Newark makes the first AF (All Fiber) fiberglass 1906- vintage Building #8; the old building is wool, using the first AF fiberizer design. The term then dismantled inside the new building. Wool

14 plant production is maintained throughout the other heavy density wool machines, with the construction and demolition work. exception of Newark’s B-2 Machine, are rapidly converted from PF Wool to AF Wool 1958 – April 1: General Engineering is relocated production. The Laminar Process is now from Newark’s Building #27: General Engineering obsolete; the “Laminar Towers” in Newark and (Wool) moves to the Davis Building in Toledo; Kansas City are abandoned. Richard S. “Dick” Grant is named Chief Engineer, replacing Harry Smith. Glass Technology and 1959 – December 31: OWENS CORNING net Newark plant offices occupy building #27. income is $16,171,000 on sales of $211,336,000. 1958 – In Newark, C-1, the first PF Wool Machine, and C-2 White Wool Machine are torn ***** out and replaced by C4 AF Wool Machine. 1960 – H. I. “Dutch” Glaser develops Beta 1958 – May: OWENS CORNING purchases bushings to make Beta fiberglass fabric OWENS-ILLINOIS’ Berlin, New Jersey Kaylo suitable for aerospace applications. insulation plant. The plant manufactures asbestos-reinforced calcium silicate insulation for 1960 – February: FIBERGLAS CANADA use in high temperature applications (above starts its Edmonton, Alberta wool plant. 600F). 1960 – July: OWENS CORNING completes A 1958 – August 7: AUSTRALIAN FIBRE GLASS & B wings and supporting facilities at its new PTY. LTD. is established with 40% OWENS textile plant in Aiken, South Carolina. CORNING ownership. 1960 – August: Harry Jones replaces Bill 1959 – The commercial roll roofing machine at Steitz as the head of Eastern Divisional the plant in Santa Clara, Calif., is equipped to Engineering. produce Fiberglas-reinforced shingles being developed by Owens Corning. The machine 1960 – August: The marble melt facility begins ceased operations in December 1986, nearly 10 production at Dandenong, Australia. years after the company acquired a nationwide network of shingle plants. 1960 – October: The Granville Technical Center is completed. Research and 1959 – June: The AF wool plant in Sydney, New development operations are transferred to South Wales, Australia, begins production. Granville from Newark’s Building #7 and from Ashton. Granville houses more than 250 1959 – Wool production begins at ASAHI’s employees. Ibaraki, Japan, plant. 1960 – FIBERGLAS CANADA builds its 1959 – Apron size applicators are used for the Edmonton, Alberta plant. first time. 1960 – NEW ZEALAND FIBRE GLASS LTD. 1959 – January 21: In Newark, the Licking River is established. floods, breaking the Manning Street Dike and flooding the plant to a depth of 7 feet; full 1960 – FIBREGLASS SOUTH AFRICA PTY. production is resumed by February 5th. Flood LTD. formed with 24½% OWENS CORNING damage to the laboratory operations combined ownership. with the inadequate Newark laboratory facilities accelerates construction of a new research and 1961 – February: Wool production begins at testing facility on the Granville site. the Auckland, New Zealand, plant.

1959 – Kansas City experiments with “Flip Flap” 1961 – The first Fiberglass Reinforced Plastic bucket-type lappers. (FRP) manufacturing facility begins operation at Huntingdon. 1959 – Winter: Barrington’s U-1 Machine becomes the first machine to make heavy density AF Wool products. Following this success, all

15 1961 – The P30 textile process is “boot legged” 1962 – December 31: OWENS CORNING net from the development of large Beta bushings. income is $14,400,000 on sales of $253,300,000; OWENS CORNING employs 1961 – OWENS CORNING develops the Filament 10,672 people. Winding Process for the manufacture of ballistic missile nose cones, rocket engine cases, thrust 1963 – January 1: Gen. Lauris Norstad, chambers, and nozzles. retired NATO Supreme Allied Commander Europe, (SACEUR) joins OWENS CORNING 1961 – The first FRP one-piece shower stalls are as a Director and President of OWENS manufactured. CORNING International.

1961 – September 29: The Granville Technical 1963 – A pilot plant for the purpose of Center is dedicated to Games Slayter. The manufacturing fiberglass underground dedication plaque reads: “Dedicated to Games gasoline storage tanks by the Filament Slayter who envisioned glass-one of man’s oldest Winding Process is built at the Granville and most available materials-in fibrous form for Technical Center. significant new uses. His imagination, inventive resourcefulness, faith, and capacity to stimulate 1963 – Dandenong, Australia marble melt others have, over the past thirty years, led to the textile operation begins production. development of mass production processes and to scores of Fiberglas products that have become 1963 – Beta Yarn is first made; it is used, a part of everyday living throughout the world.” among other purposes, in NASA spacesuits.

1962 – Air Conveying and flat belt separators 1963 – February 28: FIBRAS Y LANA DE begin to replace belt conveyors and bucket VJDRIO FIBRA-GLASS S.A. is formed with elevators on Blowing Wool Baggers. Air 55% OWENS CORNING ownership in Conveying is designed to eliminate trash and Colombia. rubbish from being mixed in with the wool nodules; it accomplishes this purpose and 1963 – March: The Sydney, Australia, plant is improves production rates besides. closed as wool production begins at Dandenong. 1962 – “Big John” collets are developed. 1963 – April 1: AE and AE-F Board production 1962 – SCANDANAVIAN GLASFIBER is formed ceases; equipment is dismantled. in Sweden with 40% OWENS CORNING ownership. The Falkenburg plant opens in 1963. 1963 – Aiken C Wing is completed.

1962 – April: The General Products Engineering 1963 – October: The Waxahachie, Texas Laboratory is established in Newark under Roger insulation plant begins operation with V-1 Roth while the Textile Process Engineering machine. Laboratory is established in Anderson under Roy Smith. The Eastern Divisional Engineering 1963 – November 1: OWENS CORNING’s department is dissolved; its mechanical, electrical, 25th Anniversary is observed with a full day of and facilities engineers transfer to Toledo while its work textile process engineers relocate to the Process Engineering Laboratory in Anderson. 1963 – November: Aeroflex duct liner manufacture begins at Newark on #1 Aeroflex 1962 – November 7: William E. Levis, retired Machine. Chairman and CEO of OWENS-ILLINOIS dies of a heart attack at the age of 71. Harold 1963 – OWENS CORNING employment totals Boeschenstein says: “We, at OWENS CORNING, 11,500 people. owe to Bill Levis the opportunity we have today to make Fiberglas the most significant and enduring 1963 – December 19: Harold Boeschenstein of all his fine accomplishments.” becomes Chairman; Gen. Lauris Norstad becomes President of OWENS CORNING.

16 1963 – December 31: Games Slayter retires and 1966 – Process 100: “Flip Flap” lappers and is replaced as Vice President of Research by moving hood sides begin to be installed on AF John H. “Jack” Thomas; Slayter continues to work Wool Machines. This concept is developed for OWENS CORNING as a consultant. from OWENS CORNING’s Finnish licensee.

1963 – Textile production begins at Springs, 1966 – OWENS CORNING builds and opens South Africa, plant. Factory D at Anderson in 6 months time; this is the first 100 bushing direct-melt Continuous 1964 – Structures made of OWENS CORNING Process furnace, a Laird Froberg/Roy Smith reinforced plastics dominate the 200 pavilions of patent. the New York Worlds Fair. 1966 – ARMSTRONG RUBBER COMPANY 1964 – Glass Technology moves to Newark’s introduces an OWENS CORNING reinforced Building #7; Building #27 becomes the Machine automobile tire following a joint development Parts Manufacturing Shop (MPMS). effort with OWENS CORNING.

1964 – February 28: Bogotá, Colombia wool line 1966 – March 7: OWENS CORNING opens begins production. its first European textile plant at Battice, Belgium. 1964 – May 7: Production begins at the Newark Adhesive (Polyol) Factory. 1966 – Winter: The Colombian fiberglass operation is reorganized as OWENS 1964 – August: FIBERGLAS CANADA begins CORNING FIBERGLAS COLOMBIA, S.A. production at its fiberglass insulation plant in with 85% OWENS CORNING ownership. Candiac (Montreal), Quebec. 1967 – The “Box Board” Filter is introduced. 1964 – October: The first application of computer This filter design has an all-cardboard frame control of glass melting furnaces (or any other and media retainer, thus making obsolete the manufacturing process) using an IBM 1710 use of bottle cap blanks as retainers. The new computer, is successful at Newark. design lends itself to more-automated production. Box Board filters are made in 1964 – October 15: Games Slayter, the “Father of Newark and Barrington. Fiberglas,” dies at the age of 68 of a heart attack at the Columbus, Ohio airport 1967 – Rotary Wool Separators begin to replace flat belt separators on Blowing Wool 1965 – March 15: OWENS CORNING Baggers. FIBERGLAS EUROPE, S.A. is formed. 1967 – “Penclones,” OWENS CORNING’s 1965 – D wing at Aiken is completed. wool plant dust collector design, begin to replace outmoded cyclone collectors. Dick 1965 – OWENS CORNING net sales exceed Yawberg coins the term from the terms $335,000,000. “PENthouse” and “cyCLONE” since the new design combines features of both of the older 1965 – Harry Winkle retires. designs.

1966 – The General Products and Textile Process 1967 – June: Waxahachie’s V-1 machine Engineering Laboratories are dissolved; their becomes the first wool line to be equipped people are split between Toledo and Granville. with Process 100, moving hoodsides, and “BB” fiberizers. (The “BB” designation stood 1966 – Aiken E Wing is completed. for “Big Boy” or “Big Bastard,” depending on the individual and his mood.) 1966 – Production of fiberglass underground 1967 – October: Harold Boeschenstein retires gasoline storage tanks begins at Huntingdon. as Chairman but remains a Director, Gen. Lauris Norstad becomes Chairman and CEO; 1966 – Continuous Strand Mat production begins John H. “Jack” Thomas becomes President; in Huntingdon.

17 William W. “Bill” Boeschenstein becomes reinforced to take the weight of the Printroom Executive Vice President files.

1968 – November: OWENS CORNING is 1969 – September: First textile production at reorganized into groups defined by market and Bogotá, Colombia. product families: Construction Group, Textile & Industrial Group, Special Products Group, and the 1969 – DIFISTAC, the first in-line chopped International Group. strand process, is installed in Anderson’s Factory A. 1968 – OWENS CORNING replaces its logo, a rectangle with rounded corners and serifed letters, 1969 – September: OWENS CORNING with a new logo consisting of a sharp-edged opens its Anderson Corporate Engineering rectangle with Helvetica lettering identifying Office in the “Big House,” the former J. D. “Owens/Coming Fiberglas.” Hammett/Nichols home, leased from FOUNDRY & STEEL. 1968 – The 300 millionth fiberglass filter is produced at Newark. 1969 – December 31: OWENS CORNING net income is $24,716,000 on sales of 1968 – By this time, all AF Wool machines are $487,399,000. equipped with Process 100 forming sections. ***** 1969 – The PR-1 type fiberizer, which eliminated the “slinger cup”, is invented and rapidly replaces 1970 – January 5: OWENS CORNING the BB type fiberizers on most AF Wool FIBERGLAS FIBRAS DE VIDRO, LTDA. is machines. (“PR” is an acronym for “Proprietary organized in Brazil. Rotary”.)

1970 – April: Valparaiso, Indiana fiberglass 1969 – Production of underground storage tanks tank plant begins production. begins at Valparaiso, Indiana.

1970 – May: Production begins at the 1969 – April/May: A glass-melting furnace at the Christchurch, New Zealand, plant plant in Santa Clara, Calif., is converted to a cold- top electric-melt furnace that relies solely on 1970 – The Bloomington, Illinois urethane electricity for melting, instead of combustion. The foam plant is purchased from UNARCO first in the fiberglass insulation industry, the cold INDUSTRIES. crust on top of the melting batch prevents pollution at its source by trapping and incinerating 1970 – December 16: Dr. Walter Hibbard, volatile components that would otherwise become formerly Vice President, Research and particulate emissions requiring treatment. Development, is named Vice President,

Technical Services. 1969 – May: The Jackson, Tennessee reinforcement plant is opened; tire cord is a major 1971 – April 15: Harold Boeschenstein retires product. from OWENS CORNING.

1969 – July 21: OWENS CORNING personnel 1971 – RM-1 Roofing Mat Machine begins begin moving into the new Fiberglas Tower, to fill operation in Kansas City. It produces a high- 20 of the 28 floors. The Fiberglas Tower is the strength continuous strand mat for use in first high rise building to use the open office roofing materials. (Two more RM machines concept OWENS CORNING accepts a 25-year will be built, one each in Kansas City and lease on the building. Barrington.)

1969 – September: Corporate Engineering moves 1971 – Conroe, Texas fiberglass tank and from the National Bank Building to the newly pipe plant opens. completed Fiberglas Tower. Corporate

Engineering occupies the 9th, 10th, and half of the 11th floors. The 9th floor is specially

18 1971 – P-333 Fiberizers begin to replace the original Aerocor fiber forming process except for 1972 – December 31: OWENS CORNING net #92 Machine in Santa Clara. income is $35,800,000 on sales of $615,300,000; OWENS CORNING employs 1971 – May 11: Production begins in Karhula, 17,000 people. Finland, plant. 1973 – January: Direct melt bonded mat 1971 – July 1: Fairburn, Ga. wool plant begins production is discontinued at FIBERGLAS production. CANADA’s Sarnia wool plant.

1971 – August 19: Gen. Norstad remains 1973 – May: The first S.A.L. (Simultaneous Chairman; John H Thomas becomes Vice Adjustable Lapping) system is installed on Chairman; William W. Boeschenstein becomes Waxahachie’s new V-2 AF Wool Machine. President and COO. 1973 – Valparaiso, Indiana resin plant is 1971 – September: Rio Claro, Brazil plant opens. completed.

1971 – The first experimental SAL lappers are 1973 – The last research and development installed on C-4 line in Newark. This system will operations at Ashton are moved to Granville. eventually replace many of the “flip-flap” type bucket lapping systems on wool lines. 1973 – Spring: L’Ardoise, France textile plant begins production. 1971 – December 31: OWENS CORNING sales 1973 – Huntsville plant is severely damaged surpass $500,000,000 for the first time. by a tornado; production is quickly resumed.

1971 – Wool production begins as ASAHI’s 1973 – William W. Boeschenstein is named Ibaraki, Japan, plant. CEO.

1972 – Experimental development of 1974 – March 17: Newark’s B-1 Machine, the Simultaneous Adjustable Lapping (S.A.L.) begins last steam blown wool machine in production, on C-4 line at Newark. is shut down and dismantled, thus ending production of steam blown fiberglass 1972 – January: Huntsville, Alabama bathing insulation wool. The AF Wool process now fixtures and plumbing components plant is makes all wool production. opened. 1974 – October 1: Dr. Robert Doban replaces 1972 – Bakersfield, California tank assembly Dr. Walter Hibbard as Vice President, facility opens. Technical Services.

1972 – Aiken B Wing is converted to 1974 – OWENS CORNING opens a special reinforcements production. temporary plant in Tukwila, Washington to produce the insulation for the Trans-Alaska 1972 – October 23: Harold “Beck” Boeschenstein Pipeline project. dies at the age of 76. The Toledo Blade editorializes: “...his zest for life, his genuine 1975 – The Pontiac Silverdome, with its 10 interest in people and their problems, and his acre Fiberglas fabric roof, opens. zeal...combined to make him an extraordinary, memorable individual.” 1975 – Dale Kleist retires and begins work as a consultant for OWENS CORNING. 1972 – November: A new type of fiberglass reinforcement replaces asbestos in Kaylo 1975 – OWENS CORNING expands to insulation products. occupy the entire Willis Day building.

1972 – December 31: Gen. Norstad and John R 1975 – The Delmar, New York insulation plant Thomas retire; William W. Boeschenstein remains is completed but not opened due to lack of President and CEO. business.

19 1978 - OWENS CORNING is awarded the 1975 – February: Vermiculite Insulation (VI) $180,000,000 contract to provide the 105 acre production begins at FIBERGLAS CANADA’s new OWENS CORNING fabric roof system for the Toronto VI plant. HAJ TERMINAL in Saudi Arabia.

1975 – November: OWENS CORNING sells its 1978 – OWENS CORNING’s affiliate in interest in the Karhula, Finland, plant, the Dammam, Saudi Arabia begins producing company operating the plant is renamed large diameter fiberglass reinforced plastic AHLSTROM GLASSFIBRE INDUSTRY. pipe.

1976 – -January 1: A small wool line begins 1978 – OWENS CORNING purchases wood production at the Calamba plant near Manila, the fiberboard plants in St Helens, Oregon and Philippines licensee plant. Meridian, Mississippi.

1976 – June: The Delmar plant begins production. 1978 – The first wet process mat line, for making roofing shingle mat, is installed at 1976 – Fiberglas roofing fabric coating and Aiken. fabrication facilities are installed in Ashton and Hazleton, Pennsylvania, respectively, in 1978 – Fiberglass mat-based shingles are anticipation of the Haj Terminal project being manufactured at six of the former FRY roofing plants. OWENS CORNING will quickly 1976 – November 14: FIBERGLAS CANADA turn the shingle industry around so that begins production at its Moncton, New Brunswick fiberglass mat-based shingles dominate the insulation plant market

1976 – December 31: OWENS CORNING sales 1978 – May 31: A joint venture between exceed $1,000,000,000 for the first time. OWENS CORNING and BAYER AG to

1977 – March: Colombian operation changes from manufacture insulation in Europe is subsidiary to affiliate status and is renamed announced. Construction begins at Vise’, FIBERGLAS COLOMBIA, S.A. Belgium.

1977 – October: The first OWENS CORNING 1978 – September 14: FIBERGLAS CANADA Mark VII electric melt furnace is completed on begins production at its new wool plant at Newark’s F-S Wool Machine. Toronto, Ontario.

1977 – OWENS CORNING purchases the 1978 – December: Aerocor production ceases LLOYD FRY ROOFING COMPANY and its at FIBERGLAS CANADA’s Sarnia plant subsidiary, the TRUMBULL ASPHALT COMPANY. OWENS CORNING immediately 1979 – The Amarillo, Texas reinforcements begins the work of upgrading all the plants and plant begins production. Amarillo is the largest converting the roofing plants to the manufacture OWENS CORNING reinforcements plant. The of Fiberglas mat-based shingle production. Amarillo furnaces are equipped with special equipment to pelletize the batch with the 1977 – Factory E at Anderson begins operation. intention of improving furnace emissions and This new direct-melt facility replaces the now increasing furnace output obsolete Factory A, which, except for the DIFISTAC operation, is shut down. 1979 – Huntsville’s new Sheet Molding Compound (SMC) line begins production. 1977 – November 18: An era ends as A-2 Filter Machine ceases production. For cost reasons, 1979 – A new specialty high strength filter media is changed from fiberglass to reinforcements plant opens in Columbia, polyester fiber. Production of polyester fiber filters South Carolina. The plant is designed and begins at a new facility in Obetz, Ohio. Thus ends managed by OWENS CORNING under a the history of the first fiberglass product to gain Federal Government contract as PIEDMONT commercial acceptance. PRODUCTS, INC. (PPI).

20 1979 – W. Paul “Zim” Zimmerman dies at the age of 85. 1982 – July: Production begins at the ARABIAN FIBERGLAS INSULATION CO. 1979 – OWENS CORNING acquires the stock of plant at Dammam, Saudi Arabia. the AMERICAN BORATE COMPANY. 1982 – October: P-80 molding media 1979 – OWENS CORNING sales surpass the production begins in Newark. $2,000,000,000 mark. 1982 – Newark’s Molded Pipe operation is 1979 – October 12: The Vise’, Belgium wool plant completely revamped by relocating the begins operation. operation to Building #28, dedication of A-S Furnace (formerly A-2 Filter Furnace) to pipe ***** media production, installation of the new ASAHI Machine, and transfer of the truck 1980 – May: Production begins at the new wool ovens, for large diameter pipe insulation, from plant in Dandenong, Australia. Barrington. The old Newark molded pipe equipment and the P-20 Process in Barrington 1980 – August 15: For the first time, OWENS are obsolete and torn out. CORNING uses UNITED ARTISTS’ cartoon character the “Pink Panther” to help promote 1982 – OWENS CORNING acquires the sales of pink Fiberglas insulation. Roger Butler of DERBIGUM AMERICA CORPORATION. the OGILVY & MATHER advertising agency in New York City suggests the idea. 1982 – OWENS CORNING introduces SSL II pipe insulation with its unique self-sealing 1980 – Corporate Engineering begins its CAD closure system. (Computer Aided Design) operation. 1983 – After 42 years of operation, the 1980 – FIBERGLAS CANADA’s Mission, British Ashton, Rhode Island, textile plant is closed Columbia wool plant is completed. and sold.

1980 – Bakersfield tank manufacturing plant 1983 – Production of ThermaCube blowing opens. wool begins in Newark.

1981 – New asphalt plant at Memphis, Tennessee 1983 – IMOD is implementing its “Total begins production. Quality Management” philosophy.

1981 – NORSK GLASFIBER A/S at Birkeland, 1983 – March: The LaGrange, Georgia foam Norway becomes an OWENS CORNING sheathing plant begins production. subsidiary. 1983 – July: The Camp Hill, Pennsylvania 1981 – The mat production plant at Apeldoorn, foam sheathing plant starts up. The Netherlands becomes an OWENS CORNING subsidiary. 1984 – February: FIBERGLAS CANADA closes its Moncton plant due to lack of 1981 – Cratec, an improved in-line chopped business. Plant equipment is either distributed strand process, is expanded in Anderson’s among the other Fiberglas Canada plants or Factory D. sold.

1981 – OWENS CORNING introduces its NuKon 1984 – East Moline, Illinois becomes the third engineered insulation system for nuclear power foam sheathing plant. plants. 1984 – OWENS CORNING begins marketing 1981 – Production from the second wet process double-wall underground storage tanks. mat line for roofing shingles begins at Aiken. 1984 – Auburndale, Florida tank plant begins 1981 – William W. Boeschenstein is named operations. Chairman.

21 1984 – The Fort Smith, Arkansas plant begins production. This plant houses the third wet 1986 – August 12: WICKES COMPANIES, process mat line for roofing shingles. Wet process INC. presents an unsolicited offer to purchase mat largely supersedes the roofing mat made on OWENS CORNING at $74 per share; the RM machines; all RM machines except OWENS CORNING’s Board of Directors Kansas City’s RM-2 machine are shut down and rejects the offer. torn out. 1986 – November 5: OWENS CORNING’s 1984 – Newark’s #2 Bonded Mat Machine, the stockholders formally approve a restructuring last such machine in service, ceases production. plan which focuses on OWENS CORNING’s core businesses of INSOD, IMOD, and 1984 – OWENS CORNING buys out BAYER and International. The restructuring is designed to becomes sole owner of the Vise’, Belgium plant. give shareholders value superior to the WICKES offer. This approval defeats the 1984 – OWENS CORNING buys 60% of WICKES raid and thereby preserves OWENS SCANDINAVIAN GLASFIBER of Sweden. CORNING’s independence.

1984 – December: FIBERGLAS CANADA 1986 – November: Implementation of the purchases the Victomix plant at Victoriaville, restructuring plan begins: personnel cuts are Quebec. The plant manufactures modified made in Toledo and at all plants and other bitumen roofing products. OWENS CORNING facilities; the new Aerospace and Strategic Materials Segment 1984 – Harry Winkle dies at the age of 82. companies are sold; the Jackson plant is closed; the Huntsville plant and the FRP 1985 – The 100,000th Fiberglas underground bathing/plumbing fixtures business are sold; storage tank is completed. Camp Hill, LaGrange, and East Moline plants and the foam sheathing business are sold; the 1985 – K-S Machine in Kansas City is completed Meridian and St Helens plants and the wood using the former DM-1 fabrication equipment fiberboard business are sold; P-80 and the acoustical board equipment and business are 1985 – March: The PIEDMONT PRODUCTS plant sold; the decision is made to stop producing in Columbia, S.C. is mothballed when the Federal Aerocor insulation; and the Supply Division is Government cancels its contract with OWENS consolidated. Monies raised from the CORNING. cutbacks and sales are applied to reduce the $2,500,000,000 debt incurred due to 1985 – OWENS CORNING forms its new restructuring. Aerospace and Strategic Materials Segment by purchasing HITCO, LADDISH COMPANY, and 1987 – May 12: The color Pink is registered OREGON METALLURGICAL CORPORATION as an OWENS CORNING trademark for from ARMCO, INC. The purchase is made to insulation. OWENS CORNING thus becomes increase profitability in existing OWENS the first company to trademark a color. CORNING businesses and to promote accelerated growth through the development of 1987 – March: The transfer of MPMS from high-performance materials. Newark to its new facility in Ridgeview Plant in Duncan, South Carolina is completed. 1986 – June: OWENS CORNING announces its corporate goal as “Profitable Growth.” Principles 1987 – March: The Newark Regional Office is in support of this goal are: “Concentrate on made a permanent part of Corporate profitability; Focus our growth; Serve our Engineering. customers’ needs; Emphasize technology; Demand competitive excellence; Create a 1987 – July 1: Newark’s #15 Aerocor challenging environment; Act with integrity.” machine, the last Aerocor machine in service, ceases production. 1986 – August 1: The Columbia plant resumes production as PALMEITO PRODUCTS, INC. 1987 – July: Restructuring debt is refinanced (PPI), an OWENS CORNING subsidiary, making at lower interest rates. special high strength reinforcements.

22 1987 – December 31: Restructuring debt is reduced to $1,600,000,000 due to better than 1989 – April: FIBERGLAS CANADA’s Mission, anticipated performance, faster than anticipated British Columbia plant is shut down. sales of assets, and higher than anticipated prices for asset sales. 1989 – August 8: The decision to mothball the Morehead City Derbigum line is announced. 1988 – The Barrington plant is closed; Delmar’s DM-1 machine is restarted using the former 1989 – August 11: Faced with the impending Barrington U4 fabrication equipment sale of PPG’s interest in FIBERGLAS CANADA, OWENS CORNING agrees to buy 1988 – The now obsolete Amarillo batch PPG’s 50% ownership for $193 million. pelletizing equipment is dismantled. OWENS CORNING thus becomes the sole owner of FIBERGLAS CANADA. 1988 – OREMET, the last component of the Aerospace and Strategic Materials Group, is sold. 1989 – December 31: OWENS CORNING has sales of $3,000,000,000; the debt is 1988 – OC BIRDAIR, the manufacturer of Beta reduced to $1,482,000,000; OWENS fabrics, is sold. CORNING employs 18,300 people.

1988 – Experimental manufacture of Fibron ***** lineals begins at the former fabric coating and fabrication plant in Hazleton, Pennsylvania. The 1990 – May 1: Dr. Sharell L. Mikesell FRP lineals with a pink fiberglass insulation core becomes Vice President, Technology, are a new concept in window, door, and skylight replacing Dr. Mike Griffith. framing. 1990 – August 7: The first Fiberglas Windows 1988 – September 12: General Lauris Norstad are installed in a home in Washington, D.C. dies at the age of 81. 1990 – September: SHANGHAI YAO HAU 1988 – October 17: Bill Boeschenstein announces GLASS WORKS plant begins production of the Mission Statement of the “New OWENS marble melt process. CORNING” as “Winning through Quality Performance.” “Our mission is to expand our 1990 – October 1: Bill Boeschenstein retires; global leadership by building quality performance Max Weber becomes Chairman of the Board and the highest standards of excellence into every and CEO. facet of our operation.” 1990 – November 8: FIBERGLAS CANADA’s 1988 – October 21: Max O. Weber becomes Central Engineering Department, headed by President, William W. Boeschenstein remains Chief Engineer Doug Blenkhorn, now reports Chairman and CEO. to Walt Reed, Vice President, Corporate Engineering. 1988 – October 31: OWENS CORNING people celebrate the 50th anniversary of their company’s 1991 – January: FIBERGLAS CANADA founding with a salute to their glorious past and closes the Victoriaville roofing plant. dedication to build an even more brilliant future. 1991 – January 16: OWENS CORNING sells 1988 – November 1: The next 50 years begins. its “TUFF-N-DRI” basement waterproofing system to KOCH MATERIALS COMPANY of 1989 – January 1: Dr. Robert Doban retires; Dr. Wichita, Kansas. Michael Griffith replaces him. 1991 – January 22: FIBERGLAS CANADA 1989 – March 22: The Columbia PALMETTO announces the closing of the Sarnia, Ontario PRODUCTS plant ceases production due to wool plant. cancellation of a specialty fibers contract. Its equipment is dismantled and either transferred or sold.

23 1991 – February 13: A new window assembly 1991 – December 31: Max O. Weber, plant is announced. The plant is located in Chairman and CEO, announces his retirement Martinsville, Virginia. to concentrate on his fight against cancer.

1991 – April 25: FIBERGLAS CANADA’s Textile 1992 – January 1: FIBERGLAS CANADA’S Reinforcement and Resins organization (TR&C) is Central Engineering Department ceases to incorporated in the OWENS CORNING industrial exist as a separate entity; its people and Materials Group (IMG). functions become part of Corporate Engineering’s Construction Products 1991 – May: Roofing product production is Engineering and Industrial Materials discontinued at Morehead City; asphalt production Engineering departments. remains. 1992 – January 23: Glen H. Hiner, 57, 1991 – July: The Fort Lauderdale, Morehead City, formerly Vice President, GE Plastics Division, and Martinez asphalt plants are offered for sale. becomes OWENS CORNING’s new Chairman and Chief Executive officer. He 1991 – August: The Construction Products Group identifies his top three priorities as “customer (CPG) forms its New Products Division to develop satisfaction, individual dignity, and and expand window products and other new shareholder value.” He also announces plans business opportunities. to maintain current levels of R&D funding, but to reallocate more of that funding to long- 1991 – August: The sale of the DERBIGUM range research. roofing assets, including the Kansas City Derbigum plant, is announced. 1992 – February 6: Glen Hiner announces that OWENS CORNING will reserve $800 1991 – September 17: John H. “Jack” Thomas million to cover all potential asbestos claims. dies just two days short of his 84th birthday. Dale In consequence, OWENS CORNING stock Kleist says: “He was a wonderful man. Everyone soars nearly 30 percent in one day, closing at who worked with him respected him. He knew 36-5/8! In succeeding weeks, the stock price what he was talking about, and you better know stabilizes in the high $30s per share. what you were talking about when you were talking with him.” Former Treasurer Carl 1992 – February 9: Dr. Fay Tooley dies at the Scarborough sums it up:” He was very creative.” age of 83.

1991 – September 23: The Industrial Materials 1992 – March 22: Continued operation of the Group (IMG) announces the establishment of Morehead City Trumbull Asphalt plant through plant Technical Service Organizations (TSOs) to 1993 is announced. be located at the Aiken, Amarillo, Anderson, and Huntingdon plants. The TSOs will perform the 1992 – April 9: OWENS CORNING functions of product, process, industrial, and announces its plans to renew its lease and project engineering. The TSOs report to the renovate its offices in the Fiberglas Tower. Science and Technology organization through Renovation of the Willis Day Building is also Granville. announced.

1991 – September: The Toufen, Taiwan, 1992 – May 17: OWENS CORNING’s insulation plant begins production. Derbigum business is sold to WATERPROOF ROOFING SYSTEM, a subsidiary of DERBIT 1991 – October 18: OWENS CORNING BELGIUM S.A. announces increased reserves to cover costs of asbestos litigation. The stock market reacts: the 1992 – July: Glen Hiner chairs OWENS stock drops 38% of its market value. Reflection by CORNING’s first Global Leadership analysts and reassurance from OWENS conference. The meeting of worldwide CORNING management cause the stock to management personnel and customers stabilize in the low $20’s per share. focuses on understanding and promoting the themes of Customer Satisfaction, Individual Dignity, and Shareholder Value.

24 1992 – July 20: Ms. Paula H. J. Cholmondeley 1993 – February 5: OWENS CORNING became the first female member of Owens- announces the planned reopening of the Coming senior management. She was appointed Jackson, Tennessee plant as a wet chop Vice President, Business and Strategy facility scheduled for April, 1994. Development, reporting to Chairman and CEO Glen Hiner. 1993 – March: 92 Employees stay at the Huntingdon plant two or three straight days 1992 – July 31: Sheree L. Bargabos becomes the through two feet of snow driven by 50 mph first female Plant Manager. She is appointed Plant winds. Only three orders missed their Manager of the Oklahoma City, Oklahoma facility. promised dates thanks to their dedicated (She subsequently became Plant Manager at work. Toronto before the Oklahoma City plant was transferred to Schuller International.). 1993 – April 19: OWENS CORNING commits to “Corporate Stewardship,” which ensures 1992 – August 19: OWENS CORNING that proper use of its products will cause no announced that the OC-Tanks subsidiary will be adverse effects on human health and the dissolved and the tank business will once again environment, and to operate its manufacturing become a division of OWENS CORNING. plants in a manner that protects the environment and the health of its employees 1992 – August 28: OWENS CORNING completes and neighbors. the sale of the Ft Lauderdale Trumbull Asphalt plant to KOCH MATERIALS COMPANY. 1993 – April 24: Max O. Weber dies at the age of 63. Larry Solari remembers that Max 1992 – September 9: OWENS CORNING publicly would say, “You guys are getting too introduces its new logo, a square with an arc theoretical. Why don’t you go and talk to a few symbolizing global commitment and the words customers and find out what the real world is “Owens Coming.” Chairman and CEO Glen Hiner like?” stated that the new logo will “…signify the beginning of a new era – a new era of growth, 1993 – April 28: Production begins at the pride, and fulfillment.” Lucky OWENS CORNING reinforcement plant in Kimchon, South Korea. 1992 – October: AURA, a new insulation concept, consisting of a panel of thermally crafted glass 1993 – May 5: OWENS CORNING fibers in a stainless steel container, is introduced announces the sale of the Guararema, Brazil to the market. Its initial application is in rock wool and calcium silicate insulation plant refrigerators, where it allows volume increases of to a new Brazilian company, ROCKFIBRAS. 25 per cent and elimination of chlorofluorocarbon refrigerants. 1993 – May 5: OWENS CORNING’s European operations are revitalized by 1992 – December 23: Dr. Sharell L. Mikesell, Vice centralizing customer and administrative President, Science and Technology, renames the services, investing to increase capacity by 25 Granville Technical Center. The new name, percent, focusing the manufacturing facilities, Science and Technology Center, is chosen to and closing the Falkenberg, Sweden plant emphasize what the organization is accountable for and to emphasize its ever-increasing role in 1993 – June 2: OWENS CORNING the achievement of the corporate goals. announces the acquisition of VERA A/S, a manufacturer of fiberglass-reinforced plastic 1992 – December 31: OWENS CORNING pipe, in Sandefjord, Norway. announces a joint venture to produce fiberglass- reinforced plastic pipe in Botswana. 1993 – June 15: PINKPLUS, a new polyethylene-enclosed insulation product for 1993 – January 25: OWENS CORNING the retail market is introduced at a New York announces a joint venture with ETERNIT-AG to City news conference. The product is initially make fiberglass-reinforced pipe in Mochau, made at Delmar and Newark. Germany. 1993 – July 1: OWENS CORNING announces the start of manufacture of Knytex specialty

25 reinforcement fabrics in a joint venture with Hexcel Corporation. The manufacturing plant is 1994 – January 3: OWENS CORNING’s located in Seguin, Texas. corporate structure is reorganized into ten business units and five staff functions, all 1993 – July 9: The Asia/Pacific Group is reporting to Chairman and CEO Glen Hiner. established in Hong Kong to take total Four of the ten business units are located responsibility for OWENS CORNING’s effort outside the United States, underlining the throughout the region. commitment to global growth. The reorganization is intended to promote speed, 1993 – July 27: Kansas City stops production agility and rapid decision making. while threatened by the flooded Missouri River. The levee holds and the plant resumes production 1994 – January 3: Owens-Coming announces six days later. the selection of the Middlegrounds in downtown Toledo as the location of the new 1993 – August 24: STOUGHTON COMPOSITES, World Headquarters. INC. and OWENS CORNING form a new partnership to manufacture 48 foot refrigerated 1994 – January 6: Dr. Sharell L. Mikesell and non-refrigerated shipping containers, based announces reorganization of Science and on OWENS CORNING’s roving, continuous Technology to better-align the function with strand mat, and VIBRIN polyester resin. the new corporate structure. Dr. Mikesell assumes direct responsibility for all Science 1993 – August 24: AURA insulation, originally and Technology operations in Europe. Dr. tested at R50 per inch, now achieves thermal Grant Carruth replaces Walt Reed as Vice ratings as high as R94 per inch. President, Engineering.

1993 – September 16: OWENS CORNING swaps 1994 – January: Fiberglas-epoxy blankets its Oklahoma City commercial roofing plant to made by the Owens-Coming-Hexell joint SHULLER (Manville), in exchange for SHULLER’s venture, prove their worth by preventing Savannah, Georgia, residential roofing plant and collapse on serious damage to a bridge and a a shingle production line currently in SHULLER’s hotel, both within 20 miles of the epicenter of Waukegan, Illinois plant. OWENS CORNING the Los Angeles earthquake. continues to make R-625 mat made on RM-2 in Kansas City but the product is now sold to 1994 – March 2: Owens-Coming announces SHULLER. OWENS CORNING thus exits the plans to relocate Engineering offices in Toledo commercial roofing business and gains valuable to the Science and Technology Center in assets for its residential roofing business. Granville.

1993 – September 20: Huntingdon, OWENS 1994 – March 8: OWENS CORNING, the city CORNING’s second-oldest operating plant, of Toledo, the Lucas County Port Authority celebrates its 50th anniversary. and the state of Ohio announce an agreement in principle to build the new World 1993 – October 4: Glen Hiner announces that Headquarters on the Middlegrounds site. OWENS CORNING will leave the Fiberglas Tower by 1996 and build a new World Headquarters at 1994 – March 14: The Jackson plant re-start either the Middlegrounds in Toledo, or at a 90- commences with the furnace light off – one acre site in Monclova Township, west of Toledo. day ahead of schedule. OWENS CORNING and the building owner were unable to reach agreement on performing 1994 – April 28: Owens-Coming accepts its federally mandated renovation to the 25-year old first order for Eternit synthetic slate roofing building. shingles one week after assuming exclusive sales representation in the Western United 1993 – November 2: Engineering presents its first States. Vendor Safety Award to Foundry & Steel of Anderson, South Carolina. 1994 – May 1: The Business Conduct Helpline, a 24 hour, 7-day per week resource 1993 – November 4: The Gaborone, Botswana for answers on ethical and lawful behavior, pipe plant is dedicated. begins operating.

26

1994 – May 11: OWENS CORNING acquires UC 1994 – July 27: WeatherLock, a new Industries, the world’s second-largest producer of fiberglass mat-reinforced asphalt composition extruded polystyrene foam. The pink FOAMULAR product with a self-adhesive backing is product is used for sheathing and other introduced by the residential roofing business. construction purposes. UC is headquartered in Installed between roof decks and shingles, Parsippany, New Jersey with manufacturing tiles, or other roofing, WeatherLock helps plants in Tallmadge, Ohio and Rockford, Illinois, prevent weather damage caused by ice dams and a distribution center in Tacoma, Washington. and wind-driven rain.

1994 – May 11: The Charleston, West Virginia 1994 – August 18: OWENS CORNING Shared Services office is officially dedicated. announces its goal to create a “megabrand” capable of unifying OWENS CORNING’s 1994 – May 26: The new Asia/Pacific diverse businesses under a single umbrella headquarters is opened in Hong Kong with an image around the world. New advertising, announcement of plans to invest $150 million in ingredient branding, Freestyle Skiing 10 new production facilities in the People’s sponsorship, and expanded use of the Republic of China over the next two years. corporate mark all form part of the campaign, along with a new tagline: “OWENS 1994 – June 1: Glen Hiner and local dignitaries CORNING: We make the Difference”. sign a formal commitment to build the new World Headquarters on the Middleground site. 1994 – August 31: The relocation of all Engineering people, formerly based in Toledo, 1994 – June 2: Owens-Coming purchases the to the Science & Technology Center, fiberglass insulation business of PILKINGTON Granville, is completed. PLC in the United Kingdom. The acquisition adds glass fiber insulation manufacturing plants at 1994 – September 9: A partnership Ravenhead, St. Helens and Pontyfelin, South agreement among OWENS CORNING Wales; a rock wool plant at Queensferry, North Engineering; AVCA Corporation of Toledo, Wales; the KITSONS INSULATION PRODUCTS Ohio, and Jacobs-Sirrine Engineers of LTD. distribution company; and 50 percent of the Greenville, South Carolina is signed. The United Kingdom’s building insulation market. partnership will allow OWENS CORNING Engineers to concentrate on growth projects 1994 – June 3: A new ventures pilot plant at Mt. and providing technical leadership with AVCA Vernon, Ohio is announced. and Jacobs-Sirrine engineers addressing day- to-day project responsibilities. 1994 – June 28: OWENS CORNING Eternit opens its joint venture pipe plant in Mochau, 1994 – September 22: OWENS CORNING Germany. announces the development of a revolutionary new glass fiber trademarked Miraflex. Miraflex 1994 – July 7: OWENS CORNING Corsabe, and fiber is made with two different types of glass Catalana d’Iniciatives announce their joint venture and curls naturally after it is formed. Insulation GRP pipe company OWENS CORNING TUBS S. can be made without phenol-formaldehyde A. and its plant to be located in Camarles, near binder. Because Miraflex fiber curls naturally, Barcelona, Spain. the product can be compressed more than traditional glass fiber insulation and is 1994 – July 12: OWENS-CORNING therefore easier to transport, store and CHANGCHUN GUAN DAO COMPANY LTD., an handle. Sheathed in pink polyethylene and OWENS CORNING joint venture, breaks ground produced at the Mt. Vernon plant, it is for a pipe plant in Changchun, Jilin Province, the marketed as “PINKPLUS WITH MIRAFLEX”. Peoples Republic of China. 1994 – December 23: Owens Corning sold its 1994 – July 21: The first non-residential use of fiberglass underground storage tank division Fibron windows is the replacement of old to Fluid Containment, Inc. casement windows in the renovation of the Engineering Sciences Building (#70) at the 1995 – January: OWENS CORNING Science & Technology Center, Granville. introduces the Prominence line of shingles,

27 using a patented system for applying granules subsidiary of Partek North America, Inc. The that allows the shingles to compete with laminates sale price was not disclosed. Partek North at much lower investment. America, owned by Partek Corporation of Finland, produces and markets rock wool- 1995 – OWENS CORNING and Mahindra and based insulation for industrial, commercial and Mahindra establish a joint venture in India to build horticultural purposes. "This acquisition a manufacturing facility for reinforcements in reflects our commitment to the market for Taloja, India. mechanical insulation products," said Alan D. Booth, president, Insulation-North America for 1995 – OWENS CORNING opened two plants in OWENS CORNING. "Rock wool products will China, one in Guangzhou for insulation and complement our current glass fiber insulation another in Changchun for large-diameter, glass products and give us a more complete fiber-reinforced pipe. offering for mechanical and commercial applications." OWENS CORNING's 1995 – Acquired Western Fiberglass Group, impending acquisition involves the Phenix Soltech, Inc., Fiber-Lite, Falcon Manufacturing City, Ala. operation, as well as Partek's North and Delsan Industries, Inc. American pipe insulation business.

1995 – Launched Advantage 2000, an enterprise- 1996 – May 23: OWENS CORNING wide information systems reengineering effort announced the acquisition of British-owned designed to give the company world class Linpac Insulation, a major name in the operating capabilities through the pairing of insulation market in the UK and with simple, common and global processes with state- developing business in Continental Europe. of-the-art information technology. Advantage The new company will be known as OWENS 2000 will replace more than 200 outdated and CORNING PolyFoam. The terms were not incompatible computer systems with fewer than a disclosed. OWENS CORNING is one of the dozen integrated systems. world's leading manufacturers of insulation products for the building industry, and its 1995 – 1Q: In China, the company announced portfolio in Europe already includes a variety plans to form a joint venture in Nanjing to of glass and rock wool insulation products. manufacture Pink Foamular® extruded The acquisition adds Linpac's extruded polystyrene (XPS) foam insulation products. polystyrene (XPS) "PolyFoam" products offering high compressive strength and low 1995 – 1Q: In Colombia, OWENS CORNING water absorption, with a range of high established a joint venture to manufacture and performance specialty applications. market large-diameter glass reinforced plastic (GRP) pipe for municipal water and wastewater 1996 – June: Paid first dividend since systems. recapitalization in 1986.

1995 – 1Q: The company’s Botswana pipe plant 1996 – June: Filed a lawsuit under the Federal was awarded the company’s largest product Racketeering statutes (RICO) against three order, a contract to supply $75 million of GRP pulmonary function testing facilities and their pipe for the North-South Carrier pipeline in principals. The lawsuit alleged a massive Botswana. scheme to defraud the company by generating falsified medical test results. The 1996 – January 2: The company’s name is alleged false results were intended to changed to OWENS CORNING, with no hyphen substantiate the filing and settlement of tens and no modifier such as company or corporation. of thousands of asbestos-related claims The move is made to more closely reflect the logo against OWENS CORNING. adopted four years earlier, and to signal the company’s move to supply more than glass fiber 1996 – 2Q: Recorded a $ 542 million after-tax materials. A new ticker symbol, OWC, charge to account for asbestos claims corresponds to the new name. anticipated after 1999.

1996 – May 3: OWENS CORNING officials 1996 – 2Q: The newly renamed Engineered announced that they have agreed in principle to Pipe Systems business opened a new facility acquire assets from Partek Insulations, Inc., a in Cordoba, Argentina, and announced a new

28 joint venture in Turkey which is expected to start production in the first half of 1997. Both plants will 1996 – 4Q: Opened an Application manufacture and market large-diameter glass Development Center in India and announced reinforced plastic (GRP) pipe for municipal water plans for another development center in and wastewater systems. China.

1996 – September: Announced a new strategic 1996 – 4Q: Introduced the Pink Panther and thrust for OWENS CORNING – a new way to do PINK building materials in Asia, Latin America business – called System Thinking™. System and Europe. Thinking enables our businesses to combine individual parts and tasks with integrated solutions 1997 – January 9: OWENS CORNING and processes. It’s a shift from a product announced today it has acquired the balance orientation to system-driven solutions across all of the equity in the KNYTEX COMPANY, one our lines of business. The first implementation of of the world’s leading manufacturers of the new initiative was the System Thinking for the specialty reinforced glass fiber fabrics. Terms Home™. were not disclosed. Founded in 1975, Knytex was acquired by Hexcel Corporation in 1987. 1996 – September: Began moving into new World In 1993,OWENS CORNING acquired an Headquarters along the banks of the Maumee equity stake in Knytex to form a joint venture River in Toledo, Ohio. Campus setting with three- with Hexcel. In the transaction announced story building reflects changes in the culture to a today, OWENS CORNING bought out its flatter organization and greater teamwork. partner’s interest in the venture. Headquartered in New Braunfels, Texas, 1996 – September 4: OWENS CORNING today Knytex has approximately 160 employees. announced it has acquired the Celfortec foam The facility will be combined with OWENS insulation business in Canada. The Celfortec CORNING’s specialty glass fiber fabrics plant extruded polystyrene foam insulation business in San Vicente, Spain, to form OWENS was a division of Celfort Construction Materials, CORNING Fabrics. Together, the two units Inc., a subsidiary of Jannock Limited. Terms of will have sales this year of more than $50 the acquisition were not disclosed. Celfortec has million. approximately 80 employees at its manufacturing facility in Valleyfield, Quebec. Sales for 1995 were 1997 – January 14: OWENS CORNING about Canadian $20 million. The operation will be announced the launch of Advantex™ glass a part of OWENS CORNING’s Specialty & Foam fiber reinforcement, a new industry standard Products business segment. with enhanced heat and corrosion resistance. Produced with a new glass formulation 1996 – September 30: OWENS CORNING today developed by the company’s scientists, announced that it has agreed to purchase a Advantex glass fiber combines the electrical majority interest in Acoustical Fibreglass and mechanical properties of the current Insulation (Mnfg) (Pty) Ltd., the largest South industry standard – E-glass – with higher heat African manufacturer of glass fiber reinforcements resistance and the acid-corrosion properties and glass fiber and rock wool insulation. When of E-CR glass. the transaction is completed later this year, OWENS CORNING will own 51 percent, while 1997 – March: The Shanghai insulation plant current AFI owners will hold the remaining 49 shipped its first products. The plant, which percent. The new company will be known as manufactures glass fiber insulation materials OWENS CORNING South Africa (Pty) Ltd. The for thermal and acoustical applications, is terms were not disclosed. Headquartered in OWENS CORNING's second insulation plant Johannesburg, South Africa, AFI is a privately in China, following Guangzhou, which started held company with about 600 employees at its up in 1996. manufacturing facilities in Springs and Babelegi, South Africa. 1997 – March 3: OWENS CORNING today announced the acquisition of Polypan Nord 1996 – 4Q: Formed a joint venture for large- S.P.A., a manufacturer of extruded diameter, glass-reinforced plastic (GRP) pipe in polystyrene foam insulation products based in Egypt, the company's second partnership for pipe Italy. Terms of the acquisition were not in the region. disclosed. Renamed OWENS CORNING

29 Polypan, the operation will be assigned to commence no later than Tuesday, June 3, OWENS CORNING’s Building Materials Europe 1997. Following the tender offer, and and Africa business segment. The OWENS assuming the purchase by the OWENS CORNING Polypan operation has approximately CORNING subsidiary of a majority of the fully 70 employees at its manufacturing facility in Turin, diluted outstanding Fibreboard shares Italy. pursuant to the tender offer, the remaining outstanding Fibreboard shares would be 1997 – March 31: OWENS CORNING today converted in the merger into $55.00 per announced that it has acquired the business of share, in cash. As a result of the merger, Falcon Manufacturing of California, Inc., a Fibreboard will become a wholly owned producer of expanded polystyrene (EPS) foam subsidiary of OWENS CORNING. The insulation products. Terms of the acquisition were merger, OWENS CORNING’s sixteenth not disclosed. Headquartered in Los Angeles, acquisition during the past three years and the Calif., Falcon Manufacturing of California largest to date, will substantially strengthen manufactures, fabricates and distributes EPS the company’s offering in building materials foam products that are sold to the building trade systems and provide Fibreboard the industry in the Western United States. The resources for continued growth. Assuming company will become an integral part of OWENS expected synergies, the merger is expected to CORNING’s Specialty and Foam Products be accretive to OWENS CORNING in 1997 business division. and on an ongoing basis, excluding one-time, non-recurring fees. The companies expect the 1997 – May 13: To expand its presence in the transaction to close early in the third quarter telecommunications market, OWENS CORNING of 1997. announced today it has acquired assets of The Stewart Group, a manufacturer of reinforcement 1997 – July 3: The merger of Fibreboard products for the telecommunications industry. Corporation with a wholly owned subsidiary of Terms of the acquisition were not disclosed. OWENS CORNING became effective at the Headquartered in Markham, Ontario, Canada, opening of business today. As such, The Stewart Group manufactures and markets a Fibreboard became a wholly owned subsidiary composite central strength member for of OWENS CORNING. telecommunication cable using proprietary advanced Glassline technology. The Stewart 1997 – July 15: The company announced Group has approximately 20 employees. In plans to sell the Pabco business – a producer addition to the site in Canada, a new facility in of molded calcium silicate insulation, Duncan, SC, will also produce the fireproofing board and metal jacketing – which telecommunication cable products. With this was part of the Fibreboard acquisition. acquisition, OWENS CORNING will market a complete line of glass fiber products that protect 1997 – July 29: OWENS CORNING and reinforce fiber optic and copper announced an asset purchase agreement with telecommunication cable. The company already AmeriMark Building Products, Inc., a specialty manufactures a line of flexible reinforcements for building products company serving the telecommunication cable. exterior residential housing industry. The acquisition will strengthen OWENS 1997 – May 28: OWENS CORNING (NYSE/TSE: CORNING’s vinyl siding capacity, making the OWC) and Fibreboard Corporation (AMEX: FBD) company a North American leader in that today announced that they have entered into a industry. In addition, the acquisition enhances definitive merger agreement providing for OWENS CORNING’s position in the fast- OWENS CORNING to acquire all of the growing company-owned distribution channel outstanding shares of Fibreboard Corporation for for vinyl siding and vinyl windows. $55.00 per share. Under terms of the merger agreement, approved by the Boards of Directors 1997 -- 3Q: OWENS CORNING introduced of both companies, a wholly owned subsidiary of two new insulation products in the quarter OWENS CORNING will launch a cash tender aimed at the professional insulation offer for all of the issued and outstanding shares contractors and independent insulation of Fibreboard common stock at $55.00 per share, dealers. A new loosefill product, ProPink™ net to the seller. The tender offer will be subject to insulation, is a pink, unbonded blowing wool customary conditions and is expected to designed for the professional insulation

30 contractor. For independent building materials Corporation, the other partner. The name of dealers who want to differentiate their offering the business was changed to AOC, L.L.C. from competitors, the company introduced Yellow Jacket™ insulation, a product line focused on the 1998 – April 17: OWENS CORNING said it is needs of those dealers and their professional exploring the possible sale of the Glass Fiber customers. Yarns and Specialty Materials portion of its Composites Systems Business. With sales of 1997 – October 2: The company announced that about $300 million in 1997, the company's it completed the purchase of the assets of yarn business is the world's second largest AmeriMark Building Products, Inc., a specialty producer of glass yarns, and the largest building products company serving the exterior producer of fine yarns. Glass fiber yarns are residential housing industry. used in a variety of applications, including laminates for printed circuit boards, reinforcing 1997 – November 7: OWENS CORNING and its fabric for uses including packaging, roofing Fibreboard subsidiary filed suit against the and facade cladding and filtration media. The tobacco industry for damages incurred by asset sale includes manufacturing facilities in smokers exposed to asbestos. The lawsuit Aiken, SC, and Huntingdon, Penn., and asserted that asbestos workers who smoked affects about 1,500 employees. incurred lung cancer, asbestosis and other diseases at rates far greater than those who did 1998 – June 25: OWENS CORNING not smoke. While former asbestos manufacturers announced the formation of a wholly owned have paid billions for those injuries, tobacco subsidiary, called INTEGREX™, designed to companies have paid nothing. The action seeks to capitalize on its materials testing and litigation recover the tobacco companies' share for injuries management expertise by offering these to smokers exposed to asbestos whose claims services to customers and external were paid by OWENS CORNING and Fibreboard organizations. INTEGREX, which derives its Corporation – now a subsidiary of OWENS name from the words "integrated" and CORNING – which total in the billions of dollars. "expertise," is composed of two new and innovative businesses: OWENS CORNING 1998 – January 9: The company announced Testing Systems and OWENS CORNING lowered earnings expectations for 1997 and said Litigation Management Systems. it launched a major restructuring program. Due to continued pricing pressures in its Insulating 1998 – September 30: OWENS CORNING System business, the company has lowered its and Glass Holdings Corporation, a U.S. earnings estimate to about $3.00 per share for subsidiary of Groupe Porcher Industries, 1997, excluding restructuring and other charges. headquartered in Badinières, Ysère, France, A pre-tax charge totaling approximately $250 said they established a joint venture to own million will be taken for restructuring and other and operate OWENS CORNING's former related costs to reduce overhead, close glass fiber yarns and specialty materials manufacturing facilities and enhance business. The new enterprise, named manufacturing productivity with the objective of Advanced Glassfiber Yarns LLC, serves the becoming the low-cost supplier. The restructuring industrial, construction and electronics will eliminate approximately 2,200 jobs, or 9 markets with glass fiber yarns and specialty percent of the workforce. materials. Glass Holdings owns 51 percent of the new enterprise and OWENS CORNING 1998 – January 15: OWENS CORNING owns the remaining 49 percent. announced the sale of its Pabco business. The company announced its intentions to sell the 1998 – 4th Quarter: The company successfully business in July, shortly after acquiring the entered several partnership ventures during business as part of Fibreboard Corporation. the second half of the year which enable it to leverage its marketing and technological 1998 – April 1: The company announced that it strength into new areas without incurring large has completed the sale of its interest in the capital expenditures. In Composites, these ALPHA/OWENS CORNING L.L.C. joint venture, a partnerships will bolster OWENS CORNING's manufacturer and marketer of unsaturated market position in supplying new value-added polyester and vinylester resins. The company’s materials: interest was sold to the joint venture an Alpha

31 -- A joint marketing agreement with Composite the growing and fragmented market segment, Materials, LLC, to develop markets and estimated to be in excess of $3 billion. electronic applications for conductive fibers; -- An agreement with Pyramid Operating 1999 – 1st Quarter: The company dedicated Systems to develop, market and sell its new plant making Advantex® glass fiber applications for Pyramid's system for reinforcements in Taloja, India. composites molding; -- An agreement to establish a joint venture 1999 – March 18: The company acquired a with DSM Performance Polymers to market a majority share of its glass fiber reinforcements long fiber reinforced polypropylene material joint venture in Kimchon, Korea, now called system targeted at automotive applications; OWENS CORNING KOREA. -- A joint venture with the GEON COMPANY to manufacture and market material systems 1999 – 1st Quarter: Following a licensee's based on a unique technology for reinforced decision to close an Australian plant making thermoplastic polymers. glass fiber reinforcements, the company -- In Building Materials, an alliance with established OWENS CORNING Australia to Simonton Windows® to manufacture OWENS serve the former licensee's customer base CORNING-branded windows. This agreement and to develop and grow the market for better utilizes the company's resources by composite systems in Australia and New focusing on its strengths in brand and Zealand. distribution. 1999 – 1st Quarter: Plans were announced to 1998 – December 15: The company announced a install a continuous filament mat (CFM) line at National Settlement Program (NSP) under which the company's plant in Guelph, Ontario, more than 50 plaintiffs' law firms have agreed to Canada. The new line will add approximately resolve more than 176,000 asbestos cases 8,000 metric tons of CFM capacity and is against the company. The program settles close expected to be operational in the first quarter to 90 percent of the company's existing backlog of 2000. The investment follows recent and establishes procedures and fixed payments increases of CFM capacity at OWENS for resolving future claims without litigation, for a CORNING's facilities in Battice, Belgium, and term of at least 10 years. Under the NSP, Huntingdon, Pennsylvania. OWENS CORNING will make payments for pending claims of approximately $1.2 billion, 1999 – May 7: Owens Coming said its wholly primarily in 1999 and 2000. Payments will be owned INTEGREX subsidiary is being made from the company's available cash and reorganized and expanded to support the credit resources, including its existing bank lines. processing of claims under the company's Payments on future claims would begin in 2001 National Settlement Program for asbestos and will be subject to an annual aggregate cash litigation and to provide a focal point for the flow cap. Glen Hiner, chairman and CEO, said, growth of service businesses. “The National Settlement Program is a major achievement towards resolving OWENS 1999 – May 26: The company announces new CORNING's liabilities in one of the largest and joint marketing alliances with Style-Mark Inc., longest-running mass tort litigation in the history Vantage Products Corp. and Seamless Gutter of the United States. It dramatically reduces the Corp., that build on OWENS CORNING’s high cost of legal defense and the risk of extensive Exterior System offerings of vinyl excessive verdicts against OWENS CORNING, siding, roofing, vinyl windows and a host of makes more predictable the costs of our asbestos exterior accessories. These new alliances liability going forward, and enables the company create one of the broadest lines of functional to focus on capital-efficient growth.'' and decorative accessories, which help contractors provide homeowners with an 1999 – January 22: OWENS CORNING exterior package suited to their distinct tastes announced the formation of a dedicated Acoustic and personal style. Systems Business to capitalize on the strength of its brand, its long history of acoustic research, 1999 – June: OWENS CORNING re-opened and its expanding acoustics product offering. The its insulation plant in Candiac, Quebec. One company said it is taking a leadership position in of two lines was brought up initially to produce 100 million pounds of light density insulation

32 products. When the plant was mothballed in 1998, advanced for the inner box and endgate it was the company's highest-cost insulation manufacturing process. Originally developed facility. Today it is one of the lowest-cost facilities as the Programmable Powdered Preform with a streamlined workforce and a focused Process (P4), the technology was introduced product line. by the company in 1993 and more recently had been installed as an example of 1999 – June 23: The United States Supreme advanced composites technology in the Court overturned the global class settlement of all National Composites Center in Kettering, asbestos personal injury claims against the Ohio. The pickup truck box will be the first company’s wholly owned subsidiary, high-volume commercial application of a new FIBREBOARD CORPORATION. While the Court generation of the preform technology, and the returned the case to the lower courts for further largest automotive part made to date using a proceedings, it appears unlikely that the preform. settlement can overcome the many hurdles for approving a limited-fund class under Rule 23 1999 – September: Ford announces plans for (b)(1)(B), as set forth by the Court’s opinion. a sport utility vehicle in the 2001 model year If, as expected, the global class settlement is that will have an open cargo area made with finally disapproved, Fibreboard’s insurance advanced composite materials. The settlement will become effective. Under the composite box will resists dents, scratches insurance settlement, which received final Court and rust – problems that have traditionally approval in 1997, Fibreboard will receive an plagued pickup truck owners. The boxes are insurance settlement of approximately $1.9 billion, the largest composite parts ever made for which will be used to resolve Fibreboard’s light trucks. OWENS CORNING supplies asbestos claims. reinforcements for the application. The company predicts the use of composites in 1999 – 2nd Quarter: The company increased truck boxes and open cargo areas will grow laminate shingle capacity during the quarter with from zero today to more than 30,000 metric the conversion of roofing lines at plants in Denver tons annually within the next five years. and Portland. The laminate and specialty roofing markets have been experiencing an annual 1999 – September 7: OWENS CORNING said growth rate in excess of 20 percent. it will invest $13 million in Concord, North Carolina, to establish a 61,000-square-foot 1999 – November 2: The company announced fabrication operation that will employ about 90 plans to invest another $30 million installing its people. The new building will consolidate new RHOAD™ manufacturing technology bushing fabrication in one location, and being platform at the insulation plant in Delmar, New close to an international airport will make it York. Early installations have produced positive easy to ship parts around the world. The results at the company's insulation facilities. The company expects to begin production as soon RHOAD platform emphasizes high productivity as next March. The company would move and low cost. Components include the company's some equipment from its facilities in Anderson best fiberizing, production controls, glass fiber and Ridgeview, South Carolina. Those melting and forming technologies. CEO Hiner said facilities will remain open and focus on other the company plans to install the RHOAD platform activities. across our North American manufacturing system to support its lowest-cost and highest-quality 1999 – September 22: Enron and OWENS manufacturing position. CORNING, two experts in the field of energy conservation, announced a more than $1 1999 – August 18: OWENS CORNING billion ten-year agreement for total energy announced its participation with General Motors management services at 20 of OWENS and others in the GM composite pickup truck box CORNING’s major manufacturing facilities program. GM said it developed a truck box made located throughout the United States. The of advanced composite materials that can agreement is an innovative approach through withstand brutal punishment like no other product which Enron AND OWENS CORNING will currently offered in the marketplace. OWENS jointly implement an energy savings program CORNING pioneered the robot-directed fiber designed to decrease energy consumption preform technology that GM, Cambridge and costs for OWENS CORNING. Industries and OWENS CORNING have

33 Through the agreement, Enron will supply or 1999 – November 5: The company said it has manage all energy commodity requirements expanded its relationship with ImproveNet including electricity and natural gas; mitigate risks through a multi-year alliance and a $10 million of price volatility through Enron’s expertise in equity investment. The innovative relationship managing large commodity portfolios; and design, provides OWENS CORNING with a major build and finance certain energy infrastructure stake in the country's most popular online projects. home improvement service and provides ImproveNet expanded consumer reach and 1999 – October: OWENS CORNING's proprietary increased information resources. OWENS Silentex™ muffler filling system has been CORNING will also have a seat on the specified by Toyota for five vehicle models built in ImproveNet board of directors. OWENS Japan, the first applications of the technology in CORNING had previously launched a Asia. Silentex muffler technology is an integrated marketing alliance with ImproveNet that system using high-temperature glass fiber includes a presence on the OWENS insulating material, patented muffler filling CORNING Web site through a new offering machinery and a cost-effective filling process. called Do-It-For-Me Service, powered by OWENS CORNING receives licensing revenue ImproveNet™, along with content integration for the Silentex system as well as sales of on both sites, co-op marketing in the composite materials. First introduced in Europe, traditional and online media, and matching Silentex muffler filling technology migrated to services. North America on its way to being adopted by Toyota. 1999 – November 9: In Turkey, OWENS CORNING and YAPI MERKEZI, an 1999 – October 13: OWENS CORNING unveiled international heavy construction contractor its “Great Exterior Makeover,” a project in and leading builder of mass housing and Light Cleveland, Ohio, that renovated five homes using Rail Transit Systems, dedicated a pilot project the company’s full offering of exterior products. of affordable homes for families displaced by Each house showcased one of the company’s a major earthquakes in Turkey. OWENS Exterior Design Collections – new ideas in color CORNING and YAPI MERKEZI first became and style for the outside of the home. The new partners in 1996 in a joint venture making Collections group OWENS CORNING’s exterior large-diameter glass fiber-reinforced pipe for products into thematic categories – Garden™, water and wastewater projects. Hometown™, Monticello™, Lodge™ and Tidewater™ – to help consumers make 1999 – November 17: OWENS CORNING coordinated product and color choices that match and Trus Joist MacMillan announced a their tastes and the styles of their homes. strategic alliance to develop and deliver acoustical products, systems and services to 1999 – September 15: OWENS CORNING and residential and commercial customers. The IKO Industries announced a joint venture to build alliance combines OWENS CORNING's and operate a factory that will make wet-formed building materials leadership, Trus Joist glass fiber mat used mainly in the production of MacMillan's strength in engineered lumber, roofing shingles. The state-of-the-art factory will and both companies' brand appeal among be capable of making about 75 million squares of builders, contractors, and home and building mat annually, and will allow OWENS CORNING owners. to support growing demand for high-style laminate shingle systems. 1999 – December 17: The company formed a partnership with BUILDNET, the leading e- 1999 – November 3: To strengthen its position in business and project management software the roofing accessories market, OWENS provider for the U.S. residential construction CORNING announced an equity investment in industry. OWENS CORNING signed a Northern Elastomeric, Inc. (NEI), a Brentwood, Founding Member Agreement through which N.H. manufacturer of self-adhesive roofing BUILDNET will provide electronic commerce underlayment. This investment gives the company services, as well as marketing and 50 percent ownership in NEI, which manufactures promotional services. OWENS CORNING has WeatherLock® Series waterproofing also become a minority equity shareholder in underlayment. privately held BUILDNET. OWENS CORNING's Internet partnerships are

34 positioning the company as the leading building largest glass fiber mat facility, is expected to materials enterprise on the Web. begin in June 2001. When fully operational, the plant will have an estimated capacity of 90 ***** million csf (hundred-square-feet). The plant's state-of-the-art machine will be the only one in 2000 – January 1: OWENS CORNING purchased the world capable of producing mat 5 meters the exclusive North American license to wide (16.4 feet) and in a 234-centimeter (92 manufacture and distribute the Vail Metal inches) roll. Systems, LLC line of metal and copper shingles. OWENS CORNING also purchased all of the 2000 – March 20: OWENS CORNING physical assets of Vail Metal Systems. Prior to announced that DaimlerChrysler specified its this agreement, OWENS CORNING marketed Silentex™ noise control system for the mufflers Vail Metal Systems' products under a licensing of several of its vehicles built in Europe. agreement as part of OWENS CORNING's Vehicles using Silentex muffler-filling MiraVista(R) line of specialty roofing products. technology for the rear muffler include the The metal roofing market is estimated to be in Mercedes-Benz A-class (small), and the excess of $100 million and growing faster than the Mercedes-Benz C-class (mid-size). roofing market as a whole. DaimlerChrysler also plans to specify Silentex technology for the rear muffler of E-class 2000 – January 12: The company broke ground Mercedes-Benz (standard) and for the rear for a new Cultured Stone® manufacturing plant in mufflers of all other new Mercedes-Benz Chester County, South Carolina. The new facility models later in 2000. will support Cultured Stone's growth agenda, and will complement existing plants in Napa, 2000 – January 20: General Motors' Saturn California, and Navarre, Ohio. Division has had great success using an acoustical door insulator made with OWENS 2000 – January: The company announced an CORNING's proprietary new VersaMat™ agreement to sell the Falcon Foam expanded system, representing the first large-scale polystyrene business to Atlas Roofing. This action application for this material. The company has is part of OWENS CORNING's commitment to signed a contract that covers parts for up to raise cash and focus on its core businesses by 250,000 vehicles through 2001. divesting certain non-strategic assets. Closing is anticipated by the end of the first quarter. 2000 – April 4: OWENS CORNING strengthened its presence in the growing but 2000 – January 31: The company signed a fragmented acoustics market by acquiring memorandum of understanding with Alcopor Conwed Designscape, a leading producer of Group, a leading Swiss producer of building fabric-wrapped acoustic wall panels that help materials, to form a joint venture with OWENS improve sound quality in commercial and CORNING's European Building Materials institutional settings, such as offices, Systems business. The joint venture company auditoriums and classrooms. would include OWENS CORNING's European Building Materials Systems business and be 2000 – April 7: The company formed a controlled jointly by Alcopor Holding AG and strategic alliance with THEO KALOMIRAKIS OWENS CORNING. THEATERS, INC., a premier home theater designer. The alliance will integrate OWENS 2000 – February 2: The company announced the CORNING’s leading edge acoustic technology closing of the sale of its Falcon Foam business to and systems INTO THEO KALOMIRAKIS Meridian, Miss.-based Atlas Roofing Corp. THEATERS’ new affordable line of theater OWENS CORNING chairman CEO Glen Hiner designs. said the sale supports the company's intent to focus on its core businesses. 2000 – June 5: OWENS CORNING, the world leader in building materials systems, and 2000 – March 30: FIBERTEQ LLC, a joint venture Alcopor Group, the Swiss leader in foam between OWENS CORNING and IKO Industries, insulation systems, have successfully selected Danville, Illinois, as the site of a $50 completed the formation of a European joint million wet-formed glass fiber mat facility. venture to expand their building Materials Production at the plant, which will be the world’s business within Europe. OWENS CORNING's

35 European Building Materials Systems Business is other liabilities and provide a suitable capital already a major producer of mineral wool and structure for long-term growth. All of OWENS extruded polystyrene foam insulation systems in CORNING's U.S. operating subsidiaries and the U.K., Belgium, Italy and Spain. The Alcopor certain other U.S. subsidiaries filed Chapter Group is the largest manufacturer of expanded 11 petitions. None of the company's other polystyrene insulation systems in Switzerland and subsidiaries, joint ventures and affiliates, operates various units in Germany and Eastern including all operations located outside the Europe. Important strategic and operational United States, were included in the filing. synergies are expected as a result of this venture through expanded geographical coverage of 2000 – November 13: OWENS CORNING Western and Eastern European markets and and Armstrong World Industries Inc., one of accelerated development of business activities. the largest manufacturers of interior finishing Alcopor Holding AG will have the majority interest solutions, have formed a strategic alliance in the joint venture, which will be led by newly that will lead to the transition of their appointed CEO Jean-Francois Santicoli. Soundsoak® acoustical wall products to OWENS CORNING. Under the terms of the 2000 – July 7: OWENS CORNING expanded its agreement, Armstrong will continue to roofing accessories product line with the manufacture the Soundsoak product line and introduction of nine new VentSure® ventilation OWENS CORNING's Acoustic Systems products, including new slant back, round top, Business will assume responsibility for square hood and rotating turbine vents. The product line strategy, sales and service. company said its goal is to provide contractors with a complete roofing system that works 2000 – November 15: Maura Abeln Smith was together to produce superior performance. named to the newly created post of Chief Restructuring Officer. Smith will continue as 2000 – July 13: OWENS CORNING and Premdor senior vice president, general counsel and Inc., one of the largest worldwide manufacturers, secretary while providing the leadership marketers and merchandisers of quality needed to restructure the company and residential and commercial doors are joining develop a plan of reorganization as required forces to launch the OWENS CORNING by last month's voluntary filing under Chapter QuietZone™ Acoustic Door System. The strategic 11 of the U.S. Bankruptcy Code. partnership provides homeowners, builders and contractors with the first-ever interior, pre-hung 2000 – November 16: Following approval by acoustic door for the home. the Bankruptcy Court, OWENS CORNING acquired assets from Foundry & Steel Inc., in 2000 – September 13: OWENS CORNING Anderson, South Carolina, and Amarillo, announced franchise opportunities for its Texas. The acquisition secures for OWENS innovative Basement Finishing System. The CORNING the expertise and operational franchise opportunity, a new way of doing capability of a long-time glass textile and business for the company, gives contractors a reinforcements vendor, and also broadens the simple, premium-quality solution for finishing capability of the company’s Manufacturing basements. It also provides homeowners with a Solutions Business. beautiful, affordable way to create usable living space without the inconvenience of traditional 2000 – December 8: OWENS CORNING basement renovations. OWENS CORNING’s hosted an open house at its Irving roofing Basement Finishing System will be available plant to give customers a look at its new $40 exclusively through authorized franchisees. million state-of-the-art production line for laminated roofing shingles. The new 2000 – October 5: To address the growing production line in Irving is OWENS demands on its cash flow resulting from its multi- CORNING’s ninth and largest to date for billion dollar asbestos liability, the company laminated shingles, the fastest-growing voluntarily filed for reorganization under Chapter segment of the residential roofing market. 11 of the U.S. Bankruptcy Code. The filing in Wilmington, Delaware, will enable OWENS 2001 – January: In his first weekly CORNING to refocus on operating its business Perspectives of the new year, Chairman and and serving its customers, while it develops a plan CEO Glen Hiner announced a goal of being of reorganization that will resolve its asbestos and Clear and Free by ’03. “By ‘clear,’ we mean

36 that the company will have developed and the first home theater system that includes all presented a plan of reorganization approved by of the elements in one complete, affordable creditors and the Bankruptcy Court,” said Hiner. package. It is a totally installed solution and is “By ‘free,’ we mean that our plan of reorganization a valuable sales package for builders. will include a trust that will resolve all current and future asbestos claims against the company. We 2001 – March 5-9: OWENS CORNING turned expect that the trust will be funded by a package the spotlight on employees during a special of assets, including stock of the new Owens Recognition Week celebration honoring Corning, as well as notes and cash sufficient to outstanding accomplishments by individuals satisfy the estimated total liability of Owens and teams. Titled, "Simply the Best," the Corning. We need to put this emotionally and event focused on employees efforts and how financially draining chapter in our history behind they positively impact the company's success. us once and for all.” A different award category was showcased each day during the week. “This is a time to 2001 – January 8: OWENS CORNING and THEO celebrate not only our company’s highest KALOMIRAKIS ENTERPRISES, a subsidiary of achievements, but the day-to-day heroics that THEO KALOMIRAKIS THEATERS – the world's make this Company excel,” said Chairman leading designer and manufacturer of home and CEO Glen Hiner. “Please accept my theaters – formed a strategic alliance that will lead sincere thanks for all you do!” to the transition of their SelectSound® Acoustic Room System to TKE. Under the terms of the 2001 – March 8: Dr. Warren W. Wolf, vice agreement, OWENS CORNING will continue to president, chief scientist and director of manufacture the SelectSound Acoustic Room Science and Technology, announced his System and TKE will assume responsibility for intention to retire at the end of July. Until then, product line strategy, marketing, sales and Chairman Hiner asked Dr. Wolf to continue as service. chief scientist, serve as a consultant to the CEO and lead a special assessment of the 2001 – January 22: David T. Brown was named company's technology. His replacement as executive vice president and chief operating leader of the technology function is Frank officer for OWENS CORNING with responsibility O'Brien-Bernini, vice president, Technology for all operating businesses of the company for the Insulating Systems Business. O’Brien- throughout the world. “Dave brings enormous Bernini retains his current position and takes credibility and experience with him as he assumes on the additional responsibility for the his new position,” said Chairman and CEO Glen technology function across the company as Hiner in announcing the promotion. “Dave has vice president, Owens Corning Science and earned the respect of the entire Owens Corning Technology. team and has clearly and consistently demonstrated the leadership and communication 2001 – March 12: OWENS CORNING skills to make him an effective, highly respected announced its intent to renovate the and trusted leader. His immediate objective,” company's oldest fiberglass insulation facility, continued Hiner, “will be to ensure that our located in Newark, OH. The “Newark company stays focused on profitable, global Reinvention” involves significant investment growth through execution and teamwork.” by the company to upgrade Newark's facilities to world-class capabilities. Infrastructure will 2001 – February 10: OWENS CORNING unveiled be improved, outdated buildings and the Visionaire FX™ Personal Entertainment equipment torn down, and a complete Center, a complete home theater environment program of modernization undertaken. It is that looks and feels like a real movie theater. The expected that the Reinvention Plan will not system, which will be marketed to builders, comes only improve Newark's cost position, but also complete with all of the elements required to enhance quality control, productivity and create a movie theater environment in the home: safety. video projection system, letterbox-format screen, Dolby Digital surround sound, architectural 2001 – March 13: OWENS CORNING and components (theater chairs, speaker columns, Armstrong World Industries Inc., one of the acoustical panels, etc.) and installation by largest manufacturers of interior finishing OWENS CORNING Sound Professionals. The solutions, formed a strategic alliance that will Visionaire FX Personal Entertainment Center is incorporate Armstrong ceiling tiles into

37 OWENS CORNING's Basement Finishing delivery to automotive OEMs and Tier One System. The Basement Finishing System is suppliers. The companies will pool delivered through authorized, independent complementary resources to develop franchisees, giving builders a simple, easy, advanced Structural Reaction Injection premium-quality solution for finishing basements. Molding (SRIM) and Reinforced Reaction It also provides homeowners a beautiful, Injection Molding (RRIM) technologies as affordable way to create usable living space alternatives to steel and aluminum in without the inconvenience associated with structural automotive applications. traditional basement renovations. 2001 – October: Energy Mission: Possible, a 2001 – March 14: The company announced the program developed in the Composite Systems sale of nearly all of its Engineered Pipe Systems Business, became a corporate-wide initiative business to SAUDI ARABIAN AMIANTIT and part of the company’s overall strategy to COMPANY, a joint stock company headquartered manage energy cost and demand. The three- in Dammam, Saudi Arabia. Amiantit has been a fold energy management strategy also business and joint venture partner with OWENS includes creative procurement efforts and CORNING since 1977. demand side management. The goal is to develop a competitive advantage by reducing 2001 – May 21: The Cultured Stone business energy costs 20 percent by 2005. dedicated its newest and most advanced facility for making manufactured stone veneer in 2001 – August 2: A Residential Solutions and Chester, SC. The 200,000-square-foot facility is Services business was formed by combining the third plant operated by the business. The three existing businesses – Home Repair and other two are in Napa, Calif., and Navarre, Ohio. Improvements, Visionaire FX Home Theatre System and Basement Finishing System. The 2001 – May 22: OWENS CORNING announced new business will serve a time-constrained that its new Visionaire FX™ Personal segment of the population that wants to Entertainment Center is available as a franchise purchase service work for their homes. opportunity. The company’s objective is to establish a national network of franchisees that 2001 – November 16: The company will be licensed to sell and install the Visionaire FX introduced TruPave paving mat, a high- system. By franchising the system, it will provide performance, non-woven fiberglass/polyester direct local market access and an effective fabric designed for hot-mix asphalt working relationship with the custom homebuilder. pavements. TruPave mat resists shrinking and stretching during application, and it is 2001 – July 13: The Fabwel business announced recyclable. its intent to close an aluminum building products facility in Plant City, Fla. The decision was based 2001 – November: The Basement Finishing on continued softening in market demand and System franchise network achieved its first news that a major customer will produce their own million-dollar month. The network of 25 parts internally. Some production at Plant City, franchisees reported combined sales of more which employed 45 people, was moved to than 70 basement installations, putting them Douglas, Ga. over the million-dollar mark for the first time in the short history of the business. Owens 2001 – July 17: Owens Corning and the U.S. Corning makes and fabricates the materials Department of Energy expanded their successful and receives a portion of each sale as the Energy Savers Partnership Program to include a franchiser. new Energy Savers Home Energy Quiz. The new quiz helps homeowners determine their home’s 2001 – November 19: Conwed Designscape, current energy-efficiency level and offers tips to a division of Owens Corning, announced a make improvements. distribution agreement with Fabryka Melbi Balma S.A., a manufacturer of European 2001 – July 26: The Automotive Solutions design office furniture. Conwed Designscape Business and the Automotive Business Group of launched nine lines of Balma office furniture, Bayer Corporation announced an alliance to including freestanding desks and conference develop advanced polyurethane/glass fiber and storage components. composite technologies and accelerate their

38 2001 – November 20: The Insulating Systems Automotive management. The business is a Business announced plans to close the plant in part of the Composite Solutions Business. Tucker, Texas, by the end of the year. The Tucker plant employed 57 people and manufactured light 2002 – January 24: The Residential Solutions density insulation. The decision to close the and Services business changed its name to facility was based on continued economic HOMExperts business. Incorporating Home softening, decline in regional demand and system Repair and Improvements, Basement costs. Finishing System and Home Theater Systems, the HOMExperts business gives 2001 – December 4: Owens Corning acquired builders the opportunity to outsource Wall Technology Inc., a Broomfield, Colo.-based specialized home services they might not company supporting the company’s commitment have the resources to offer to homeowners. to establish a leadership position within the The business also gives Owens Corning a growing acoustics market. Wall Technology direct link to consumers. produces both custom acoustical wall systems and specialty ceilings designed to improve both 2002 – January 29: Responding to growing the aesthetics and acoustic performance of consumer interest in leisure time amenities for commercial and institutional space. the home, Owens Corning introduced a line of premium fencing, decking and railing 2001 – December 17: Owens Corning extended products. The Generations™ line of FDR the warranties of its Oakridge Architectural series products is composed of vinyl and high- shingles, providing its contractor customers with a strength composite materials and offers significant competitive advantage. The enhanced homeowners a viable alternative to traditional coverage extends up to a 50-year limited product wood and metal products that virtually warranty and wind resistance coverage of up to eliminates the need for maintenance. 90 mph. 2002 – February 4: The Insulating Systems 2001 – December 18: The board announced a Business announced plans to increase the management succession plan for the retirement manufacturing capacity for its ProPINK of Chairman and CEO Glen Hiner, whose unbonded loose fill and Advanced departure will be effective April 18, 2002. David T. ThermaCube Plus products by more than 30 Brown was named chief executive officer, percent. Capacity increases will be president and board member; Chief Financial implemented at plants in Salt Lake City, Utah; Officer Michael H. Thaman was named chairman Toronto, Ontario; Edmonton, Alberta; and of the board; and Maura Abeln Smith, who is chief Santa Clara, California. In addition, the restructuring officer, general counsel and company said it will increase bag coverage on secretary, was also elected to the Board of ProPINK insulation by 17 percent by April 1, Directors. All board appointments are effective making it the most productive unbonded loose January 1, 2002, and all management changes, fill product in the industry. including Thaman’s election as chairman, are effective April 18, 2002. Brown will be responsible 2002 – February 22: The Fabwel division for all day-to-day operations and the overall changed its name to Owens Corning performance of the company. Thaman will Fabricating Solutions. Founded in 1972, the continue as chief financial officer with an added business is a custom fabricator and supplier focus on the financial reorganization strategy, as of exterior components to the recreational well as all matters associated with corporate vehicle, manufactured housing, residential governance. Smith will continue to lead the cargo trailer, light commercial building and Chapter 11 reorganization as well as carry on her marine markets. The business was acquired duties as general counsel and secretary. in June 1997.

2002 – January: Owens Corning broke ground for 2002 – March 10: A new brand campaign was a 57,000-sq.-ft. Automotive Solutions Center in launched to communicate the message that Novi, Mich. The site was chosen for its proximity no one does more than Owens Corning to to Detroit-based customers. Scheduled to open in make homes better, more comfortable and the second quarter, the center will house more enjoyable places to live. The campaign administrative staff, scientists, engineers and OC features sports-themed advertising in sports- oriented media. The centerpiece was title

39 sponsorship of the NIT college basketball four categories surveyed – familiarity, brand tournament. Fans also saw Owens Corning brand used, brand used most and highest quality ads during the NHL, NCAA, MLB and the LPGA. rating. Owens Corning’s asphalt/fiberglass roof shingles were recognized as the most 2002 – April 12: Employees had the opportunity to familiar brand, while its ridge vent systems bid farewell to retiring Chairman and CEO Glen were named most familiar brand, brand used Hiner. COO Dave Brown kicked off the reception and brand used most. with comments about the great impact Hiner had on Owens Corning and said a most sincere thank 2002 – May 9: The HOMExperts Home you on behalf of all employees. Hiner, with his Repair and Improvements business wife Ann at his side, reflected on his 10 years with purchased the assets of Chicago-based Odd the company and expressed his wishes for a Jobs, LLC, a handyman services business. future of growth and tremendous success. The acquisition enables the HOMExperts business to accelerate its presence into the 2002 – April 17: Owens Corning changed its Chicago market within the next year. Owens ELAMINATOR Insulating Systems from Corning’s HOMExperts Home Repair and licensing agreements to a network of franchises. Improvement business is dedicated to The move follows Owens Corning’s creation of providing reliable, high-quality home repair franchise opportunities for its Basement Finishing and improvement services for homeowners. System, first offered in early 2000, which had signed up more than 25 franchise holders. The 2002 – May 30: OC™ Automotive dedicated patented ELAMINATOR System includes its new Automotive Solutions Center in Novi, equipment and processes for installing insulation Mich. Built to accelerate the growth of on the roofs of pre-engineered metal buildings. composites in the automotive market, the center brings together the company’s 2002 – April 18: Dave Brown became the sixth strengths in application development, program chief executive officer of Owens Corning. Mike management and technical expertise. The Thaman became the company’s sixth chairman of facility features a prototype lab that allows the the board of directors. business to demonstrate new technology. The business is focused on four key areas for 2002 – April 23: Dave Brown held his first all- growth in composites by automakers – employee meeting as CEO. He said he wanted to structures, closures, interior and exterior convey one message: “It’s a new day, we have a acoustic systems. bright future and I want you to be part of it.” Brown also told employees they are going to build 2002 – June 7: The company announced an a great company together, and that the keys to agreement with Knauf Distribution SAS, the profitable growth of the Company are: granting Owens Corning exclusive marketing behaving like One Company, powerfully engaging and sales rights for Knauf’s Fibracoustic every employee and becoming obsessed with the ceiling and wall products in North America. customer. He concluded by saying, “Owens Conwed, an Owens Corning company, will Corning as one company is our customers’ market the product as Fibersorb™ acoustic fondest dream, our competitors’ biggest fear, and ceilings and walls. Constructed of random our employees’ greatest opportunity.” wood fibers and a hard cement-like coating, Fibersorb products are engineered for 2002 – April 29: Wall Technology, Inc., a part of acoustical performance and abuse resistance. the Acoustic Systems Business, signed an agreement with Innovative Interiors and 2002 – June 14: The Vinyl Siding, Metals and Construction of Golden, Colo., making Innovative Distribution businesses were integrated in a Interiors a nationwide certified Eurospan stretched newly formed Siding Solutions Business. ceiling system installer. The Eurospan system Integrating the businesses is expected to provides high-performance acoustics with a improve customer service by providing one smooth, monolithic appearance. face to the market while better focusing resources on profitable growth. SSB employs 2002 – May: Several company products were 3,300 employees in 181 facilities, and has rated highly in a study published in Builder projected sales of approximately $1.1 billion in magazine. Owens Corning’s PINK insulation and 2002. Cultured Stone brand were rated highest in all

40 2002 – July 18: Ninety days into the process of is a measure of how long a fiber stays in the evolving as One Company, CEO Dave Brown body if inhaled, in the potential health effects held an all-employee meeting to address progress of airborne fibers. in tearing down silos and show how employees are becoming engaged in pleasing customers. 2002 – August 1: The company re-dedicated Brown also identified five areas of strategic focus its Science and Technology Center to mark for growth: Employee Engagement, Customer the creation of a more integrated work Experience Second to None, Leverage the Brand, environment at the site in Granville, Ohio. An Transform the Supply Chain and Performance Integration Project launched more than a year Obsessed. earlier moved most of the site’s 375 employees into one complex. Sharing 2002 – July 18: The company introduced a new workspace and resources is expected to theme line – Innovations For Living – to reflect the increase the speed of innovation by bringing essence of the company’s brand. The theme is together knowledge and needs. based on focus group sessions conducted in several locations with consumers, customers and 2002 – September 17: Owens Corning said it product specifiers. Research showed that will no longer offer the MiraVista product line, innovation, knowledge, integration and leadership including shake, slate, designer metal and are the pillars on which the corporate brand can copper shingles. The company will instead stand. Innovations For Living was developed to focus on its core asphalt roofing business with emphasize innovation and the products and premium laminate shingles, which are a better solutions Owens Corning provides that enhance fit for the company’s distributor, contractor everyday lives. and sales networks. The Adelanto, Calif., plant will close by the end of the year, and the 2002 – July 23: Owens Corning announced the copper/metal shingle operations in Denver, acquisition of its first Basement Finishing System Colo., will be discontinued. franchise – Certified Basements, Woodbridge, Va. The company-owned franchise will allow Owens 2002 – September 19: The company exited Corning to develop a greater understanding of the the integrated home theater business, which day-to-day operation of a Basement Finishing had marketed systems under the VisionaireFX System franchise. trademark. Acceptance of the innovative concept did not grow quickly enough to 2002 – August: The International Agency for support the business. Most systems were Research on Cancer (IARC) revised its installed in new homes priced at more than classification of the carcinogenic potential of glass $800,000, and the falling stock market and wool. In 1987, IARC had determined that glass downturn in the economy significantly wool was a “possible human carcinogen.” In impacted that market. October 2001, IARC reviewed the scientific data now available and removed insulation glass wool 2002 – October 10: Owens Corning from the list of possible carcinogens. A report introduced ProPINK FastBatt™ insulation – a documenting the science behind this change in flexible, fiberglass insulation batt with a flangeless Kraft facing. Designed for classification was made available through IARC installation in the wood framed cavities of and the agency issued a press release stating exterior wall assemblies, ProPINK FastBatt that "Epidemiologic studies published during the insulation is engineered to improve 15 years since the previous IARC Monographs productivity during installation. “Friction fit” review of these fibers in 1988 provide no evidence application requires no stapling to hold the of increased risks of lung cancer or of batt in place. In addition, the flangeless Kraft mesothelioma (cancer of the lining of the body facing provides the vapor retardant membrane cavities) from occupational exposures during required by most building codes. manufacture of these materials, and inadequate evidence overall of any cancer risk." The IARC 2002 – October 16: The Fabricating Solutions conclusion was based in part on the extensive Business announced plans to close research published by Owens Corning scientists manufacturing facilities in Douglas, Ga., and in peer-reviewed scientific literature that Waco, Texas, by Dec. 13, 2002. The facilities illuminated the critical role of fiber durability, which produced vertical-seam residential and light commercial metal products for the

41 manufactured housing and specialty roofing 2002 – October 30: Owens Corning received markets. The business will continue to focus on a $1.9 million grant from the National Institute the recreational vehicle, cargo and specialty of Standards and Technology for research fabrication markets. and development work to enhance the performance of rigid nano-composite foam 2002 – October 22: The OEM Solutions Group insulation while discovering a new blowing announced a consolidation of several operations agent for use during production of the foam. and closing of three facilities. The facility in Grand The U.S. Department of Commerce Advanced Rapids, Mich., closed Oct. 11, 2002. Operations Technology Program grant is for three years will cease at Hebron, Ohio, by Nov. 8, 2002, and and will enable Owens Corning scientists and at Angola, Ind., by Nov. 15, 2002. The Angola and engineers to develop advanced micro-cellular, Grand Rapids operations serviced the acoustical nano-composite rigid foam building materials tack panel market for office furniture with much higher structural strength and manufacturers. The Hebron facility manufactured thermal insulation performance than existing the fiberglass media used by the other two plants. materials, using environmentally benign The changes affected 63 employees in Grand blowing agents to replace HCFCs. Rapids, 24 employees in Angola and 44 employees at the Hebron facility. 2002 – October 31: The HOMExperts™ Home Repair and Improvements Business acquired 2002 – October 22: Owens Corning announced the assets of California-based Home Finishes, plans to sell the high-temperature mineral wool LLC, a company providing skilled construction pipe and board plant in Phenix City, Alabama. The labor to the home improvement and building facility, employing 122 people, was purchased industries in Los Angeles, San Francisco and from Partek Insulation, Inc. in 1996. Sacramento. The three cities join a growing list of markets with HOMExperts services – 2002 – October 24: CEO Dave Brown hosted an Boston, Minneapolis/St. Paul, Chicago, employee meeting to review a new strategic plan Indianapolis, Denver, Atlanta, and developed by the leadership following a Washington, D.C. comprehensive analysis of the company’s 28 individual business units. Brown said the plan 2002 – November 5: In an industry first, balances short-term financial needs with long- Owens Corning achieved Underwriters term requirements for success. He also outlined Laboratories (UL) acoustical listing for its the Framework for Change, which encompasses Conwed and Wall Technology fabric wall the company’s purpose – delivering solutions, panels. The listing verifies that noise reduction transforming markets and enhancing lives – its coefficients are being achieved and provides One Company strategic intent and the five third-party assurance of acoustical Strategic Areas of Focus – creating customer performance. experiences second to none, transforming the supply chain, leveraging the brand, engaging 2002 – November 8: The Exterior Systems employees and becoming performance obsessed. Business exited the fence and deck systems business effective immediately. The move 2002 – October 29: While reporting financial included all Owens Corning branded fencing, results for the third quarter, Owens Corning decking and railing products. announced additional charges for asbestos- related liabilities of $1.381 billion for Owens 2002 – November 18: Owens Corning Corning and $975 million for Fibreboard, for a announced its title sponsorship of the total charge of $2.356 billion. The reserve for Preseason National Invitation Tournament asbestos liability was increased because the (NIT), November 18-29, 2002. A national company determined that asbestos claims to be advertising campaign is planned to submitted in Chapter 11 are higher than the accompany the principal sponsorship of the company’s prior reserve. While the charge was event, which is one of the country’s most significant in terms of reported results, it was an prestigious college basketball tournaments. accounting reserve that did not require the company to pay any cash at the time it was 2002 – November 21: The Siding Solutions recorded. Business announced plans to sell the metals business, the Atlanta vinyl siding plant and its Florida manufacturing operations. The metals

42 business, acquired in 1997, includes plants in Ohio, at least through the first quarter of 2003. Roxboro, N.C.; Bellwood, Va.; Ashville, Ohio; and The facility employs about 50 people. Beloit, Wisc., along with an office in Raleigh, N.C. The Atlanta siding plant services the 2003 – January 6: The Exterior Systems manufactured housing market, a highly Business introduced the Berkshire™ competitive, low margin/low growth industry Collection featuring a premium laminate segment. The Florida manufacturing operations shingle with the upscale look of slate and the include the Bradenton Window Plant and the durability and performance of an asphalt Lakeland Door Plant. shingle. Using a patented manufacturing process, precise granule drops create 2002 – December 3: The company closed its shingles with unique color tabs. These then glass fiber reinforcements manufacturing facility in blend with three other complementary colors Wrexham, North Wales, U.K. “Despite significant to create an attractive shingle. The collection performance improvements achieved by includes 12 shingle colors and a limited employees at Wrexham, manufacturing costs lifetime warranty, including 15-year algae remain too high to compete in the markets served resistance and 110 mph wind resistance by the facility,” said Dick Lantz, president of the warranties. Even the method of packaging is Composite Solutions Business. “We looked very unique as Berkshire shingles are packaged hard to find alternative options for the Wrexham face up with no need to flip and spin the facility but we could not identify any structure that product during installation. would allow the facility to succeed.” The facility employed 230 people and manufactured 2003 – January 17: Owens Corning filed a fiberglass roving and chopped strand mat. Plan of Reorganization with the United States Bankruptcy Court in Delaware. The company 2002 – December 10: Advanced Glassfiber Yarns filed the joint plan with 17 of its United States LLC, a joint venture formed in 1998 by Owens subsidiaries, the Official Committee of Corning and Groupe Porcher Industries, filed for Asbestos Claimants and the Legal Chapter 11 bankruptcy protection. Owens Corning Representative for future asbestos personal maintains a 49 percent share of AGY, which is a injury claimants. “The filing is an important global supplier of glass fiber yarns used in a milestone for Owens Corning,” said CEO variety of electronic, industrial, construction and Dave Brown. “This plan advances our specialty applications. AGY said it expects daily objective of emerging from Chapter 11 as operations to continue without disruption during quickly as possible as a strong and Chapter 11. competitive company well positioned to serve our customers.” The plan provides for partial 2002 – December 19: After trading on the New payment of creditors’ claims in the form of York Stock Exchange for nearly 50 years, Owens new common stock, notes of the reorganized Corning shares were removed and began trading company and cash. Since all classes of instead on the Over-The-Counter Bulletin Board unsecured creditors will not receive full value under a new trading symbol – OWENQ. The for their claims under the plan, existing exchange said Owens Corning shares had fallen common stock of Owens Corning will be below their continued-listing standards. cancelled and current shareholders will Specifically, average market capitalization during receive no distribution or other consideration a 30-trading-day period was less than $50 million in exchange for their shares. and the average closing price was less than $1 during that period. CEO Dave Brown said 2003 – January 24: Owens Corning delisting from the NYSE does not affect business announced a sponsorship that created an operations or the restructuring efforts. alliance in building science technology. The Environments For Living® program, 2002 – December 19: Owens Corning announced developed by Masco Contractor Services and plans to curtail production of MIRAFLEX® two leading companies in building science, insulation and eventually exit the product line. enables builders to enhance the overall While consumer and industry response has been livability of their homes while providing peace positive, demand for the product never reached of mind regarding energy use. With the the levels needed to efficiently produce the sponsorship, Environments For Living will be material. The company said it planned to continue available through Owens Corning Certified operating the manufacturing plant at Mt. Vernon, Energy Professionals.

43 Climate RESOLVE (Responsible 2003 – February: Owens Corning introduced OC Environmental Steps, Opportunities to Lead Molding Mat Fabrics for closed molding processes by Voluntary Efforts) program is part of a in the marine industry. The new glass fiber fabrics presidential initiative to reduce greenhouse are stronger than traditional molding mat and offer gases including carbon dioxide, which result greater stability. The new fabrics provide a from the burning of fossil fuels in power superior surface on finished parts, reduce plants, factories, offices, homes and processing time and increase ease of handling for transportation. boat builders. Their flexibility and versatility also allow more freedom in boat design. 2003 – April 1: SABIC EuroPetrochemicals said it will acquire Owens Corning’s 50 2003 – February: According to a survey of the percent share in StaMax BV, a joint venture country’s top 50 homebuilders by Home Builder formed in 1999, giving SABIC full ownership Executive magazine, Owens Corning ranks highly of the company that produces StaMax® P with homebuilders across the country. In its long glass fiber polypropylene composite annual Innovations Award issue, the magazine material. Owens Corning will be the sole gave top honors for 2002 to Owens Corning supplier of PerforMax® glass fiber. StaMax insulation and roofing products. BV will use Owens Corning’s patented process and proprietary glass fiber to produce 2003 – March: The Brazilian magazine Exame and sell material in Europe. included Owens Corning in its list of the 100 Best Companies to Work for in Brazil. Companies are 2003 – April 1: The Composite Solutions selected for achieving the highest scores in the Business introduced six new products at the areas of compensation, benefits, career JEC trade show for composites in Paris. The opportunities and training, safety, degree of trust new products include three Single End Type in company management, work and company 30® rovings, OC® FM 8686 continuous pride, communication, workplace atmosphere and filament mat, OC® VL 8101 glass social responsibility. reinforcement mat, and an OC® Veil Technologies reinforced composite core. 2003 – March 4: FORTUNE magazine ranked Owens Corning fifth in the building materials/glass 2003 – April 1: Owens Corning Automotive category of its 2003 list of America’s Most- reported progress in developing an integrated Admired Companies. Companies were ranked by composite speaker panel that will make more than 10,000 executives, directors and distributed mode loudspeakers (DMLs) securities analysts on eight criteria including commercially viable in the automotive market social responsibility, innovation, long-term in the near future. The composite speaker investment, use of corporate assets, financial panel offers numerous benefits to auto soundness, quality of products/services and manufacturers including lower systems costs, quality of management. increased space savings, greater design flexibility and weight reduction. A prototype of 2003 – March 5: Alcoa Home Exteriors, Inc. the composite speaker panel was displayed at acquired the Owens Corning vinyl production the composites show in Paris. facility in Atlanta, Ga. 2003 – April 21: Conwed Designscape, an 2003 – March 19: Employees at Newark, Ohio Owens Corning company, launched its successfully passed an ISO 9001:2000 quality innovative Respond® Access Ceiling. The management system audit. Newark had been downward accessible, torsion-spring ceiling registered to ISO 9002:1994, but the ISO 9000 system is easily opened for access to pipes, series of standards was revised and this was the ducts, wiring and sprinklers. The system was plant’s first attempt to meet the revisions. ISO designed and developed at the Owens 9001 registration is required by several of the Corning Science & Technology Center in plant’s customers. Granville, Ohio.

2003 – March: Owens Corning joined leading 2003 – April 22: Owens Corning announced companies in working with the Business its participation in the Built Green Colorado™ Roundtable on improving energy efficiency and program, the largest green building program greenhouse gas reduction. The Roundtable’s in the United States. Introduced in 1995, Built

44 Green Colorado now has more than 100 builder in three major areas: OHSAS 18001, ISO members and implemented its program in more 14001 and ISO 9001-2000. The plant thus than 13,000 Colorado homes. Eleven percent of became one of the first companies in France, all new homes built in Colorado in 2002 as well as the first Owens Corning facility, to conformed to Built Green standards. integrate the three separate quality management systems in depth. In 2000, 2003 – May 7: In a surprising move, long-time L’Ardoise also became the first Owens competitors Owens Corning and Saint-Gobain Corning facility to have its environmental announced plans to form a joint venture and build management system certified ISO 14001. a state-of-the-art manufacturing facility for glass fiber reinforcements. The 50/50 joint venture will 2003 – June: Owens Corning received the produce reinforcements to be sold in equal shares United States Certificate of Registration for through the Owens Corning and Saint-Gobain the color PINK trademark as applied to Vetrotex sales networks. Production is planned for packaging on roofing shingles. The late 2004. The companies said the joint venture registration officially extends the company’s springs from a need to meet customer needs trademark rights for the color PINK to roofing while working within the composites industry to shingles. enlarge the market by replacing traditional materials. 2003 – June 25: Owens Corning received GREENGUARD Certification™ from the 2003 – May 9: IIG MinWool LLC acquired the GREENGUARD Environmental Institute for assets of the Phenix City, Ala. plant that insulating products including PINK fiber glass manufactures high temperature mineral wool pipe batts and rolls, all blowing wools, Foamular and board products. MinWool is a unit of the extruded foam, QuietZone batts and acoustic Industrial Insulation Group (IIG). floor mat, SelectSound black acoustic blanket and FoamSealR ridged sill gasket. 2003 – May 12: A crew of HOMExperts™ Certification demonstrates that the products technicians turned a Southwestern-themed room contribute minimal emissions to indoor into a gorgeous living space on the talk show, environments. Owens Corning is the first Oprah. Taped in March, the home improvement manufacturer to receive certification for segment featured a room makeover. HOMExperts extruded foam board products. donated about 12 days to the project but promoted its name and brand on a national level. 2003 – May: Lloyds Register Quality Results were so impressive the producers asked Assurance Ltd. (LRQA) recommended the the crew to participate in an upcoming kitchen Aiken, S.C. plant for certification in ISO makeover. 9001:2000, ISO 14001:1996 and OHSAS 18001:1999. This is the first triple-certification 2003 – May 15: The Roofing Systems Business for quality, environmental and health and introduced WeatherGuard® HP shingles, safety in North America. featuring patented TruLoc™ granule retention technology to help retain granules during harsh 2003 – June 30: With industry-leading weather. Featuring a UL 2218 Class 4 rating, 130 TruColor® Protection Technology, Owens mph wind warranty and algae-resistant granules, Corning elected to back its HomeSide® WeatherGuard® HP shingles are available in Collection of vinyl siding with the best coastal regions and other appropriate markets. warranty in the industry, including unsurpassed fade protection coverage. The 2003 – May 28: Owens Corning completed the company’s limited lifetime warranty on the sale of its residential aluminum building products collection covers a color change of Delta E 4 business to Sun ALSCO LLC, an affiliate of Sun for the term of the warranty. Most standard Capital Partners Inc. Owens Corning also signed siding warranties provide coverage for a color a supply agreement with Sun ALSCO to distribute change of Delta E 7. aluminum building products through the Owens Corning Norandex/Reynolds distribution centers. 2003 – July 15: Owens Corning took a stand for safety with a town hall meeting and 2003 – June 9: An audit by the Bureau Veritas teleconference focusing entirely on that Quality International (BVQI) in France subject. “There is nothing more important than recommended the L’Ardoise plant for certification delivering on our promise of safety,” said Mike

45 Thaman, chief financial officer, as he opened the Assurance Ltd. (LRQA). The recommendation meeting in Toledo. CEO Dave Brown participated makes Jackson one of the few Owens from Amarillo, Texas where he reported on the Corning facilities to receive this distinction for plant’s dramatic improvement in safety an integrated management system including performance. “This is a time for us to choose,” environmental, quality and health and safety said Brown. “We need to take a stand around processes. safety. The days of incremental improvements are gone. We have one objective: zero injuries.” 2003 – October: Current and retired employees of the Waxahachie, Texas plant 2003 – July 28: The Owens Corning Basement came together over a two-day period to mark Finishing System (BFS), a division of the plant’s 40 years in operation. HOMExperts™, announced it now has more than 50 franchises in the U.S. Invented in 1997, BFS 2003 – October 27: The Composite Solutions introduced a franchise network in 2000 with dozen Business presented three innovative marine franchises. To date, there are 54 franchises and products at an industry trade show – OC® more than 3,000 basement finishing systems FlowTex™ fabrics, a line of fabrics that allow have been installed nationwide. closed-mold parts to be processed up to 40 percent faster; OC® ME 3021 multi-end 2003 – July 30: Owens Corning and Saint-Gobain continuous roving; and OC® VL 8860 print announced plans in July to build their previously blocking surfacing veil. Owens Corning said announced joint manufacturing venture in the company is putting significant focus on Xicohtencatl, Tlaxcala, Mexico, adjacent to a developing the depth and quality of its offering Saint-Gobain Vetrotex America facility. to the marine market. Construction began in August. 2003 – November: The Owens Corning World 2003 – September 4: Owens Corning celebrated Headquarters building in Toledo, Ohio was the opening of a $30 million manufacturing one of three office buildings in the U.S. expansion at the Veil Technologies facility in highlighted for innovative architecture in the Apeldoorn, the Netherlands. The expansion is November issue of Architectural Record designed to support the company’s global growth Review. in the specialty non-woven reinforcements market and double the plant’s capacity for making glass 2003 – November 17: Owens Corning and fiber non-woven mat. NEPTCO Inc. announced an agreement to combine both companies’ glass-based rigid 2003 – September 18: Owens Corning strength element and flexible reinforcement announced the establishment of Owens Corning businesses. The products are used to (Shanghai) International Trading Co. Ltd. The manufacture copper and fiber optic subsidiary, which will import, export and distribute telecommunications and data transmission building materials, is the company’s seventh in cables. Owens Corning also said it will cease China. Owens Corning began operating a glass production at Duncan, S.C. in second quarter fiber insulation plant in Guangzhou in 1995, of 2004. followed by a plant in Shanghai in 1997. Owens Corning (China) Investment Co. Ltd. was 2003 – December: Owens Corning re- established in 1996 to manage the company’s dedicated the Springfield, Tenn. fiberglass investments in the country. In 1999, Owens manufacturing plant. The facility, which Corning opened the country’s first extruded fabricates acoustical and thermal insulation polystyrene foam board manufacturing facility in products for customers such as General Nanjing and formed its first wholly foreign-owned Motors/Saturn and Electrolux, was severely enterprise in Anshan, Liaoning Province, to damaged by a tornado May 5, 2003. produce glass fiber insulation in Northeast China. A vinyl siding production line was added at 2003 – December: The Commercial and Anshan in 2002. Industrial Insulating Systems Business introduced an improved product for the 2003 – September: The Jackson, Tenn., plant external insulation of heating, air conditioning was recommended for certification in ISO and dual-temperature ducts. Named SoftR™ 9001:2000, ISO 14001:1996 and OHSAS All Service Duct Wrap, the product was 18001:1999, by Lloyds Register Quality

46 developed in response to customer requests to wind energy market. At the time of the improve standard duct wrap. announcement, India had the fifth largest installed windmill capacity. 2003 – December 16: The company announced plans to increase capacity for light density and 2004 – February 23: Owens Corning loose fill fiber glass insulation. In 2004, Owens announced a $30 million upgrade of its Corning said it would upgrade and restart a Jackson, Tenn., facility to significantly mothballed light density production line at Kansas increase glass fiber capacity. The expansion City. In 2005, the company will increase capacity of the plant, which manufactures glass for at Fairburn, Ga. through the installation of its residential and commercial roofing products RHOAD™ technology. For loose fill insulation, and also specialty glass applications, was already completed upgrades in Newark, Ohio, scheduled to be completed by August 2004. Salt Lake City, Utah, and Santa Clara, Calif. will The expansion also reflects the company’s be joined by expansions in Toronto, Ontario in commitment to the environment and energy February, 2004. efficiency. Working with the Department of Energy and a nearly $1 million DOE Grant, an 2004 – January 29: In a meeting with employees Owens Corning-led team is developing oxy- at the facility in Nappanee, Ind., the Fabricating fuel fired technology for other parts of the Solutions Business reported plans to rename the glass making process – which to date has division Owens Corning Fabwel. The new name is been used only in melting. When complete, expected to leverage the collective strengths of the new technology will use less natural gas the Owens Corning and Fabwel brands. The and have lower C02 and NOx emissions. business has been the leading supplier of exterior products to the RV market for more than 32 2004 – February 23: The company announced years. plans to close the Aeromat operation at Newark, Ohio, by May, 2004. The 15 2004 – February 4: Owens Corning said it will employees who work in that area of the plant divest its Vytec vinyl siding operation, a division of were to be absorbed into other parts of the the company’s Siding Solutions Business. The facility. The Aeromat area produced duct liner unit produces several lines of vinyl siding and insulation using recycled fibers from other accessories under the Vytec brand. Owens wool operations at Newark. After the closing, Corning said it remains committed to the vinyl Newark provided only an equivalent rotary siding business and it will retain its Owens product – H2V – made on the C4 line. Corning Homeside and Norandex Reynolds lines of siding and accessories. 2004 – February 23: To meet the growing demand for higher-end roofing products, 2004 – February 17: At the World of Concrete Owens Corning introduced the Woodcrest™ Show, Owens Corning introduced the Weep and Woodmoor™ Collections, roofing Guard™ Extruded Polystyrene Insulation System shingles that combine the stylishly rugged – the first system to reduce labor costs by appearance of wood shake with unmatched combining rigid foam insulation with a mortar ease of installation for contractors. control device. Specially designed for use as the Significantly reducing application time, the bottom course in a masonry cavity wall, the Weep features of the Woodmoor and Woodcrest Guard system offers a long list of features and Collection include the SureNail ™ extra wide benefits including a special J-shaped drainage nailing area; the ability to be installed either mat that catches mortar droppings but allows the left or right and still get the same visual water to pass through the mat and out weep effect; and WoodStart™ starter strip – a one holes. piece, laminated starter shingle that provides two layers of protection. 2004 – February 19: The company said it will add glass fiber knitting capability at the Taloja, India, 2004 – March: The Exterior Systems Business plant operated by Owens Corning India Limited, a found another way to add value to the joint venture between Owens Corning and Cultured Stone® brand – it introduced a Mahindra & Mahindra, India. The investment adds Select Installer Program. Based on the fabric knitting to the plant’s existing glass roving infrastructure of the company’s Preferred operations to supply growing market demand in Contractor Program, the Select Installer India and surrounding regions, especially for the Program adds brand value for contractors and

47 consumers. The new program is for masons and designers, workmen and neighbors race installers who apply Cultured Stone brand against time to completely renovate a home or manufactured stone veneer. apartment in seven days. Owens Corning contributed both Oakridge Pro 30 shingles 2004 – March 22: Owens Corning Automotive and PINK fiberglass insulation to a home (UK) Ltd., acquired the automotive assets of UK- project in San Bernadino, Calif. The based Lancaster Fibre Technology Ltd. Lancaster company’s Room Finishing System – a Fibre Technology has traditionally supplied product being tested by a Basement Finishing automotive solutions to the UK auto industry System franchisee – will be featured in the based on Owens Corning Silentex® automotive remodeling of a New York City apartment. noise control technology – Advantex® direct Owens Corning products and services have rovings, silencer filling packs and Silentex™ filling also been featured during the year on Bob machines. Vila’s HOME AGAIN™, The Oprah Winfrey Show and the Home & Garden Television 2004 – March 30: At the JEC Composites Show in (HGTV) network. Paris, Owens Corning introduced two new products – OC® Continuous Filament Mat (CFM) 2004 – May: For the 50th consecutive year, 8635, a new glass-fiber, non-woven product for Owens Corning was included in the use in infusion molding in the marine industry, and FORTUNE magazine ranking of the 500 OC SE 1200 Type 30 single-end roving for largest U.S. companies based on revenues. knitting and weaving in the wind energy and The FORTUNE 500 also lists the company as marine markets. Manufactured with number one in the Building Materials, glass Owens Corning Advantex® glass, CFM 8635is the category. The company’s ranking for 2003 only CFM tailored for the infusion process. It was 350. Since the lising began in 1955, provides customers up to 25 percent faster 1,877 companies have appeared on it. Of that infusion versus other CFM products, and an all- total, 71 including Owens Corning have made glass system for molders concerned about using the list every year it has been published. organic materials in below-waterline applications. OC SE 1200 Type 30 roving sets new standards 2004 – May: Owens Corning reported leasing in dynamic fatigue properties when used in space at the Granville, Ohio, Science & polyester resins systems. Technology Center to Varo Engineers, Ltd., a multi-disciplined engineering firm based in 2004 – April: Owens Corning announced the central Ohio. An engineering supplier to relocation of the Asia Pacific Building Materials Owens Corning, Varo said it will move about headquarters from Hong Kong to Shanghai, 30 engineers and designers to the facility. China, and the opening of a fifth representative office, in Wuhan, Hebei Province. Sales offices 2004 – May 10: Owens Corning again led all are also located in Shanghai, Guangzhou, Beijing manufacturers in the number of projects and Nanjing. The move of the Asia Pacific honored in the Vinyl Siding Institute’s annual headquarters places the business in the heart of Awards of Distinction program. Projects using the largest commercial base in the region. Owens Corning siding received nine of the 36 awards given by the Institute in 2004. Three 2004 – April 2: Owens Corning acquired the awards were for Vytec projects and six for outstanding shares of Vitro Fibras, a Mexican- Norandex/Reynolds projects. based joint venture with Vitro S.A. de C.V, for $71.5 million. Owens Corning previously held a 40 2004 – June 24: Spurred by strong demand percent ownership position in the venture, which for rigid extruded polystyrene foam insulation, was formed in 1957. The operation manufactures Owens Corning announced plans to build a a wide range of light-density fiber glass products new 50,000-square-foot manufacturing plant as well as molded pipe, board and composite in Gresham, Ore. Scheduled to begin reinforcements. It has manufacturing operations operation in 2005, the facility will supply the in Mexico City and three OEM fabrication facilities Foamular® and Celfortec® brands to in Mexicali, Monterrey and San Luis Potosi. customers throughout the western United States and western Canada. 2004 – May: Owens Corning products were used on remodeling projects for ABC’s Extreme 2004 – July: Owens Corning completed Makeover: Home Edition. In the series a team of construction of two new fiberglass pipe

48 insulation lines at OC Mexico in Mexico City. The expansion, to be complete in early 2005, will expansion, which doubles the plant’s pipe be the second at the facility in the past year. capacity, is part of a series of investments to fill a The project will implement new furnace void in the North American pipe insulation technology which will improve efficiency, marketplace caused in part by a fire that reduce costs and limit disruption to the plant’s destroyed a competitor’s facility. current production during construction and start up. Other recent capacity upgrades 2004 – July: The company announced plans for included Kansas City, Fairburn, Newark, Salt new shingle and insulation plants in China. The Lake City and Santa Clara. new shingle plant in east China, scheduled to open at the end of the year, is the first Owens 2004 – September: Startup of a new fabrics Corning shingle plant in China and the first operation to support the Wind Energy market Chinese facility to manufacture international in India was celebrated at the Taloja, India, standard glass fiber asphalt shingle products. plant of Owens Corning India Ltd., a joint Already China’s largest manufacturer of glass venture between Owens Corning and fiber wool insulation products, Owens Corning Mahindra & Mahindra. The celebration was also began building a new fiberglass insulation carried out in the traditional Indian style with a facility in Tianjin, China. The new facility will be coconut breaking ceremony to symbolize the company’s fourth glass fiber insulation and selfless service and breaking of the ego. fifth building materials plant in China. Further west, Owens Corning signed a three-year lease 2004 – September: Owens Corning agreement with Hubei Poly Glass Fibre Co. Ltd. operations in Europe and Asia took a big step near Wuhan, Hubei Province. toward making Six Sigma a way of life by launching a training program aimed at 2004 – July: Owens Corning’s PROPINK reaching nearly 90 percent of the workforce in Complete™ Blown-in Wall System and those regions. The Six Sigma process allows QuietZone™ SOLSERENE™ Fabric Ceiling the company to look at everything it does – System were named as two of the winning from product development, invoicing, and products in Building Products magazine’s 2004 shipping to manufacturing – and uncover MVP Awards contest, which honors innovative ways to eliminate defects, reduce direct costs new products in the marketplace. and achieve capital efficient growth.

2004 – July 22: The great minds driving Owens 2004 – September 28: Owens Corning said it Corning innovations were honored at a Science & is initiating the process to build a 150-million- Technology Innovation Celebration in Granville, pound-per-year light density fiberglass Ohio. Thirty-eight individuals received Slayter insulation plant for the Southeastern United Awards, which honor the best-of-the-best in States. Production could begin as early as the technical achievement yielding high business third quarter of 2006 due to recent advances impact. Three individuals received Marzocchi in the company’s proprietary RHOAD™ Awards, which recognize specific patent manufacturing platform, which will allow the milestones that contribute to Owens Corning’s facility to be constructed nearly 15 percent intellectual property. faster than previously possible.

2004 – August 5: Owens Corning said it will 2004 – October: Employees at Candiac, upgrade its Summit, Ill., facility to produce Quebec celebrated the fifth anniversary of the laminated shingles in addition to standard three- plant’s reopening and fifth consecutive year tab roofing products. With the investment, the with the best efficiencies and cost per pound Summit plant joins the company’s fast-growing within the Insulating Systems Business for nationwide network of laminated shingle light density products. Built in 1964 near manufacturing facilities to meet demand for Montreal, Candiac supplies residential laminates, which represent nearly 60 percent of fiberglass insulation to Quebec, the Maritimes the residential roofing market. and part of Ontario. In 1998, Candiac closed its doors due to market and cost 2004 – August 24: Owens Corning announced considerations. Employees, union leaders and plans to expand fiberglass light density and loose government officials later succeeded in fill insulation capacity by another 20 percent in developing a plan to make the plant Toronto, Canada. The multimillion dollar

49 competitive by the industry’s best standards and it home improvement and remodeling programs reopened in 1999. including The Oprah Winfrey Show; Inside Edition; HGTV’s Curb Appeal; and CNNfn’s 2004 – October 25: The Composite Solutions Open House. Business introduced OC® FlowRo™ woven- roving-based fabrics for closed molding, which 2004 – November: The Composite Solutions infuse 10 times faster than current options and at Business plant in Rio Claro was named a significantly lower price than competing among the 100 Best Companies to Work products. OC FlowRo fabrics are 100 percent For® in Brazil for the third consecutive year. fiberglass, combining woven roving and The list is published annually in Exame, a continuous filament mat in a patent-pending business magazine in Brazil. construction. 2004 – November 9: The Composite Solutions 2004 – October 28: Owens Corning said it plans Business added a production line in Rio Claro, to invest $50 million in the Amarillo, Texas Brazil to meet demand for OC Molding Mat composites facility for process automation, reinforcement, which, when used in computer/control upgrades, a furnace rebuild and conjunction with closed-cavity bag molding other changes to accommodate new products that (CCBM), is up to three times faster than hand will be made at the plant. Robotic technology will or spray lay-up. OC Molding Mat combines a be used to automate the fiberglass reinforcement non-woven core with two stitch-bonded outer manufacturing process, which will significantly layers of binder-free chopped fiberglass. improve safety, ergonomics and quality control, Owens Corning has an exclusive license with and also provide a 30 percent increase in Arctek Inc., to market and sell CCBM capacity. Installation of the first robot prototype is technology in South America. scheduled for April 2005. 2004 – November 30: Owens Corning Fabwel 2004 – October 28: Owens Corning said it will introduced an exterior panel for recreational invest $31 million to expand capacity for Cultured vehicles that is exceptionally durable and 20 Stone® brand stone veneer 70 percent by the end percent lighter than traditional materials. The of 2005. The initiatives include a $16 million all-composite CTEC™ panel reduces total expansion at the Chester, S.C. facility, which will vehicle weight, thereby increasing cargo double the plant’s capacity and be in production capacity and allowing designers to by the fourth quarter of 2005. Another $15 million differentiate vehicles by incorporating more in equipment upgrades are planned for all three features and amenities. The patent-pending Cultured Stone facilities – in Napa, Calif., all-composite CTEC panel is comprised of Navarre, Ohio and Chester. layers of Owens Corning fiberglass reinforcements and polyester resins. 2004 – October 28: The reinforcements plant in L’Ardoise, France, held a celebration in honor of 2004 – December 6: Owens Corning the facility’s recovery from a devastating flood that announced construction of a $5.9 million plant closed the plant and left thousands homeless only in Chung Nam Province, South Korea to 10 months before. The L’Ardoise plant had been produce glass fiber asphalt roofing shingles. evacuated and closed on Dec. 3, 2003. It took Scheduled to begin operation in the fourth until the end of January before the first furnace quarter of 2005, the new plant will be the could be lit again. The second furnace and one of second Owens Corning shingle plant to be its two glass delivery channels was started May built outside the U.S. (the first is in China), 17. Burners in the second channel were lit Sept. and the first facility in South Korea to 6, and the plant was operating at full capacity in manufacture international standard glass fiber October. asphalt shingles. The company began selling roofing shingles in South Korea in 1995. 2004 – November: Fans of the ABC television network’s Extreme Makeover: Home Edition saw 2004 – December 7: To help mattress a lot of Owens Corning people and products manufacturers comply with California’s open- during the year. The company was a regular flame-resistance standard TB603 without participant on the show which each week making manufacturing changes, Owens remodels or rebuilds a family’s home to meet their Corning introduced the first one-step needs. Owens Corning also participates in other composite solution, Owens Corning Fire

50 Resistant (FR) Filler Cloth. Comprised of fire- America. RheTech will market the product resistant and self-extinguishing fibers, FR Filler under the RHEMAX trade name. RheTech Cloth is bonded directly to standard non-FR filler said it will begin production of the product in cloth, which then looks, feels and installs like the third quarter of 2005 at a facility in traditional materials applied to the bottom of no- Michigan using PerforMax® roving developed flip mattresses. Together, the materials are specifically by Owens Corning for LFTP inherently fire-resistant without chemical compounding. treatment, shielding foam and other “comfort materials” within the mattress and foundation. 2005 – February 9: Owens Corning introduced 2005 – January: Owens Corning joined the a newly formatted QuietR™ Acoustic Duct Alliance for Sustainable Built Environments, a Liner with enhanced acoustical performance consortium of companies embracing that provides superior abuse resistance while sustainability. The goals of the Alliance include meeting all national and state building code educating the building industry, reducing the thermal requirements. The newest addition to impact that built environments have on the natural the company's already extensive line of air environment and demonstrating green thinking as handling products, QuietR Acoustic Duct Liner a successful business strategy. The Alliance is also inhibits the penetration of dirt, dust and also involved in furthering the U.S. Green Building other pollutants found in HVAC systems. Council’s LEED (Leadership in Energy and Environmental Design) green building rating 2005 – March: Owens Corning fiber glass system. insulation products have been certified to contain an average of 35 percent recycled 2005 – January 13: Norandex/Reynolds content by leading third-party certifier showcased its new Cedar Reflections® line of Scientific Certification Systems. The increase vinyl siding at the 2005 International Builders’ of five percent makes the company’s Show. The new line captures the natural look and certification level the highest in North visual read of cedar but delivers performance and America. cost benefits not found with natural materials. Cedar Reflections siding has color fast properties 2005 – March: Owens Corning expanded its made possible through the use of exclusive global technical reach with a new Science and ColorHold® technology developed by Norandex/ Technology Center in Shanghai, China. The Reynolds. Center will focus on developing new applications and solutions to support the 2005 – January 13: Also at the Builders’ Show, company's core and growth businesses in Owens Corning introduced three new products residential and commercial construction, that joined the company’s comprehensive energy, automotive/transportation, electronics, insulating accessory line in February: marine and infrastructure markets. WeatherProtectR™ Waterproofing System, the only fully integrated below-grade moisture 2005 – March: A multimillion dollar expansion resistance system designed for use with was launched at the glass fiber reinforcement polystyrene foam applications; WEATHEResist™ mat plant in Aiken, S.C. Expected to begin Door and Window Flashing Tape, the only pliable, production in the second quarter of 2006, the asphalt-based stick tape that can be installed new line will include technology that allows without a primer at temperatures as low as 20 Owens Corning and Georgia-Pacific to degrees Fahrenheit; and PINKCap™ Attic Stair transform the gypsum wall board industry Insulator, a polystyrene foam product that reduces from paper to glass fiber veil. Coated glass air leaks through attic stairwells. veil provides moisture and mold resistance, improved product stability and superior fire 2005 – February 9: Owens Corning and RheTech, resistance compared to wood or foam Inc., announced a licensing agreement under sheathing. which RheTech will manufacture and sell a proprietary Owens Corning-developed long-fiber 2005 – April: Owens Corning expanded its glass/polyolefin thermoplastic (LFTP) in North global technical reach with a Development

51 Support Laboratory in Rio Claro, Brazil. The September 2004 that it was conducting a facility is equipped to mirror customer procedures study to build a plant. The project is and processes such as hand lay-up, spray up and contingent on final approval by the Board and resin transfer molding. A collaborative all environmental and construction permits. arrangement with a local university augments the The facility could begin production in the third lab's testing capabilities and processing quarter of 2006 if market demand continues to techniques. be strong. Designed to produce Flexible Duct Media (FDM), the plant will also have the 2005 – April 4-6: For the first time ever, Owens capability to make other light density Corning exhibited at the International Construction insulation products. and Interiors Exhibition in Moscow, Russia. Known as MosBuild, the show is one of the most 2005 – July 21: Owens Corning Construction important for the Russian building and Services (OCCS) announced the acquisition construction industry. The company was there to of HomeReady, a company that provides introduce the Owens Corning brand, meet with flooring installation services in Southern existing and potential customers and explore California, the Bay area and Las Vegas. The opportunities in the Russian building and acquisition allows OCCS to expand its construction markets. business in key regions as well as in services that complement its existing business. 2005 – April 5: Owens Corning introduced a low- seed single-end Type 30® roving for electrical 2005 – July 26: A monsoon dumped a record applications such medium and high-voltage 37 inches of rain in a 24-hour period in the transmission and distribution insulators. Known as Mumbai region of India resulting in serious SE 8400 LS, the new roving combines the anti- flooding at the company’s Taloja facility. The corrosion, electrical and mechanical benefits of flooding resulted in power outages that boron-free Advantex® E glass manufactured caused the eventual shutdown of the plant’s using state-of-the-art melting technology. furnace used to make glass fiber Minimizing microscopic bubble voids or "seeds" in reinforcements. the glass prevents the formation of hollow filaments that can cause failures. 2005 – August 1: The company announced the start of a $25 million expansion of its 2005 – May 19: Groundbreaking for the Aiken, S.C. plant to support the recent launch company’s Korean shingle plant took place in the of a composite application that is transforming Inju Industrial Complex in Asan City, 80 the building materials industry. Scheduled to kilometers south of Seoul. Scheduled to start start in the second quarter of 2006, the plant’s production in the fourth quarter of 2005, the third production line will make a new glass facility will make more than 10 million square mat facing for G-P Gypsum's next generation meters of roofing shingles annually in a wide of DensArmor™ Plus, a paperless interior variety of styles including three-tab, six-sided and wallboard product that offers moisture and premium laminate. mold resistance.

2005 – May: The Commercial Interiors Business 2005 – August 4: OC™ Automotive unveiled Unit of OEM Fabricating Solutions exited the AcoustiMax™ substrate, a light-weight glass- office furniture market. The UTOPIA® and Valu mat composite material for vehicle interiors Line groups of office furniture were sold to that is 45 percent stronger and 20 percent Spectrum Industries. The products were part of quieter than competing systems. Fabricated in the April 2000 acquisition of Conwed Louisville, Ky., AcoustiMax substrate provides Designscape, the volume leader in acoustic improved structural and acoustical properties panels in North America. in headliners, trunk liners, door modules, seat backs and package trays. 2005 – May 23: Cordele, Ga., was named as the location for a new Owens Corning fiber glass 2005 – August 15: Owens Corning celebrated insulation facility. The company announced in 25 years with the Pink Panther, a United Artist

52 cartoon character. Used to promote sales of the company’s PINK products, the Pink Panther has 2005 – November 14: Owens Corning agreed done a wonderful job. By the end of his first to sell the assets of Owens Corning decade on the job the company found consumer Manufacturing Solutions (OCMS) in Anderson, preference for its PINK insulation products was S.C., to a German company named Dietze & more than five times stronger than the closest Schell. The OCMS business produces competition. precision equipment and parts used in the glass fiber reinforcement manufacturing 2005 – August 18: The Tian Jin, China, plant process. OCMS was known as Foundry and completed a successful start-up of a new Steel prior to acquisition by Owens Corning in extruded foam line. Located about 120 kilometers 2000. from Beijing, the Tian Jin plant serves the northern China market and is the second plant 2005 – November 16: The Original Equipment making extruded foam board in China. The first Manufacturers Solutions Group (OEM) foam line, also the first extruded foam line in announced it will discontinue operations at China, was installed in the Nanjing plant. plants in Johnson City, Tenn., and Dallas, Texas. 2005 – September 19: Owens Corning received the Distinguished Supplier Award for 2005 from 2005 – December 1: Owens Corning Fabwel MFG, a transportation and wind energy company said it will open a new Science and based in Ashtabula, Ohio. MFG has been an Technology center in Elkhart, Ind., that will Owens Corning customer since 1948 and was the allow the company to bring recreational company’s design and application partner for the vehicle (RV) industry component solutions first Corvette. MFG continues to supply parts for and expertise to the doorstep of major RV the high performance sports car. manufacturers. OC Fabwel has been a leading producer of RV components for more 2005 – September 29: Owens Corning Fabwel, a than 30 years. business that fabricates fiberglass, aluminum and steel products for the recreational vehicle (RV) 2005 – December 8: Owens Corning said it and cargo trailer industries, announced the agreed to acquire the composites business of acquisition of Wolverine Fabricating Inc., a Asahi Fiber Glass in Japan. The acquisition producer of side walls and other products for the includes a glass manufacturing facility in RV industry. Located in Riverside, Calif., Ibaraki, near Tokyo, and a range of high- Wolverine makes exterior side walls, fold-down performance glass fiber reinforcement ramp doors, motor home basement doors and full products to support customers in Asia. The interior walls. acquisition is expected to be completed in the second quarter of 2006. 2005 – September 29: Owens Corning introduced SE 2350, a revolutionary Type 30® roving 2005 – December 15: OC Korea's Kimchon reinforcement for high-pressure pipe applications. Plant received the 2005 Energy Saving Grand Ideal for epoxy-based pipe applications that Prize from its provincial government. The distribute oil, chemicals and other corrosive plant was selected as the outstanding energy materials, SE 2350 offers a 17 percent saving business because it implemented a improvement in burst strength over competing power demand and management tool to products. reduce energy consumption, and because of its energy saving education efforts. 2005 – November 3: Lowe's named Owens Corning its 2005 Supplier of the Year in the 2005 – December 19: Norandex/Reynolds, building materials category. Lowe's is a $38 billion the distribution arm of the Owens Corning company with more than 4,000 active suppliers, Siding Solutions Business, was recognized as including 300 building materials suppliers the 2005 Dealer of the Year by Window and competing against Owens Corning for the award Door Magazine. The award honors a single in one of 18 categories being recognized. supplier involved in sales, marketing and

53 installation of windows and doors. 2006 – March: To expand its presence and Norandex/Reynolds won in the Leadership in the meet market demand in China, Owens Professional Market category. Corning opened a facility in Beijing to produce Cultured Stone® manufactured stone veneer, 2006 – January 4: To meet increasing customer branded as Langeo Stone™. Langeo is a demand for more energy-efficient homes, Owens short form of Michelangelo, the great Italian Corning announced a multi-million dollar capacity sculptor and painter who inspired the expansion to produce an additional 60 million company’s stone products in China. pounds per year of unbonded fiberglass loosefill insulation. Owens Corning said it will convert its 2006 – March 23: Owens Corning announced idled facility in Mount Vernon, Ohio, to produce it was the first insulation manufacturer to the product. The facility is expected to be qualify for a new GREENGUARD Product operating by the third quarter of 2006. Emission Standard for Children and Schools. The GREENGUARD Environmental Institute 2006 – February 9: The National Inventors Hall of developed the school certification in response Fame in Akron, Ohio announced that three to rising concern over asthma and other Owens Corning innovators – Dale Kleist, Dr. respiratory conditions that are sometimes Russell Games Slayter and John T. "Jack" associated with poor indoor air quality. Thomas – would be inducted posthumously into the Hall of Fame on May 5. Collectively, the trio 2006 – March 27: The company’s Fabwel invented the process for making glass fiber business opened a 16,000-square-foot insulation in commercial quantities. Their innovation center in Elkhart, Ind. The facility innovations also led to the formation of Owens was created to support product development Corning in 1938. and new business opportunities for recreational vehicle manufacturers. For more 2006 – February 22: Owens Corning reported than 30 years, Fabwel has been a leading annual sales exceeding $6 billion in 2005, the first manufacturer of RV components and side time the company had surpassed that milestone. walls, and a fabricator of fiberglass, aluminum and steel materials for the marine and 2006 – February 23: Owens Corning announced it transportation businesses worldwide. had added a second glass fiber knitting line at the Taloja plant of Owens Corning India Ltd., a joint 2006 – March 28: Owens Corning announced venture with Mahindra & Mahindra of India. The the addition of a new glass fiber knitting line at new capital investment, coming only two years a facility north of São Paulo in Brazil. after the installation of the first fabrics weaving line at Taloja, was intended to increase the 2006 – April 6: Owens Corning introduced production of multi-axial fabrics to support that new technology for its Oakridge PRO® Series country’s growing wind energy market. Shingle that offered faster installation, higher wind performance and a better appearance 2006 – February 28: Owens Corning announced a immediately after installation. SureNail® breakthrough single-end roving and knitted fabric Technology included a wider nailing area with trademarked WindStrand™, which was expected a clearly defined nailing zone, the highest to allow wind turbine manufacturers to increase wind resistance ratings of any entry-level blade lengths by as much as 6 percent and laminated shingle (110 mph for Oakridge PRO deliver up to 12 percent more power – for up to 20 30 shingles, and 130 mph for Oakridge PRO percent less cost than any competing solution 40 and Pro 50), and instant, flat installation. then on the market. The high performance product, which was scheduled to be commercially 2006 – April 20: In celebration of Earth Day, available in late 2006, would be the first Owens Corning honored longtime energy- application of a new HiPer-tex™ reinforcement efficiency ambassador the Pink Panther with platform, which resulted from a revolution in glass the new title of CEO - Chief Energy Officer - melting, fiberizing and sizing technology. and his very own energy blog. Available at saveenergy.owenscorningblog.com, the

54 Weblog addresses hot button energy issues and Corning to emerge from bankruptcy in 2006. provides information on energy-saving tips and products – all while having a little fun. 2006 – May 30: The Aiken, S.C., plant dedicated a new coating line that used new 2006 – May: Integration celebrations held in technology to make glass fiber mat that Tokyo and Ibaraki, Japan marked the completion replaced the paper facings traditionally used of the company’s acquisition of the composites in gypsum wallboard. Aiken’s third, the line business of Asahi Fiber Glass Co., Ltd. produced the facing for G-P Gypsum's next Announced in December 2005, the deal officially generation of DensArmor® panels. The closed on May 1, 2006. The acquisition included a panels featured a glass mat facing that factory in Ibaraki, about one hour from the heart finished like paper-faced wallboard, resulting of Tokyo. The acquisition expanded the in the first completely paperless interior company’s portfolio with several new products for wallboard that offered moisture and mold composite applications in Asia. Key patents, resistance. product formulas and innovative technologies were also part of the acquisition. 2006 – June 21: The Retail Sales Finance unit of GE Consumer Finance announced a multi- 2006 – May: Owens Corning World Headquarters year agreement with Owens Corning to in Toledo, Ohio earned the Environmental provide roofing contractors with the most Protection Agency's Energy Star certification. This comprehensive and flexible financing means the building was in the top 25 percent of programs available for their homeowner energy efficient buildings in the US. Between customers as part of the Owens Corning 1998 and 2006, the company reduced energy use Preferred Contractor Program. in Toledo by 25 percent and has saved more than $1.7 million in electricity costs. 2006 – June 29: Owens Corning and Bulk Molding Compound Inc. of West Chicago, Ill., 2006 – May: The company’s reinforcement plant launched a joint venture named FastTrak in Taloja, India passed a significant milestone by Application Development Corporation. Initially re-lighting its glass melting furnace. The plant focused on the North American market, the shut down nearly one year before when a joint venture was designed to help speed the monsoon dropped more than 37 inches of rain in development of thermoset composite bulk 24 hours, causing catastrophic flooding and molding compounds (BMC) as a material of forcing an abrupt shutdown of the furnace. All 320 choice over steel, wood and aluminum. The plant employees were evacuated safely. The joint venture was based in Addison, Ill., near furnace developed cracks in the crown (ceiling) BMCi's headquarters and BMCi was and superstructure because of the uncontrolled responsible for day-to-day operations. cooling. The utility, batch and wastewater treatment facilities were also badly damaged. 2006 – July: The major credit-rating agencies – Standard & Poor's (S&P) and Moody's – 2006 – May: Owens Corning Latin America ranked the credit of Owens Corning at headquarters moved from Mexico City to emergence from Chapter 11 as "investment Monterrey. The move placed the office in the grade." This was good news as the company heart of the decision-making center for customers prepared to issue debt under its Plan of and other key players in the building materials Reorganization. In their descriptions of factors and composites industries. that influenced the ratings, S&P and Moody's noted the company’s healthy cash flow, low 2006 – May 10: Owens Corning announced it had debt (planned at emergence), strong brand reached an agreement in principle with the name and product profile. representatives of each of its key creditor groups on the terms of a Chapter 11 plan of 2006 – July 17: The Franchising business reorganization. This represented a significant introduced SunSuites™ Home Additions, the milestone in the company's Chapter 11 first all-fiberglass sunroom installation system. proceedings and paved the way for Owens Fiberglass frames offered many benefits over

55 other materials including increased durability, through a wall treated with the company's stability and thermal performance. In addition, highest level noise control solution, QuietZone SunSuites additions used Energy Star rated, Quiet Retreats™. double-insulated fiberglass windows which provided year-round comfort and up to 40 percent 2006 – September: Owens Corning was savings in energy costs. The windows and doors ranked as one of the 100 most innovative were also low maintenance and resisted companies in the field of business technology corrosion, warping, rotting and cracking. The by InformationWeek in their annual sunrooms were initially introduced by Basement InformationWeek 500 report. For the previous Finishing System™ franchises in seven markets. 18 years, InformationWeek had identified and honored the nation's most innovative users of 2006 – July 25: Owens Corning signed an information technology with its annual listing. agreement to acquire the Modulo/ParMur Group, Owens Corning made the list more than 10 a market-leading manufacturer and distributor of times but at 68th this was the first time the decorative wall claddings in Europe. The company had been in the top 100. acquisition furthered the global growth of the Cultured Stone business in the European market. 2006 – September 16: Dr. Warren W. Wolf, Based in Bray-sur-Seine, France, the retired Owens Corning Vice President and Modulo/ParMur Group designed, made and Chief Scientist Emeritus, received the glass marketed manufactured stone veneer wall and industry's prestigious Phoenix Award. Dr. floor products under the Modulo and ParMur Wolf, who retired from Owens Corning in brands. The Group had nearly 150 employees 2001 after 33 years of service, was the 36th and operated manufacturing sites in Bray-sur- Phoenix Award winner and the third individual Seine and Forbach, France, and Turda, Romania. from Owens Corning to receive the honor. The others from Owens Corning were Dr. Fay 2006 – July 27: Owens Corning and Saint-Gobain V. Tooley, Director of Research and jointly announced discussions to merge the Development in the early 1940s before Owens Corning Reinforcements Business and the returning to the University of Illinois as Saint-Gobain Reinforcement and Composites Professor of Glass Technology, the first Businesses – known as Vetrotex – into a new winner of the award; and William W. company to be called Owens Corning-Vetrotex Boeschenstein, Chairman and Chief Reinforcements. The partnership would establish Executive Officer when he received the honor a global reinforcement and composite fabric in 1985. The presentation to Dr. Wolf noted company with worldwide revenues of his leadership regarding the health aspects of approximately $1.8 billion (euro 1.5 billion) and fiberglass. 10,000 employees. While the companies had not yet reached a definitive agreement, it was 2006 – October: The Delmar, N.Y., insulation anticipated the transaction would be structured as plant celebrated its 30th anniversary with an a joint venture with Owens Corning owning a 60 open house. percent equity interest and Saint-Gobain owning the remaining 40 percent. After a minimum of four 2006 – October 18: The Composite Solutions years, Saint-Gobain would have an option to sell Business introduced game-changing its 40 percent stake to Owens Corning. reinforcement formulations and technology for thermoplastics. New products included 2006 – August: Owens Corning launched a cross- MicroMax™ strand that enabled electronics country tour to educate consumers about ways to designers to continue miniaturization with control unwanted noise in the home and help composite materials, PerforMax® strand promote the company’s QuietZone® residential products for a variety of special-purpose noise control building products. The Quiet Down applications, and SE 4121 single-end roving America Tour visited leading home shows for long fiber thermoplastics (LFTP) and throughout the country. Tour attendees heard a direct-long fiber thermoplastics (D-LFTP). live comparison of common household appliance noise through an untreated wall and again 2006 – October 19: The Roofing and Asphalt

56 Business said it discontinued manufacturing bondholders and asbestos creditors each operations at two locations due to a weakening naming two appointees. building materials market and decreased demand for some products. The business discontinued 2006 – November 1: Owens Corning stock operations at the Jessup, Md., roofing and asphalt began trading on the New York Stock plants and ceased oxidation operations at the Exchange under the ticker symbol "OC." Detroit, Mich., asphalt facility. 2006 – November 13: To celebrate the 2006 – October 23: Owens Corning attended its company's official return to the New York last U.S. Bankruptcy Court hearing. There were Stock Exchange, Chief Executive Officer no new issues raised at the hearing. Dave Brown, Chief Financial Officer Mike Thaman, General Counsel Steve Krull and the 2006 – October 25: Owens Corning was selected Pink Panther rang the opening bell at the New as one of 24 recipients of the U.S. Environmental York Stock Exchange. Protection Agency (EPA) 2006 SmartWay Excellence Award and was given the distinction of 2006 – November 16: Owens Corning "Shipper of the Year." The awards recognized employees held a global Town Hall meeting to accomplishments and leadership in the EPA's celebrate the company’s emergence from SmartWay Transport Partnership, a program Chapter 11. Employees each received designed to reduce greenhouse gases and air certificates for 100 shares of the company’s pollution by developing fuel-saving and energy- new stock. efficient practices in the freight industry. 2006 – December 18: Owens Corning 2006 – October 31: After six years and 26 days announced it would exit the HOMExperts® with countless meetings, negotiating sessions, business and concentrate its growth in court hearings and judicial rulings, Owens construction services on franchising. The Corning emerged from Chapter 11 and began a HOMExperts business primarily provided pre- new life out from under the cloud of asbestos. The and post-close service solutions for home exit from bankruptcy took place 68 years to the buyers. Services included preparing a home day after the company's founding in 1938. for closing, delivering move-in and concierge services, and providing home maintenance Emergence came 30 days after District Court services. Judge John Fullam approved the company’s sixth amended joint plan of reorganization, a 2006 – December 18: The National Business consensual plan supported by all of the Aviation Association honored the company company’s major creditors. with a 60-year safety award for outstanding achievement in maintaining safe flying Under the terms of the court-approved Plan of operations. Owens Corning started its Aviation Reorganization, a separate and independent Department in 1946. 524(g) Trust was established and funded to compensate those who were harmed by the 2007 – January 8: A project exploring the use company’s products containing asbestos. Owens of high-performance roving and nano-based Corning financed payments to creditors using a foam in wind, ballistic and transportation combination of cash on hand, new equity and applications won an $8 million, three-year debt. The company incurred about $1.8 billion of award from the Ohio Department of new debt financing. About 131.4 million shares of Development. The company's share of the new stock were issued. grant is $2.8 million.

The size and composition of Owens Corning 2007 – January 15: Owens Corning made its Board of Directors changed as a result of the final contribution of cash and stock to the agreement with creditors. The company had the 524(g) trust that was set up to compensate right to appoint 12 directors and another four were asbestos claimants as part of the company’s to be appointed by the company’s creditors with Plan of Reorganization. The transfer of 28

57 million shares of stock and $1.4 billion in cash reinforcements business and the Saint- was the last payment that Owens Corning will Gobain reinforcements and composites ever be required to make for its historic asbestos business (known as Vetrotex) into a new liability. company that will be named OCV Reinforcements. 2007 – January 24: The world headquarters of Owens Corning joined just 36 other buildings in 2007 – March 8: Owens Corning was again the United States to earn the prestigious Silver named to FORTUNE magazine's Most Certification under the U.S. Green Building Admired Companies list. Owens Corning Council's Leadership in Energy & Environmental maintained its ranking of fourth within the Design (LEED) Existing Building program. LEED Building Materials/Glass segment, slightly certification of an existing building is a significant closing the gap within its peer group. This is achievement because it is generally easier to the fifth year the company has made the list. design environmental features into new construction. The building previously earned an 2007 – April 3: WindStrand™ fabric, a high- Energy Star rating, ranking it among the top performance reinforcement for wind turbine 25 percent of energy-efficient buildings in the U.S. blades developed by Owens Corning in cooperation with SAERTEX, won a JEC 2007 – January 31: Faced with declining sales Innovation Award, one of the composite and rising costs that outpaced productivity gains, industry's most prestigious awards for the Original Equipment Manufacturer (OEM) technical achievement. WindStrand Products Group closed its plant in Brantford, reinforcements are expected to enable a new Ontario, Canada. generation of wind turbine blades that produce up to 12 percent more energy. The 2007 – February 7: Owens Corning introduced blades can be longer for about the same Duration™ Series shingles with SureNail® weight as blades made with traditional E-glass Technology. Due to a liberal nailing area, reinforcements. contractors reported improved productivity and greater accuracy. Duration Series shingles also 2007 – April 18: President and Chief deliver greater wind protection – resisting up to Executive Officer Dave Brown said he plans to category three hurricane-force winds. retire in 2007. Upon his retirement, Brown will be succeeded by Mike Thaman, who currently 2007 – February 7: Owens Corning launched a serves as chairman of the Board and chief mission to protect builders and homeowners from financial officer. A search for Thaman's a noisy, energy-sucking monster dwelling in successor as CFO is underway. In his new America's basements – uninsulated, unsealed role, Thaman will retain the title and sheet metal ductwork. In a national "Monster responsibilities of chairman of the Board. Campaign," Owens Corning began telling the market on how fiberglass ducts – which are 75 2007 – April 24: Solidifying one of the most percent more energy efficient than uninsulated, successful and long-standing corporate brand unsealed sheet metal ducts – help keep homes initiatives in entertainment licensing history, quieter and reduce utility bills. MGM Consumer Products announced the renewal and extension of its Pink Panther 2007 – February 19: The market development character license agreement with Owens team in Mexico opened a new line of Silentex® Corning. The global licensing deal will extend noise control system bagging to supply the for an additional 15-year term and is exclusive region's automotive market. The equipment is at to the categories of building materials; home the Mexico City plant which manufactures glass and commercial building construction; fiber reinforcements for Latin America. improvement and repair product and service; fiberglass and industrial materials; and 2007 – February 20: Owens Corning and Saint- thermal and acoustical commercial industrial Gobain announced they had signed a joint- materials. venture agreement to merge the Owens Corning

58 2007 – April 26: Harold Boeschenstein, Owens solutions throughout the South Asian Corning chairman and chief executive officer from Association for Regional Cooperation 1938 to 1967, was inducted into the U.S. countries (SAARC) and the states of the Gulf Business Hall of Fame. Cooperation Council (GCC).

2007 – June 28: Owens Corning introduced a 2007 – August 27: The Cultured Stone Commercial Energy Calculator for metal building business announced that it has changed its owners, the company’s third energy calculator, name to Owens Corning Masonry Products. the others being for residential construction and Under the new name, the business will avoid ducts. The calculators help builders and owners any perceived conflict between its various reduce energy costs, decrease payback times brands and the business unit name. In and understand tax deduction qualifications under addition, the name will encompass new the U.S. Energy Policy Act of 2005. business and product ideas that could facilitate continued growth of the company. 2007 – July 17: To address regulatory concerns associated with the proposed formation of a joint 2007 – August 31: The company announced venture between Saint-Gobain's reinforcement the sale of the Siding Solutions Business to and composites business and the company’s Saint-Gobain for $371 million. The sale reinforcements business, Owens Corning said it includes the company's Norandex/Reynolds will divest its facilities in Battice, Belgium; distribution business with 153 U.S. distribution Birkeland, Norway; and Huntingdon, Pa. The centers in 38 states. Also included were vinyl companies also announced they are in active siding manufacturing facilities in Claremont, discussions regarding the potential conversion of N.C.; Joplin, Mo.; and London, Ontario. the proposed joint venture into an outright acquisition by Owens Corning. 2007 – August 31: Owens Corning closed its facility in Riverside, Calif., that was part of the 2007 – July 23: Owens Corning opened a Fabwel business producing laminated fiber- masonry products showroom in Paris, France. reinforced plastic panels and doors for The showroom displays Owens Corning Cultured recreational vehicles. Stone® manufactured stone veneer products, as well as the Modulo® and ParMur™ brands of 2007 – September: Duncan Palmer joined the interior and exterior decorative wall claddings. company as Chief Financial Officer (CFO). He succeeded CFO Mike Thaman, who is also 2007 – July 27: Owens Corning signed a definitive Chairman of the Board and will become Chief agreement to acquire Saint-Gobain's Executive Officer (CEO) upon current CEO Reinforcement and Composites business. The Dave Brown's retirement later in the year. acquired business includes 20 plants, including 12 glass fiber reinforcement plants, six fabrics plants 2007 – September 7: Owens Corning agreed and two plants that produce both reinforcements to sell its continuous filament mat business in and fabrics. In 2006, the business had sales of Huntingdon, Pa., as well as related marble approximately $900 million, with about 4,500 production assets in Anderson, S.C., to AGY, employees. a leading global producer of fiberglass yarns and high-strength fiberglass reinforcements. 2007 – August: Building Materials Asia Pacific received its first large order for FOAMULAR® 2007 – September 17: Owens Corning Metric extruded foam insulation from RMZ Corp., announced the sale of its Fabwel unit in two a leading developer in South India that is transactions. Its composite panel business expanding aggressively across the country. was sold to Crane Composites and included a manufacturing facility in Goshen, Ind., and a 2007 – August 23: Owens Corning formed a new-business development center in Elkhart, collaborative agreement with Anutone Acoustics, Ind. The metals fabrication, fiberglass- India's foremost acoustics technology company, reinforced plastic lamination and Midwest to promote jointly-branded, architectural acoustic recreational vehicle door business was sold to

59 Euramax International Inc., including facilities in Products announced plans to close its Nappanee and Bourbon, Ind. Cultured Stone® manufactured stone veneer plant in Navarre, Ohio. 2007 – September 25: Owens Corning won a contract to provide 5,000 cubic meters of 2007 – November 15: Owens Corning FOAMULAR® XPS foam insulation for the main introduced the industry's first paper-free all stadium for the 2008 Summer Olympics in Beijing, service jacket for fiberglass pipe insulation China. Both the opening and closing ceremonies with the launch of Evolution™ Paper-Free will be held in National Stadium, also known as ASJ. The innovative product dramatically the “Bird's Nest.” improves mold prevention in commercial structures by eliminating paper, which can be 2007 – September 28: Owens Corning a food source for mold and mildew. announced a $45 million capital investment to improve Factory D at the composites plant in 2007 – November 29: The Non-Woven Anderson, S.C. Factory D produces dry-use Technologies business signed two chopped strand (DUCS) and the project will agreements with Vitrulan Textilglas GmbH, a expand the facility so it can increase DUCS leading supplier of glass-based wall covering production. The plant will invest in new materials in Europe. One agreement calls for equipment, including a furnace structure, oxygen- a long-term supply of special mineral-coated firing system, improved computer control glass tissue for use as wall covering; the other equipment, and upgraded safety and oven is a joint development agreement for a new equipment. product based on glass veil.

2007 – October 10: manufacturing facilities in 2007 – December: The Owens Corning Linnton, Ore., and Brookville, Ind., were Roofing and Asphalt Business sold its asphalt recognized as national leaders in worksite safety processing facilities in Moorhead City, N.C. by being accepted into the U.S. Department of and Ennis, Texas. Labor's Occupational Safety & Health Administration's Voluntary Protection Program 2007 – December 6: Mike Thaman became (VPP). While there are millions of work sites in the the company’s seventh chief executive officer U. S., fewer than 1,800 have been accepted into as he assumed the primary executive VPP. The Linnton plant is the only asphalt responsibility for the company succeeding manufacturing facility in the U. S. to achieve VPP Dave Brown who retired as a director and Star status and only the 16th in Oregon. officer of Owens Corning. Thaman holds the titles of chairman of the Board, president and 2007 – October 15: Owens Corning launched a CEO. fall promotional campaign for insulation that urged home owners to look in their attics. Chances are 2008 – January: At the end of 2007, the they need more insulation. The ads explain how Owens Corning recordable incidence rate most homes need at least 15½ inches of (RIR) stood at 1.37 – which was below the insulation. “If you can see the wooden beams or company’s target of 1.4. The rate was a 26- joists in your attic, you need more insulation.” An percent decrease from the 2006 RIR of 1.86. estimated 60 million homes in the U. S. are In addition, the 2007 year-end Safety under-insulated. Assessment for Effectiveness (SAFE) score was 64, surpassing the target of 54.The 2007 – October 31: Owens Corning completed company’s baseline SAFE score taken at the the acquisition of Saint-Gobain's Reinforcements beginning of 2007 was 39. and Composite Fabrics businesses. The expanded Owens Corning Composite Solutions 2008 – January: Owens Corning received Business now has 42 production facilities in 16 honors at the 2008 China Building Energy countries. Efficiency Annual Forum, jointly sponsored by two divisions of the China Ministry of 2007 – November 7: Owens Corning Masonry Construction. In addition, Owens Corning was

60 named to the China Building Energy Conservation Information Annual List. 2008 – April 30: U.S. builders voted and Owens Corning is their preferred brand. 2008 – January 23: Owens Corning became a Builders said they use Owens Corning PINK Climate Leaders Partner with the U.S. Fiberglas™ insulation and Cultured Stone® Environmental Protection Agency (EPA), joining veneers more than competitive products. U.S. other companies committed to reducing builders also voted Owens Corning roofing greenhouse gas emissions. products the most recognizable brand in the market. Results are from the 2008 brand 2008 – January 29: Lumbermen’s named Owens study from the publishers of Builder Corning its 2007 Vendor of the Year for building magazine. products. 2008 – May 1: Implementing required 2008 – February 6: The non-woven technologies European regulatory remedies, Owens business became part of the OCV business family Corning completed the sale of two composite by changing its name to OCV™ Non-Woven manufacturing plants in Battice, Belgium, and Technologies. The business shares the same Birkeland, Norway. branding as OCV™ Reinforcements and OCV™ Technical Fabrics. 2008 – May 13: Owens Corning became a sponsor of LBM Journal’s Certified Green 2008 – February 13: Owens Corning Masonry Dealer program and renewed its sponsorship Products introduced ProStone™ manufactured with Masco Home Services’ Environments for stone veneer, a quality stone veneer option for Living Certified Green program. use when affordability is a key consideration. 2008 – May 15: Owens Corning was named a 2008 – February 14: Owens Corning announced partner in the U.S. Environmental Protection plans to discontinue operations at OCV™ Agency's Green Power Partnership, a Technical Fabrics facilities in New Braunfels, voluntary program that encourages Texas, and Ridgeway, S.C. Many products will be organizations to buy green power as a way to transferred to the Technical Fabrics facilities in reduce the environmental impact of Brunswick, Maine, and Wichita Falls, Texas. purchased electricity. To qualify, Owens Corning purchased 25,000 MWh of renewable 2008 – March 28: Owens Corning reported the energy credits that are 100 percent wind development of new foam blowing agent generated to offset the electricity consumption technology that will result in a more than a of the company’s foam insulation plant in 70 percent reduction in greenhouse gas Gresham, Ore. emissions and zero ozone depletion. 2008 – June 4: Owens Corning announced 2008 – April 21: Owens Corning said it will further receipt a grant from Mexico's National invest in the composite materials industry by Counsel of Science and Technology to expanding glass fiber reinforcement production continue to innovate new ways to insulate capacity by about 40 percent at its Amarillo, concrete housing structures. The grant was Texas, facility in 2008. The expansion will one of 15 awarded in a program to help increase the company’s ability to meet market Mexico remain competitive through demand in North America for Advantex® single- innovation. end roving products. 2008 – June 10: Owens Corning introduced 2008 – April 23: Owens Corning made the new accessories within its roofing system. FORTUNE 500 list for the 54th consecutive year Roofing Essentials™ accessories include: in 2008. The annual list ranks companies based • RapidFlow™ gutter drainage protection on revenue. In its May 5, 2008, edition, • WeatherLock® Flex underlayment FORTUNE magazine lists Owens Corning at 431, • Fiberglas™ reinforced felt underlayment compared with 355 in 2007. • A reengineered WeatherLock® G

61 granulated self-sealing ice and water barrier 2008 – July 15: The Mexico City, Mexico, 2008 – June 25: Owens Corning Masonry OCV™ Reinforcements plant produced its first Products, LLC introduced Del Mare pallet of ShieldStrand™ direct roving made Ledgestone™, Ancient Villa Ledgestone™ and with high-performance glass. The product was Aged Tumbled™ textures to the Cultured Stone® ready only 11 days after the plant installed its product line, expanding the brand's offering to first bushing for the new glass. The Mexico more than 25 distinct textures. City plant converted from Advantex® glass to high-performance glass. 2008 – June 25: The GREENGUARD Environmental Institute announced that Owens 2008 – July 29: Owens Corning announced Corning Masonry Products is the first plans to more than double production capacity manufactured stone veneer maker to qualify for at its glass fiber composites facility in Gous- its GREENGUARD Indoor Air Quality Certified® Khrustalny, Russia. Owens Corning acquired and the even more stringent GREENGUARD the facility as part of its 2007 acquisition of Children & SchoolsSM product emission standards. Saint-Gobain's composites businesses. The certifications are for the entire line of Cultured Stone® and ProStone™ veneer products. 2008 – August 4: Chairman and CEO Mike Thaman announced that Karel Czanderna will 2008 – June 26: Owens Corning announced that join Owens Corning as the company’s new it has begun to systematically measure and group president of building materials. reduce greenhouse gas emissions from its vehicle Czanderna will be responsible for the building fleet. The company said it joined the PHH materials group, which includes the GreenFleet program developed by PHH Arval and company’s insulation, roofing and asphalt, Environmental Defense Fund in an effort to masonry products and construction services reduce fuel consumption and operating costs, businesses. improve efficiency and reduce emissions from vehicle fleets used by its North American sales 2008 – August 6: Owens Corning Masonry force. Products (OCMP) business announced the acquisition of Derwent Stone, a manufactured 2008 – June 30: Owens Corning released its 2007 stone veneer (MSV) company located near Sustainability Report highlighting the company's Newcastle, England. The transaction gives commitment to operating its business with three OCMP manufacturing capacity in the United balanced outcomes of economic growth, Kingdom and a distribution agreement in environmental stewardship and social progress. Ireland and the United Kingdom with Fernhill Stone, the largest distributor of MSV in 2008 – July 7: Owens Corning said it entered into Ireland. an agreement with Sun Edison LLC to provide solar-generated energy through the installation 2008 – September 11: Owens Corning and operation of a 206 kilowatt solar photovoltaic launched a full set of business solutions to (PV) system on the roof of its Gresham, Ore. help its building materials customers enter an facility. The facility's solar PV system is scheduled emerging and growing market category – re- to be installed and operating by the fourth quarter insulation. The solutions are designed to of 2008. enable channel partners to expand into re- insulation and/or accelerate their current re- 2008 – July 8: Owens Corning said the company insulation businesses. The solutions include has made significant progress throughout its products, marketing and sales tools, and the history in dramatically improving the energy and Owens Corning AttiCat® Expanding Blown-In material efficiency of the production of glass fiber PINK Fiberglas™ Insulation product and products. Today, Owens Corning uses only portable machine. 9 percent of the energy needed 50 years ago to melt glass for its insulation and glass 2008 – October 9: Leveraging the attention- reinforcement products. getting power of its spokes-cat The Pink

62 Panther™, Owens Corning focused national 2008 – December 15: Owens Corning attention on the amount of energy used to heat partnered with T. Boone Pickens by endorsing and cool buildings. According to the U.S. the Pickens Plan to advance energy Department of Energy, 40 percent of U.S. energy independence and energy efficiency in homes is used by buildings, yet most Americans believe and buildings. The Pickens Plan calls for transportation and industry are the largest reducing United States dependence on offenders. foreign oil through investment in domestic renewable resources, such as wind and solar, 2008 – October 14: Owens Corning announced and the use of natural gas as a transportation that it will reduce its total U.S. greenhouse gas fuel. For the first time, the Plan now also calls emissions by 25 percent per unit of production for increased energy efficiency in homes and from 2006 to 2012. The company has committed buildings. to this new goal as part of the U.S. Environmental Protection Agency (EPA) Climate Leaders 2008 – December 18: The company voluntary program. announced the formation of a strategic alliance to help communities reduce energy 2008 – October 21: Molded Fiber Glass use by up to 50 percent and CO2 emissions Companies (MFG) named Owens Corning its by up to 80 percent versus standard Supplier of the Year. developments. The Alliance, which is focused on developments, campuses and entire 2008 – October 31: Owens Corning celebrated its communities, includes Owens Corning, MVV 70th anniversary. Official paperwork establishing decon GmbH, an international consulting the company was signed on Oct. 31, 1938. subsidiary of Mannheim, Germany-based MVV Energiedienstleistungen GmbH, and 2008 – November 18: The company announced it Garforth International LLC, a Toledo and has increased the certified recycled content in its Brussels, Belgium-based provider of energy PINK Fiberglas™ insulation to a minimum of 40 productivity solutions. percent. At this level of recycled content, the amount of waste glass diverted from landfills 2009 – January 22: Owens Corning could form a two-lane glass highway that extends introduced a line of new cool roof shingles 1.3 times around the world, based on the quantity that help reduce roof temperatures, lower of Fiberglas insulation produced in 2007. The energy bills and reduce wear and tear on air certification, supplied by third-party certifier conditioners. The shingles are part of the Scientific Certification Systems, reflects a Duration® series with SureNail® technology. 5 percent increase over its prior level and maintains the product line’s status as the 2009 – February 9: Lumbermen’s gave fiberglass insulation with the highest level of Owens Corning its 2008 Innovation Leader certified recycled content in North America. Award for the company’s AttiCat® blown-in insulation system. 2008 – November 25: Owens Corning announced that it was named Vendor of the Year by 84 2009 – March 5: Owens Corning introduced Lumber, one of the nation's leading suppliers of TruLo® Max Lo Odor, Low-Fuming asphalt, building materials to professional builders. This is the first-ever asphalt product for built-up the fifth time Owens Corning has been named roofing systems to combine fume suppression Vendor of the Year by 84 Lumber. at the kettle with low odor on the roof. TruLo Max asphalt traps 90 percent of the fumes at 2008 – December 2: The company announced the kettle and reduces 55 percent more odor- that it was named both the 2008 Overall Supplier causing compounds on application. of the Year and Building Products Supplier of the Year by Lowe's. Owens Corning was selected 2009 – March 24: Owens Corning announced Overall Supplier of the Year for the first time and the development of AdVeil™ non-woven glass for the Building Products category a third time. veil incorporating a technology with benefits for the cushion vinyl flooring industry. AdVeil

63 glass veil is pre-filled with a proprietary inorganic technology to Fiber Glass Industries, Inc., formulation that reduces plastisol use up to 30 Amsterdam, N.Y. percent compared to conventional glass veil. 2009 – July 7: Owens Corning said the 2009 – March 24: A window lineal application company is supporting its wind blade combining Twintex® co-mingled glass fiber and fabrication customers in Asia by expanding polymer reinforcements with polyvinylchloride capacity to produce technical fabrics at its (PVC) that eliminated steel inserts and improved manufacturing facilities in Chanzhou and energy efficiency, received one of the industry's Doudian, China and Taloja, India. The highest awards at JEC Composites in Paris, the investment adds about one-third more knitting world's largest exhibition for composite materials. capacity to the three plants' existing fabrics operations. The expansion was expected to 2009 – April 20: Owens Corning made the be completed during the third quarter. Fortune 500 list for the 55th consecutive year in 2009. The annual list ranks companies based on 2009 – July 15: Owens Corning said it had revenue. Fortune magazine listed Owens Corning started manufacturing zero ozone-depleting at 422, compared with 431 in 2008. FOAMULAR® Extruded Polystyrene (XPS) rigid foam insulation. The new blowing agent 2009 – May 6: Owens Corning became the first technology developed by Owens Corning insulation and masonry veneer manufacturer to meets the requirements of the Montreal have products approved under the National Protocol that calls for the phase-out of Association of Home Builders (NAHB) Research hydrochlorofluorocarbon (HCFC) 142b by Center Green Approved Products seal of 2010. The company's new plant in Gresham, approval. The mark documents that a building Ore., is the first facility in the Western U.S. to product contributes to specific green practices for meet requirements of the protocol. The National Green Building Certification. company also said it converted its Rockford, Ill., insulation plant to the new blowing agent. 2009 – May 7: Two employee teams won the Board of Directors’ Cup for projects that best 2009 – July 30: Owens Corning held a media exhibit the company’s purpose of Delivering launch for EnergyComplete™ with Flexible Solutions, Transforming Markets and Enhancing Seal Technology, a whole home insulation Lives. The Uninterrupted Type 30® Supply Team and air sealing system. Installed in two parts, for OCV™ Reinforcements in India was awarded the EnergyComplete system uses a new the cup earlier in the year, and the second award foam-based sealant to reduce air leakage, went to the Project Prince Team for its work at addressing a major source of energy loss, and redesigning shingles. proven PINK FIBERGLAS™ insulation to deliver exceptional thermal performance. The 2009 – May 13: Owens Corning said its fiberglass system was introduced to customers and the and foam insulating products were used in industry two months earlier after of 18 months constructing four buildings for the 2010 World of product and field developments. Expo in Shanghai, China. 2009 – October 5: Owens Corning told high- 2009 – May 28: Owens Corning announced the performance reinforcement customers it installation of North America's largest SolarWall® is back in the S-glass business with system of 2008 at the company's Toronto-area breakthrough technology that allows large- insulation manufacturing facility. The use of scale availability. The company said melting SolarWall technology demonstrates the and fiberizing innovations enable production company's commitment to sustainability and of quantities that can help transform S-glass renewable energy, and a strong sense of reinforcements from a niche market to broad- environmental stewardship. scale use. The new product is available for two key end-use markets – ShieldStrand® S 2009 – June 23: Owens Corning announced that for ballistics and XStrand® S for industrial it had licensed its Twintex® reinforcement use. Owens Corning developed S-glass in the

64 early 1960s for filament-wound rocket motor approximately 203 industrial facilities in the casings. The trademark, technology and U.S. that have been awarded LEED equipment for making the original S-glass fibers certification. LEED is a green building were spun off with the company’s glass fiber certification program recognizing superior yarns business in 1998. achievement in design, construction and operation. 2009 – October 5: Owens Corning said it expanded its relationship with The Home Depot®, 2009 – October 30: The 100 shares of Owens the world's largest home improvement retailer, Corning stock that eligible employees through a new strategic insulation partnership. received in celebration of the company’s Starting in January 2010, Owens Corning PINK emergence from Chapter 11 in 2006 – the Fiberglas™ insulation will be sold in more than Bright Future stock award – vested, giving 2,200 of The Home Depot's stores across North employees control over their shares. The America. value (trading price) of the shares at the close of trading on the vest date was $22.11. Award 2009 – October 6: Owens Corning introduced shares were sold on behalf of most Innovision™ fiberglass windows developed to participants in Brazil, China, Korea and meet the demands of extreme environments. Mexico. Others could sell or keep their shares Innovision windows feature the first fully bonded as a part of their investments. frame and sash made without mechanical fasteners. A high-impact structural mull adhesive 2009 – November 3: The Owens Corning is injected into the frame and sash corners to Roofing business announced a program that create a permanent, air- and water-tight joint for will simplify recycling asphalt shingles for its long term stability and reliable performance. Preferred Roofing Contractors. The company is the first roofing manufacturer to connect 2009 – October 15: Owens Corning and Ripple contractors with convenient recycling facilities Glass, LLC, announced a strategic alliance to through a national strategic alliance. Based on help reduce the amount of glass sent to landfills in a pilot conducted in Indiana, Owens Corning the Kansas City area. In what is believed to be said it will roll out the program nationally, America’s first self-contained metropolitan starting in the Midwest. In addition to keeping recycling system, residents will be able to drop off shingle waste out of landfills, contractors who jars and bottles at one of 60 locations around the recycle shingle tear-offs benefit by promoting city. Ripple will collect, sort and crush the glass, the sustainable practice to homeowners. then ship it to the local Owens Corning plant to be melted and spun into fiberglass insulation. 2009 – November 9: Owens Corning and solar services provider SunEdison announced 2009 – October 21: Owens Corning ranked 56th the activation of a 440 kilowatt (kW) in Newsweek magazine's first-ever "Green photovoltaic (PV) solar system at the Owens Rankings," which examine and rate America's 500 Corning facility in Kearny, N.J. Under a long- largest publicly traded companies on term solar power services agreement (SPSA), environmental footprint, policies and practices. Owens Corning will use a PV solar system at Owens Corning scored 80.66 out of a possible Kearny that is financed, constructed and 100 and ranked fourth in the General Industrials maintained by SunEdison. The system will sector. produce more than 522,000 kilowatt hours (kWh) of solar energy in the first year of 2009 – October 22: The Gresham, Ore. plant operation alone. Over 20 years, the system received Leadership in Energy and Environmental will produce more than 9.5 million kWh, Design (LEED®) Gold certification for new enough energy to power 893 average U.S. construction from the U.S. Green Building Council homes for a year, according to SunEdison (USGBC). The plant, which manufactures projections. FOAMULAR® extruded polystyrene foam insulation, is the only LEED Gold-certified 2009 – November 11: Owens Corning insulation facility in the U.S. and one of announced significant advancements in the

65 use of recycled content. Owens Corning Summer Harvest and Pacific Wave to Merlot. Fiberglas® insulation products have the highest certified recycled content for fiberglass insulation 2010 – February: The Hajj Terminal at in North America. With an additional 10 percent King Abdul Aziz International Airport, in recycled content, Owens Corning residential and Jeddah, Saudia Arabia, received the commercial insulation products in North America American Institute of Architects’ Twenty-Five now are made with at least half recycled glass Year Award for designs that stand the test of content (minimum 50 percent). In addition to time for a quarter-century. Designed by keeping glass out of landfills, using recycled Skidmore, Owings & Merrill, the facility content also helps reduce the company's energy includes 210 fiberglass-fabric tent structures use and CO2 emissions as melting recycled glass that cover 2.8 million square feet and serve requires significantly less energy. Additionally, the millions of pilgrims journeying to the holy city company's Cultured Stone® and ProStone® of Mecca. Owens Corning produced the glass brands are the first manufactured stone veneer fibers and installed the fabric in 1985. products to receive third-party validation for recycled content. UL Environment Inc., a 2010 – February 2: Owens Corning introduced subsidiary of Underwriters Laboratories, provided the OptiLiner™ banded liner system designed the third-party testing and validation for a to provide advanced energy efficiency for minimum 35 percent recycled content. metal buildings. Combining thermal insulation with a banded liner that seals roof and wall 2009 – December 9: Owens Corning announced cavities, the new OptiLiner™ system creates a the addition of glass fiber knitting equipment at its vapor retarder with condensation control that facility in Rio Claro, northwest of Sao Paulo in improves the functionality and energy Brazil, doubling its capacity for making fiberglass performance of the building envelope. technical fabrics. The addition is the third expansion of capacity since the plant was 2010 – February 10: Owens Corning established three years ago. A portion of the new introduced OptiFlow™ wet-use chopped capacity began production in September; the strand reinforcements that help improve balance was installed by year end. Demand for productivity in higher-flow-rate gypsum fiberglass fabrics is growing in Brazil, driven by processes. OptiFlow™ fibers are designed to wind blade fabricators based in the region. reduce feeding flow variation up to 50 percent compared with earlier product generations. 2009 – December 15: Chairman and CEO Mike They help reduce clumps and assist in Thaman met with U.S. President Barack Obama improving production rates with new and four members of the labor and business technology that helps manage fiber forming, communities in a roundtable discussion to talk moisture and fuzz. about job creation and energy efficiency. The meeting was held at The Home Depot store in 2010 – February 10: Owens Corning Alexandria, Va. In a statement after the meeting, announced that its glass fiber veils for carpet, President Obama called on Congress to establish ceilings and flooring are the first in the glass incentives for Americans to make energy non-woven industry to be GREENGUARD efficiency investments in their homes, helping the Indoor Air Quality Certified®. The products U.S. turn the corner on energy efficiency while were also certified for the more stringent putting people to work. GREENGUARD Children & SchoolsSM product emissions standard. The qualifications joined 2010 – January 19: Owens Corning launched the certifications of a wide variety of Owens Duration® Series Shingles Designer Colors Corning products and showcased the Collection, a line of roofing shingles featuring company's continued commitment to vibrant color combinations that help home and sustainable industry leadership. building owners make a colorful statement. The Designer Colors Collection offers seven colors 2010 – March 3: Owens Corning announced modeled after those found in life and are meant to its support of U.S. President Obama's evoke feelings that match their names – from $6 billion HOMESTAR program that promotes

66 the creation of tens of thousands of U.S. jobs and in the past two years, most often used and encourages consumers to make energy-saving quality. For the past 16 years, builders have home improvements, including sealing and selected Fiberglas™ insulation as the insulating. insulation they prefer and use most. For the eleventh year in a row, builders chose 2010 – March 15: Owens Corning ranked 94th in Cultured Stone® as the manufactured stone Corporate Responsibility magazine's 11th annual veneer most recognized and most used, and list of "100 Best Corporate Citizens," which is use it more often than the next two brands known as the world's top corporate responsibility combined. Owens Corning ridge vent products ranking based on public information. Owens swept first place in all four areas of evaluation Corning achieved the top 100 from among 1,000 for the last four years. of the world's largest companies. 2010 – April 20: Owens Corning introduced 2010 – April 14: Owens Corning reported a study Versetta Stone™ panelized stone veneer, a that showed how the company's boron-free non-structural, masonry wall cladding that Advantex® E-CR glass fiber outperforms installs with the ease of a siding product. The standard E-glass reinforcements in stressed fastening system enables quick installation laminates in a corrosive environment. The study with a nail gun or screws, eliminating the need combined corrosion and stress testing and for mortar. examined the composite laminates using SEM (Scanning Electron Microscopy) and EDX (Energy 2010 – May 18: Owens Corning launched Dispersive X-ray) spectroscopy. Advantex® glass FliteStrand® S reinforcements, an addition to fibers demonstrated superior corrosion resistance its high-performance glass family. The launch compared to E-glass in composite structures also marked the company’s return to the exposed to a solution of 10 percent sulfuric acid. aerospace market. Owens Corning divested the S-2 glass business 12 years earlier but 2010 – April 14: Owens Corning said it is returned in October 2009 with new direct-melt establishing an excellence center for technical technology and S-glass products targeted for fabrics in Zele, Belgium. The facility will have both defense and industrial market applications. pilot- and full-scale state-of-the-art production equipment for developing, testing and evaluating 2010 – June 2: Applied NanoStructured new fabric technologies before production and Solutions LLC, a wholly-owned subsidiary of use by customers. In addition to equipment for Lockheed Martin Corporation signed a joint weaving, stitching and assembling multi-axial development agreement with Owens Corning fabrics, the center will have a laboratory for to support the commercialization of carbon- testing new fabric technologies in infusion molding enhanced reinforcements. The companies and other closed-mold processes. plan to combine the carbon infusion technology of ANS with Owens Corning 2010 – April 14: Owens Corning launched a reinforcement expertise to create a family of global competition to find new applications for next-generation composite materials. The composite materials. The Composite App companies expect the carbon-enhanced Challenge offered $250,000 in development reinforcements to provide mechanical grants and cash to draw entrants in four properties with customizable electrical and categories to help resolve some of society's thermal conductivity. pressing issues – Infrastructure Durability, Fuel Efficiency, Renewable Energy and Protection 2010 – June: America’s largest distributor of from Harm. building products, BlueLinx, gave Owens Corning its Partnership of the Year Award for 2010 – April 16: In the 2010 Hanley-Wood Brand its loyalty and its work to create a strong link Use Study, U.S. builders again ranked Owens between the two companies. Corning number one in insulation, manufactured stone, and roofing ridge vent systems across all 2010 – June: The largest independent four areas of evaluation – most recognized, used insulation contracting organization in the U.S.,

67 Insulate America, voted Owens Corning its 2010 – October 13: Due to weakness in Supplier of the Year for 2009. demand, Owens Corning curtailed production at insulation plants in Eloy, Ariz., and Salt 2010 – July: Owens Corning broke ground to Lake City, Utah. The Salt Lake City plant expand its reinforcement plant in Gous- curtailment was immediate and affected 20 Khroustalny, Russia. Doubling production capacity employees. Eloy employed 43 and shut down will help meet the region’s growing demand for Dec. 1. Salt Lake City made loosefill insulation glass fiber composites. while Eloy made batt insulation.

2010 – July: The second largest privately held for- 2010 – October 27: Owens Corning said profit, U.S. homebuilder, David Weekley Homes, continued strong cash generation allowed the gave Owens Corning an "A" rating for quality and company to repurchase 3.7 million shares of its "Partners of Choice Award." stock in the third quarter of 2010.

2010 – September: Owens Corning received a 2010 – December 20: Owens Corning 100 percent score on the 2011 Corporate Equality announced definitive plans to sell its North Index (CEI). The Human Rights Campaign American masonry products business to Boral Foundation's ninth annual CEI shows 338 Industries. The divestiture takes place in two businesses achieved the top rating of 100 percent stages: Owens Corning will sell a 50 percent this year. Owens Corning has earned the highest stake the business to Boral, who will assume mark every year since 2004. The average rating operational control on Jan. 1, 2011. The for Fortune 500 companies is 85 percent. business will be operated jointly until 2014, at which time Owens Corning will sell its 2010 – September 9: Owens Corning was added remaining 50 percent. All employees in Napa, to the Dow Jones Sustainability World Index for its Calif.; Chester, S.C.; and Toledo, Granville sustainability initiatives. Inclusion means the and Wooster, Ohio, who were employed by company ranks in the top 10 percent of the the masonry products business, became Boral biggest 2,500 companies worldwide based on employees at the beginning of 2011. long-term economic, environmental and social criteria. 2011 – January 12: Owens Corning launched its EcoTouch™ PINK™ FIBERGLAS™ 2010 – September 13: Owens Corning Insulation platform with PureFiber™ announced a decision to divest its fiberglass Technology. The platform’s features include: reinforcement plant in Capivari, Brazil. The o Natural materials and a formaldehyde-free company determined that divestiture will facilitate formulation long term planning given the uncertainty of o GREENGUARD Children & Schools SM negotiations with the Brazilian competition certification and verified to be formaldehyde authority. The plant was part of the 2007 free, meeting stringent standards for indoor air acquisition of the Saint-Gobain reinforcements quality o and composite fabrics businesses. A minimum of 30 percent post-consumer recycled content and 50 percent total 2010 – October: The largest home improvement recycled content – the highest certified retailer in the North America, the Home Depot, percentage in the fiberglass insulation named Owens Corning its Supplier of the Year for industry building materials, the company’s highest supplier honor. Other green building certifications include the Environmental Protection Agency's ENERGY ® 2010 – October: Newsweek magazine named STAR , the National Association of Home Owens Corning one of the greenest companies in Builders' National Green Building Standard America. The company placed 57th among the and the U.S. Green Building Council's Leadership in Energy and Environmental 500 largest publicly traded companies in America ® in the magazine’s 2010 Green Ranking. Design (LEED ).

2011 – February 16: Owens Corning said its

68 recordable injury rate improved 23 percent in innovation by launching several new products: 2010, marking the ninth consecutive year of o Non-woven glass fiber veil improving safety improvement. During that period the performance of flooded lead-acid company reduced injuries more than 90 percent. batteries in stop-start engines o SE1550, a single-end Type 30® roving 2011 – February 23: Owens Corning said it for fabrics and pre-pregs that is reached a definitive agreement to sell its glass compatible with all major thermoset fiber reinforcement plant in Capivari, Brazil, to resin systems and weaving processes Chongqing Polycomp International Corporation. o HiLight™ multi-end roving for The transaction was expected to close in the translucent panel applications second quarter of 2011. o XStrand® H high-performance reinforcement for long-span pultrusion 2011 – March: For the second consecutive year, o HydroStrand™ high-performance Owens Corning was named to the Corporate glass fiber for composites in high- Responsibility Magazine list of "100 Best temperature fluid applications Corporate Citizens™." The company's ranking of o Two new grades of short glass fiber 68th moved it up 26 positions from 2010. The list reinforcements for polypropylene (PP) is recognized as the world's leading corporate in automotive applications responsibility ranking based on public information. 2011 – April 14: The Owens Corning global 2011 – March 9: Owens Corning held an opening headquarters building in Toledo, Ohio, ceremony for its new plant at Hangzhou, China. became the third existing building in Ohio to Reinforcement production, which started in earn gold certification under the U.S. Green December 2010, augments output from an Building Council (USGBC) Leadership in existing facility nearby. The new plant is the Energy & Environmental Design (LEED®) company’s eighth composite production site in Existing Building (EB) program. To achieve Asia. the award, the building’s design and operation met stringent standards as an energy- 2011 – March 14: Owens Corning announced the efficient, environmentally responsible and availability of the first-ever chemical resistance healthy place to live and work. The building guide for glass fibers to help engineers select the earned silver certification under LEED-EB in optimum reinforcements for fiberglass-reinforced 2007. polymer (FRP) applications in corrosive environments. The guide contains test results, 2011 – May 2: At a conference in Berlin, specifications and information about industry Owens Corning introduced Ultrapipe™ standards for glass fiber compositions used in fabrics, a new family of products can improve FRP. the performance of glass-based cured-in- place pipe (CIPP) relining solutions. The 2011 – March 22: Owens Corning announced proprietary construction of Ultrapipe fabrics plans to more than double capacity at its glass allow superior impregnation, enhanced fiber reinforcement facility in Tlaxcala, Mexico. ultraviolet (UV) curing compared to existing The additional capacity was expected to be CIPP fabrics and higher laminate mechanical operating in early 2012. The expansion supports performance. increasing global demand for glass reinforcements and is the fourth increase 2011 – May 6: Owens Corning made the announced by the Composite business in recent Fortune 500 list for the 57th consecutive year. months. Increases were also announced in The annual list ranks companies based on Yuhang, China; Gous-Khroustalny, Russia; and revenue. Fortune magazine listed Owens Besana, Italy. Corning at 448 with $4.9 million in revenue, compared with 432 in 2010. 2011 – March 29: During JEC Composites in Paris, the world’s largest composites show, 2011 – May 16: Owens Corning announced it Owens Corning demonstrated its commitment to is producing preformed acoustic inserts for

69 automotive mufflers at its glass reinforcements Owens Corning EcoTouch™ insulation and plant in Amarillo, Texas. The preforms are part of Deck Defense® roofing underlayment to its the company’s proprietary Silentex® noise control annual 101 Best New Products list. solutions produced using its patented Advantex® glass. The preformed inserts are easy to use, 2011 – August 2: Owens Corning reported the offer outstanding noise reduction and can acquisition of FiberTEK Insulation LLC and withstand the increasing temperatures of low- FiberTEK Insulation West LLC. The emission exhaust systems. acquisitions include manufacturing plants in Lakeland, Fla., and Nephi, Utah, and expand 2011 – June: For decades, Owens Corning the company’s loosefill insulation capacity scientists led the research investigating the safety while strengthening its ability to serve the of the glass fibers used in insulation. As a result, North American market. 10 years ago glass fibers were removed from one international list of possible carcinogens. Since 2011 – September 6: Owens Corning then, an Owens Corning team worked to achieve announced plans to open a China Composites the same result on the U.S. National Toxicology Center in Shanghai in early 2012. The center Program (NTP) list. Finally, this month, NTP will focus on customer activities including removed a specific glass fiber – the kind Owens prototyping, testing, designing and developing Corning uses in its insulation – from its list of new solutions, particularly in renewable possible carcinogens. The impact of the NTP energy, residential and commercial building decision is that Owens Corning insulation and vehicle components. The team will be products no longer have to carry a label warning part of a global network including innovation of potential cancer-causing effects under the sites in Granville, Ohio; Chambery, France; Federal Hazard Communications law. Zele, Belgium; Apeldoorn, Netherlands; and Ibaraki, Japan. The facility in Shanghai will 2011 – June 29: Owens Corning released its fifth help ensure deep understanding of local annual Sustainability Report, outlining the needs and trends. company’s environmental footprint reduction performance relative to seven key aspects of 2011 – September 9: Owens Corning said it resource consumption, waste and air emissions. teamed up with vendor DuPont to create a The company said it met three of its seven goals SAFER barrier around auto racetracks. In already and was confident that six of the goals will SAFER (steel and foam energy reduction) be achieved by 2012. The seventh goal, involving barriers, Owens Corning Hydrovac® volatile organic compounds, generated a 14 technology combines with a DuPont percent improvement since 2002 and had already Formacel® foam expansion agent to create a begun to benefit from the company’s recent foam that absorbs energy during impact. The conversion to EcoTouch™ insulation. The Hydrovac process is used for making Owens company also announced new 2020 goals Corning FOAMULAR® extruded polystyrene targeting reductions in energy, greenhouse gas, insulation. In March, the Midwest Roadside water, toxic air emissions, particulate matter, and Safety Facility at the University of Nebraska waste-to-landfill measures, as well as supplier completed testing to certify the use of sustainability and life-cycle assessments. FOAMULAR® insulation with the DuPont expansion agent on all NASCAR and IRL 2011 – July 12: The Indo-American Chamber of (Indy Racing League) tracks. As racetracks Commerce (IACC) honored Owens Corning India refresh existing barriers or add new ones, as the best U.S. company operating in India for they are expected to use FOAMULAR® the manufacturing sector. The award was based insulation. on the company’s human capital management, corporate social responsibility and overall 2011 – September 29: The Science and contribution to Indo-U.S. business. Technology Center in Granville, Ohio, celebrated its 50th anniversary. Employees 2011 – July 22: Professional Builder and and retirees reflected on the can-do spirit of Professional Remodeler magazines named innovation that began with the first pioneering

70 lab on the site. 2012 – February 7: Owens Corning said it was 2011 – October 5: EcoTouch™ insulation became honored in two categories during the the first fiberglass insulation certified by the U.S. TechColumbus 2011 Innovation Awards Department of Agriculture (USDA) as a biobased ceremony. The company won the Green product. The certification is part of a new labeling Innovation Award for the Foamular® blowing initiative to identify products with ingredients agent conversion, and EcoTouch™ insulation made from renewable plant materials. won for Outstanding Product in a company with more than 250 employees. 2011 – October 7: Owens Corning received two distinct honors from The Home Depot (THD) 2012 – February 8: Owens Corning during THD’s annual supplier meeting: Owens announced the first-ever lifetime guarantee Corning was the only company named program for an insulating and air-sealing Environmental Partner of the Year and Marketing system. The EnergyComplete™ System Innovation Partner of the Year. Performance Guarantee assures that Owens Corning’s EnergyComplete products will 2011 – December 8: Owens Corning said it again continue to perform, maintaining their sealing received a perfect score of 100 percent on the durability and thermal performance properties, 2012 Corporate Equality Index (CEI). The for the life of the home. company has achieved a 100 percent CEI rating every year since 2004. The CEI is published by 2012 – March 27: Owens Corning launched the Human Rights Campaign (HRC) Foundation, FoodContact™ glass fiber for reinforced a civil rights organization working to achieve plastic. The new product helps manufacturers lesbian, gay, bisexual, and transgender (LGBT) of kitchen appliances and food-processing equality. The 2012 CEI rated 850 companies on a equipment comply with upcoming European scale of 0 to 100 percent relative to 40 specific regulations for materials that will come into policies and practices. Owens Corning was one of contact with food and drinking water. 190 companies to achieve a perfect score. 2012 – April 23: Owens Corning said it had 2012 – January 31: Owens Corning said its been recognized by Maplecroft Climate roofing business will work in partnership with Innovation Indexes as a leader in the Solexel to develop and commercialize reliable, innovation of clean-tech solutions and new high-performance, affordable and sustainable products, the mitigation of climate change solar roofing solutions. The two companies related risks and the management of carbon received a grant from the U.S. Department of emissions. The rating of the 360 largest U.S.- Energy for projects to help shape the next based companies ranks Owens Corning 80th generation of solar energy. The grant made it among the top 100 companies with a market possible to use Solexel’s technology to create capitalization of more than $1 billion. solar roofing that is beautiful and easy to install. In addition, Owens Corning said it recently acquired 2012 – May 7: Owens Corning made the technology and intellectual property from a Fortune 500 list for the 58th consecutive year Fortune 500 company that will speed up delivery in 2011. The annual list ranks the largest of an initial solar roofing product. companies in the U.S. based on revenue. Fortune magazine listed Owens Corning at 2012 – February 1: Owens Corning launched a 454 with $5.3 billion in revenue, compared next generation of Duration® shingles. Called with 448 in 2011. The company has been in TruDefinition® Duration® Series Shingles, the the list every year since Fortune started it. new line features a woven, engineered-fabric strip that reinforces the nailing zone, resulting in a 2012 – May 17: Owens Corning said it tough, thick fastening area. Other features include launched the Architectural Information Center, a highly visible nailing zone for fast, easy an online portal for architects and building installation, shingles that lay flat on a roof, higher- material specifiers. Available at contrast color blends and two new colors. OCBuildingSpec.com, the Web-based

71 resource provides commercial building industry globally. Designed for spray-up applications professionals with immediate access to product including marine, sanitary, swimming pools literature and case studies, guide specifications, and transportation, OptiSpray solutions online American Institute of Architects (AIA) and provide optimum wetting for good surface Continued Education System (CES) training finish and mechanical strength in the finished courses and more. product. The family of solutions includes OptiSpray™, OptiSpray™ H and OptiSpray™ 2012 – May 31: Owens Corning said it will donate F rovings. up to $1 million in cash and gifts-in-kind to Habitat for Humanity International over three years to 2012 – September 6: Owens Corning support house construction and revitalization welcomed customers to its new China projects nationwide. The Owens Corning Composites Center in Shanghai and said the Foundation donated $200,000 for 2012 and center would help grow their businesses. The pledged $200,000 per year for 2013 and 2014. Center is a state-of-the-art research and Owens Corning anticipates gift-in-kind donations development site equipped for composite of $400,000 over the same three-year period, processes such as pultrusion, filament providing fiberglass insulation, roofing materials winding, vacuum infusion and thermoplastic and other products to support Habitat's affordable molding. It also is set up to host training housing projects. seminars. The center is a direct response to customer 2012 – July 5: Owens Corning said it acquired requests for local solutions. joint venture partner Northern Elastomeric Inc. The company and NEI have been part of a joint 2012 – September 13: Owens Corning scored venture since 1999 making self-adhered roofing a “three-peat” with the Dow Jones and specialty underlayments, flooring materials Sustainability World Index. For the third and tapes used in roofing and gutter applications. consecutive year, the company earned a It currently makes WeatherLock® waterproofing place in the index for its sustainability efforts. underlayment for Owens Corning’s roofing The DJSI World Index lists the top 10 percent business. of the world's 2,500 largest companies based on long-term economic, environmental and 2012 – June 26: Owens Corning released its sixth social criteria. annual Sustainability Report, highlighted by year- over-year intensity reductions in all environmental 2012 – September 14: Employees joined goals set and an impressive list of innovation- company leaders, government officials and driven achievements. Among the key customers for the official opening of the new accomplishments highlighted in the report is a furnace and production line at the plant in reduction in waste-to-landfill intensity by 22 Tlaxcala, Mexico. The new furnace at the percent in 2011, representing an absolute glass reinforcements plant more than doubles reduction of more than 37,000 metric tons. Owens the facility’s capacity to support growing Corning also reduced its toxic air emissions demand for assembled rovings in the intensity by 37 percent last year for an absolute Americas and throughout the world. The new reduction of 236 metric tons. furnace makes Advantex® glass for the assembled rovings and also for dry-use 2012 – August 3: Owens Corning announced the chopped strands. sale of its VersaMat® polyester mat business based in Louisville, Ky., to Indratech Performance 2012 – September 20: Owens Corning was Fiber Systems. The company said the sale ranked 165th on a list of the top 500 supports the Composite Solutions Business’ technology innovators in the United States, strategy of focusing on glass-based composite according to InformationWeek magazine. Of applications. the manufacturing companies on the list, Owens Corning was ranked ninth. 2012 – September 4: Owens Corning announced The company’s ranking improved from last that OptiSpray™ roving solutions are available year when it was included in the 251-500

72 range. InformationWeek does not assign Foundation. The U.S. civil rights organization individual rankings for companies in that bracket. works for equality for members of the gay, lesbian, bisexual and transgender community. 2012 – October 17: Owens Corning issued The company has achieved a 100 percent $600 million in new bonds maturing in 2022 at an rating every year since 2004. interest rate of 4.20 percent, the lowest-cost bond ever issued in the history of the company. The 2012 – November 28: Owens Corning said the proceeds will retire up to $350 million of existing furnace built to last 10 years in Kimchon, bonds maturing in 2016 and 2019, and repay Korea is now 15 years old and is still going outstanding borrowings under a revolving credit strong. It is one of the longest running facility. furnaces in Owens Corning history. A furnace rebuild is scheduled for next September. By 2012 – October 30: To celebrate the new furnace then, the Kimchon furnace will be 16½ years at its plant in Gous-Khroustalny, Russia, Owens old. Corning leaders cut ribbons twice – in the morning with local authorities and in the afternoon with 2012 – December 11: Owens Corning Latin customers. The investment in Gous-Khroustalny America said it launched an integrated is the company’s latest step to increase its global insulation system – called PINK Insularis – to capacity to produce composite material and reduce home temperatures in emerging particularly to service the Russian and CIS markets for people who cannot afford air markets. Now with double production capacity, conditioning. Owens Corning developed the the plant manufactures corrosion-resistant system through a joint project with CEMEX, Advantex® glass locally for roving and wet-use one of the world’s leading cement and chopped strands (WUCS), as well as other concrete manufacturers. The system uses reinforcement products. FOAMULAR® insulation panels inside molds that form the concrete walls and roofs and can 2012 – November 1: Owens Corning noted it was reduce a home’s inside temperature by as beginning its 75th year. The company said it will much as 44 degrees. The system complies celebrate the anniversary during the next 12 with existing regulations for sustainable months as it weaves an OC@75 observance housing, and allows for faster construction, throughout many existing events on the company less labor and lower interior finishing costs. calendar. The year will culminate on Oct. 31, 2013 – 75 years after officials signed the paperwork to 2013 – January 11: The Taloja, India, establish Owens-Corning Fiberglas Corporation. composites plant won second place in the glass category of the 2012 National Energy 2012 – November 15: Owens Corning announced Conservation Awards. The plant saved 1520 receipt of UL-certified ISO-compliant megawatt-hours in electrical energy and Environmental Product Declarations (EPDs) for its 35,784 megawatt-hours in thermal energy. unfaced and kraft-faced EcoTouch® PINK® FIBERGLAS™ insulation with PureFiber® 2013 – January 21: Owens Corning technology and its unbonded loosefill insulation. employees improved their safety performance An EPD is an internationally recognized, tool that for the 11th year in a row in 2012. Compared to reports the environmental impact of goods or 2011, employees achieved 9 percent fewer services. An industry first for fiberglass building injuries, a 10 percent reduction in the insulation in North America, the EPDs describe recordable incidence rate to 0.45, and a 30 the environmental impact of the products based percent reduction in the severity of injuries, on an established set of category rules and based on lost and restricted workdays. In independently verified life cycle assessment addition, 62 percent of the company’s facilities (LCA) data from cradle-to-grave. completed the year without a recordable injury, the highest level in company history. 2012 – November 15: Owens Corning again achieved 100 percent in the Corporate Equality 2013 – January 22: Owens Corning unveiled Index published by the Human Rights Campaign high-performance building material offerings

73 featuring products that combine comfort with • BASF contributes knowledge of energy efficiency and performance: thermoplastic resins • EnergyComplete® sealant, an expanding • TenCate Advanced Composites brings foam for joints and other openings its expertise in manufacturing • Total Protection Roofing System™, a • Owens Corning brings the technology collection of products designed to work to develop fabrics and glass together including ventilation, hip and reinforcement solutions ridge shingles, underlayment, ice and water barriers, and starter shingles 2013 – March 26: Siemens Wind Power in • ResidentialComplete™ wall systems with Denmark said it started making a new 55- FOAMULAR® insulation, EcoTouch® meter blade using Owens Corning insulation and JointSealR® foam joint tape Ultrablade™ fabrics. The blade, which is mainly for moderate wind conditions, will be 2013 – February 6: Owens Corning said it will one of the workhorses in the Siemens expand its Oakridge® shingle product line with a portfolio. Siemens engineers are relying on collection of new Artisan Colors. The warm, rich the increased stiffness of Ultrablade fabrics shades will help meet growing demand for more for the longer blade. Each blade consumes vibrant roof colors with bold color combinations 2.4 tons of Ultrablade material, or 7.2 tons of that add contrast and depth for a dramatic view Owens Corning material per turbine. from the street. 2013 – April 10: The Composite Solutions 2013 – March 7: Owens Corning announced an Business said it recently opened a new agreement with Tanaka Kikinzoku Kogyo K.K. and laboratory in Apeldoorn, Netherlands, to Tanaka Kikinzoku International K.K. to purchase energize work in the car battery market. Tanaka Kikinzoku (Suzhou) Co., Ltd (TKS). TKS During the previous few years, sales of non- is a producer of glass fiber-making bushings and wovens for the car battery market grew by other parts, and it services various glass double-digits. With more growth expected, the industries in China. TKS will become a part of science and technology team is building the Owens Corning GlassMetal Services, a wholly company’s expertise in the start-stop battery owned business that makes bushings and related business. A start-stop battery system shuts parts for the glass fiber industry. TKS has been down and restarts the engine to reduce idling operating since 2006. time. This reduces fuel consumption and emissions. 2013 – March 13: Owens Corning received an Innovation Award in the sustainability category at 2013 – May 6: Owens Corning made the the JEC Europe trade show. The award was for FORTUNE 500 list for the 59th consecutive energy-saving façade panels made from year in 2013. The annual list ranks the largest composite materials. The panels help builders publicly owned companies in the U.S. based comply with new insulation requirements for on 2012 revenue. FORTUNE magazine lists European buildings. Known as the COFAHè Owens Corning at 476 with $5.2 billion in solution, the façade panels replace aluminum and revenue. Last year the company ranked 454. other materials with a composite/aluminum profile The company has been on the list every year combination. They use Owens Corning XStrand® since it started. H high modulus glass, Unifilo® continuous filament mat and Cem-FIL® AR glass. 2013 – May 7: Owens Corning said EcoTouch® insulation with PureFiber® 2013 – March 14: Owens Corning announced its technology is now available for metal inclusion in a strategic alliance with BASF and buildings. The insulation was developed for TenCate Advanced Composites to develop use by architects, design/build contractors, thermoplastic composites that will help the metal building insulation contractors and automotive industry produce lighter, stronger and building owners. The insulation features a more environmentally efficient products. In the formaldehyde-free formula made of natural alliance: materials.

74 capability and a research and development 2013 – May 15: Owens Corning and the center to support growing glass non-woven Constellation company announced a 2.6- products activity serving the building materials megawatt solar generation project that will supply market.. clean energy to the insulation plant in Delmar, N.Y. Scheduled for completion in late 2013, the 2013 – June 24: Owens Corning announced a solar project is designed to supply more than manufacturing supply alliance with Xingtai 6 percent of the plant’s annual electricity needs. It Jinniu Fiberglass Company. Under the will also support Owens Corning’s 2020 alliance, Jinniu will provide a sure source of environmental footprint goals for energy use and customized boron-free glass fiber the reduction of greenhouse gas emissions. reinforcements from its current furnace capacity in China. Owens Corning will bring to 2013 – May 29: EnergyComplete® sealant won the alliance its technology for environmentally Design Journal’s 2013 ADEX Platinum Award for sustainable manufacturing. Both companies Design Excellence. Design Journal’s ADEX will continue to operate separately. (Awards for Design Excellence) is one of the largest programs recognizing the design of 2013 – June 25: Owens Corning issued its furniture, fixtures, finishes and building materials seventh annual Sustainability Report and said marketed to the design trade. it achieved all seven of its original environmental footprint goals and is making 2013 – June 3: Owens Corning said it completed progress toward its 2020 targets. Also in the the acquisition of Thermafiber Inc., a leading report, the company noted its 11th manufacturer of mineral wool commercial and consecutive year of safety improvement. industrial insulation products. The acquisition, which includes a 145,000-square-foot 2013 – July 22: Owens Corning China said it manufacturing location in Wabash, Ind., provides officially launched EcoTouch® insulation Owens Corning with a broad insulation portfolio earlier in the month with celebrations at five now encompassing fiberglass, foam and mineral sites. More than 300 employees attended wool insulation products. Thermafiber's insulation events in the regional headquarters in products support fire block, fire blanket and Shanghai and four building materials plants in curtain wall applications. Shanghai, Guangzhou, Tianjin and Nanjing. The celebrations recognized employees for 2013 – June 4: Owens Corning announced a their efforts in converting all China lines to strategic alliance with glass fiber producer EcoTouch technology over the past year. Taishan Fiberglass, a subsidiary of the China National Materials Group (Sinoma), and one of 2013 – August 6: The Xi’an, China, insulation the largest cement companies in the world. The plant lit its new furnace in a recent ceremony two companies will grow the use of alkali-resistant that included many customers, suppliers and glass products sold under the brands Cem-FIL®, distributors. About 70 guests joined Building Anti-CRAK® and Slurry-FILTM. Manufacturing for Materials Asia-Pacific leaders, the project the alliance will be based in China. Owens team, functional representatives and Corning research and development centers will employees in the ceremony. The new provide support, as well as develop applications insulation plant is the company’s fifth building for the reinforcements. Taishan will focus on materials facility in China. It will make China, Japan, Korea, the Association of EcoTouch™ insulation with PureFiber® Southeast Asian Nations, South Africa, and Saudi technology, which the company recently Arabia. Owens Corning will serve markets across launched in China. the rest of the world. 2013 – August 28: Builder and Professional 2013 – June 19: Owens Corning announced a Remodeler magazines listed Owens Corning $130 million investment in North America to EnergyComplete® Sealant as one of the 101 expand its glass non-wovens business. The new best new products for the past year. facility will feature state-of-the-art manufacturing

75 2013 – September 11: Owens Corning introduced company leaders rang the closing bell on the two products at China Composites Expo 2013 in New York Stock Exchange. On Thursday, Beijing. The company re-launched Advantex® Oct. 31, the official date of the company’s SE2307 roving for pipes and introduced anniversary, a special town hall meeting was Ultrablade® triaxial fabrics for wind blades. held at World Headquarters.

2013 – September 12: For the fourth year in a 2013 – November: Owens Corning held an row, Owens Corning was part of the Dow Jones official opening for its new fiberglass Sustainability World Index. And for the first time, reinforcement facility in Xi’an, China. The the company led the building materials industry plant extends the company’s footprint in category. The index lists the top 10 percent of the western China. world's 2,500 largest companies based on long- term economic, environmental and social criteria. 2013 – December 9: For the 10th year in a row, Owens Corning received a perfect score 2013 – September 19: Owens Corning joined with on the Corporate Equality Index. The Human several other large U.S. companies to call for Rights Campaign Foundation publishes the meaningful energy and climate legislation. The annual report on workplace equality for effort was organized by nonprofit group Ceres lesbians, gays, bisexuals and transgenders. and its business network, Business for Innovative Owens Corning is one of 303 major U.S. Climate & Energy Policy. businesses that earned top marks in 2013.

2013 – September 30: The National Safety 2013 – December 19: Owens Corning Council’s said Owens Corning will receive the announced a UL-certified Environmental Council’s highest honor in 2014 – the Green Product Declaration for its FOAMULAR® Cross for Safety medal. The award goes to an extruded polystyrene insulation. An industry- organization that shows a “steadfast commitment first in North America for XPS rigid foam to improving safety and health in the workplace insulation, the EPD describes the and beyond. The medal recipient exhibits safety environmental impact of the products based leadership at all levels of the organization, boasts upon an established set of product category an outstanding safety record and is committed to rules and independently verified life cycle improving the quality of life in the communities assessment data from cradle-to-grave. where its employees work and live.” 2014 – January 29: In its Sustainability 2013 – October 15: Owens Corning leaders joined Yearbook, RobecoSAM awarded Owens with Constellation and the New York State Energy Corning the Industry Leader and Gold Class Research and Development Authority to dedicate Sustainability Award in the building products a solar field that supplies about 6 percent of the sector. The annual yearbook recognizes the electricity used by the plant in Delmar, N.Y. most sustainable companies around the Constellation financed and built the system, and world. Owens Corning is the only U.S.-based will own and maintain it. Owens Corning buys the company to receive the award in the building electricity under a 20-year agreement. products category.

2013 – October 22: Owens Corning announced it 2014 – February 12: Owens Corning will build a glass non-wovens plant in Gastonia, announced plans to establish a quarterly N.C. The plant will be finished in mid-to-late 2015, dividend to its stockholders. The company create 110 new jobs by the end of 2016 and said the board of directors’ decision to declare invest more than $120 million in the N.C. Certified a dividend expresses its confidence in the Gastonia Technology Park. company’s long-term financial outlook and ability to generate cash. The company will 2013 – October 31: Owens Corning sites around make an initial quarterly payment of 16 cents the world celebrated the company’s 75th per common share on April 3, to shareholders anniversary with a week of special activities. of record on March 14. Owens Corning had OC@75 celebration week began Monday as not paid a dividend since 2000.

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2014 – February 17: The Kearny Rebuild and 2014 – April 17: Stockholders approved all Service Team received the Board of Directors’ four proposals at the annual meeting, Cup for 2013. The team rebuilt the Kearny, N.J., including one declassifying the board of roofing plant after it was badly damaged from directors. Hurricane Sandy in October 2012. While the plant was being extensively repaired and upgraded, 2014 – June 2: Owens Corning made the team members serviced customers without Fortune 500 list for the 60th consecutive year. missing an order and safely completed the rebuild The annual list ranks the largest companies in on time and on budget. the U.S. based on revenue. Fortune magazine listed Owens Corning at 475 with $5.29 billion 2014 – March 12: At the JEC Europe trade show in revenue in 2013. Owens Corning is at the in Paris, Owens Corning earned a JEC Innovation top of the magazine’s "building materials, Award for its work with Russia’s PolyPlastic glass" category and has been on the list every Group. The companies developed a new grade of year since Fortune magazine started it. polypropylene composite material reinforced with Owens Corning Performax® 249 chopped glass 2014 – June 26: The Building Materials Group strands. The new material helped deliver key introduced a new wall system for brick performance features for a Russian maker of buildings – the CavityComplete™ Wall washing machine tubs. System for Steel Stud with Masonry Veneer. Commercial buildings with steel stud framing 2014 – March 13: In a proxy statement and and brick exteriors are one of the most annual meeting notice filed with the U.S. popular building styles, representing about 30 Securities and Exchange Commission, Owens percent of all buildings built. Corning asked stockholders to approve the declassification of the board of directors. If 2014 – July 1: In its eighth annual approved, declassification would mean the entire Sustainability Report, Owens Corning board stands for election annually, beginning in described improvements in five of its six 2017. Currently, the board is divided into three environmental footprint goals: energy use, classes. Stockholders elect one class each year greenhouse gas, particulate matter, toxic air and members in that class serve a three-year emissions and water use. The sixth goal, term. waste to landfill, lost ground; the company exceeded the 2010 baseline by 6 percent in 2014 – March 27: Owens Corning EcoTouch® 2013. The most improved area was toxic air Fiberglas™ insulation received a 2014 Product & emissions – an improvement of 62 percent Project of the Year Award from Environmental from the baseline. The company also declared Leader, a leading daily trade publication for its intent to expand its “handprint” – the energy, environmental and sustainability news. Its positive effects of Owens Corning products annual top products list honors companies making and the company’s work to drive energy “the biggest difference in the field of energy, efficiency through the increased use of its environmental and sustainability management.” products in buildings, cars, wind turbines, etc.

2014 – April 10: Owens Corning received the 2014 – July 3: Owens Corning was named a highest honor of the National Safety Council, the 2014 Eco-Leader by Green Builder Media. 2014 Green Cross for Safety medal. NSC The firm publishes Green Builder Magazine, presents the award annually to an organization the largest circulation magazine in the with outstanding safety performance and a construction trade. commitment to improving the quality of life in the communities where its employees work and live. 2014 – July 30: Owens Corning said it will During the past 12 years, Owens Corning has license its S-glass technology exclusively to eliminated nearly 95 percent of recordable AGY. Starting Aug. 1, AGY will assume injuries, as defined by the U.S. Occupational commercial and operating responsibility for all Safety & Health Administration. of Owens Corning’s S-glass-related business.

77 reinforcing glass non-wovens were introduced 2014 – Sept. 11: For the fifth year in a row, to the European market in June 2013. The Owens Corning was part of the Dow Jones solution uses a bio-based binder system with Sustainability World Index. For the second time, high tensile strength performance and does the company led the building materials industry not contain any formaldehyde. category. Owens Corning was evaluated against 22 individual criteria covering economic, 2014 – Nov. 3: Owens Corning streamlined its environmental and social factors. The company organization into three reporting business scored higher than the industry average in all 22 units: Composite Solutions, Insulation, and of the criteria and was the industry leader in six. Roofing and Asphalt. The company said it will no longer have a defined Building Materials 2014 – Oct. 7: The Certified Energy Expert™ Group. All of the functions solely supporting program earned a Brand Builder Award from the Building Materials Group structure were Hanley Wood, a strategic marketing company that eliminated under the new structure. serves the residential, commercial design and construction industries. The insulation contractor 2014 – Nov. 19: Owens Corning announced program won in the category of Best Customer results of its cash tender offers to purchase its Support Program. 9 percent Senior Notes due 2019 and its 6.5 percent Senior Notes due 2016, for an 2014 – Oct. 12: Aon Hewitt named Owens aggregate purchase price of up to Corning to its list of Top Companies for Leaders $400 million. The offers were fully subscribed. in North America. The list honors companies that excel at building and growing strong leaders. 2014 – Nov. 21: For the 11th year in a row, More than 180 companies were part of the year’s Owens Corning earned a perfect score on the study by Aon Hewitt, a global talent, retirement Human Rights Campaign Corporate Equality and health solutions business. Owens Corning Index and was designated as a Best Place to was ranked 25th in North America. Work for lesbian, gay, bisexual, and transgender equality. Owens Corning was one 2014 – Oct. 14: Owens Corning removed the of 366 major U.S. businesses that earned top INNOVATIONS FOR LIVING® tagline from its marks for the year. logo. The company said beginning on this day it would use only the company’s brandmark with the 2015 – Jan. 19: The ProPINK® High red shield logo. Performance Conditioned Attic System was launched as part of an expanded offering of 2014 – Oct. 15: Owens Corning introduced two building science-based systems. The system products to its suite of sheet molding compounds. is designed to deliver better air, thermal and • Advantex® ME1975, a new glass fiber moisture performance in unvented attics multi-end roving, designed for use in SMC where the HVAC unit is placed in the attic Class A applications in automotive and space. transportation • Advantex® ME1510, designed to provide 2015 – Jan. 23: For the second year in a row, optimal wetting performance with glass Owens Corning was named an industry leader content as high as 60 percent in epoxy- in the building products sector of the based SMC applications, resulting in RobecoSAM Annual Sustainability Yearbook. lighter and stronger products that can The company also earned a gold class rating. replace traditional metal in structural RobecoSAM is an investment firm focused on applications in the automotive and sustainability investing. industrial markets 2015 – Jan. 29: Asia-Pacific employees from 2014 – Oct. 16: Owens Corning said it was the composites, insulation and roofing building a new facility in Gastonia, N.C., that will businesses joined forces to operate under one help meet demand for Sustaina® non-woven roof in Shanghai, China. glass fiber fabric. Sustaina® surfacing and

78 2015 – Feb. 4: The Owens Corning Foundation said it will donate $1.1 million in cash and gifts-in- The glass fiber innovations are designed to kind to Habitat for Humanity International over improve composites performance in three years. The partnership will support house automotive, industrial and telecommunication construction and revitalization projects across the applications. United States. The Owens Corning Foundation has donated $200,000 for 2015 and pledged 2015 – April 13: Owens Corning Canada $200,000 per year for 2016 and 2017. received the 2015 Industry Partner Award Additionally, Owens Corning anticipates gift-in- from EnerQuality, Canada’s leading certifier of kind donations of $500,000 over the three years. energy efficient and Energy Star qualified homes. 2015 – Feb. 16: The Project Red Fuji Team won the Board of Directors' Cup for 2014. Ten teams 2015 – April 17: Owens Corning was voted were nominated for the cup, the highest award the top green brand of insulation and roofing given at Owens Corning. The Project Red Fuji products by Green Builder Media readers. The Team faced a challenge in 2014 as Owens publication reported the news in its annual Corning was exiting the S-glass business and Readers' Survey, which focuses on licensing that technology to AGY. A customer understanding product preferences of the (who asked not to be identified) was in the middle green building professionals. of its commercial ramp-up of a new product. Faced with a potential shortage of S-glass, the 2015 – April 22: Owens Corning said the customer expressed a desire to continue working company's board of directors approved a with Owens Corning. A division-wide team, $90 million investment in a new mineral wool supported by corporate accounting, devised an S- plant. The plant, which will begin operations in glass production campaign at the Mexico City late 2016, will support growth of the North plant that met the customer's needs with American mineral wool insulation business. favorable commercial conditions for Owens Corning. 2015 – April 22: Owens Corning reported that in 2014, the company's Roofing and Asphalt 2015 – Feb. 27: Owens Corning glass Shingle Recycling Program helped keep about reinforcements helped a customer earn the 2.4 billion pounds of used shingles out of Golden Trowel award for its flat concrete floor. landfills. The program, which recognizes and Zorzin Group, an Owens Corning customer, set a promotes independent shingle recycling world record for its flat strip of concrete for a centers across the U.S., grew 33 percent over distribution center greater than 10,446 square 2013. Shingle recycling became available in meters. The winning floor used Owens Corning's eight new markets and 12 new locations. Cem-FIL® glass reinforcements. More than 65 percent of people living in the The Golden Trowel awards are given annually by U.S. now have access to shingle recycling in Face Construction Technologies of Norfolk, their market. Virginia, for the flattest and most level floor slabs placed in the world. 2015 – April 23: Owens Corning established a Center of Excellence for Advanced Modeling 2015 – March 11: Owens Corning introduced five and Mimics in Granville, Ohio. The center new products at the JEC Europe 2015 show and reflects the company's commitment to working conference in Paris, France: closely with customers and finding new • PulStrand™ 4100 single-end roving for applications for glass fiber composites. pultrusion. • Performax® SE4850 roving for 2015 – April 27: Owens Corning Roofing polypropylene DLFT (direct long-fiber launched a national media campaign to help thermoplastics). drive pull-through sales of shingles and • TeleStrand™ 2000 UV series roving. roofing components and build awareness and • HydroStrand® 258 chopped strands. preference for the brand. The campaign • OC Paneluxe™ multi-end roving. included a 30-second commercial that aired

79 on national network radio stations. plant in China. The event was a critical milestone for an alliance between Owens 2015 – May 18: Ava Harter joined the company as Corning and Jizhong Energy Group (JZEG) senior vice president, general counsel and using Owens Corning technology and Jinniu's corporate secretary. manufacturing capacity to produce world-class products made with Advantex® glass. 2015 – June 8: Owens Corning made the Expanding manufacturing capacity through FORTUNE 500 list for the 61st consecutive year. alliances was said to be a key growth strategy The annual list ranks the largest companies in the for the Composite Solutions Business. The U.S. based on 2014 revenue. Fortune magazine "asset-light" approach helped Owens Corning listed Owens Corning at 498 with $5.27 billion in grow until market conditions justify revenue. The company has been on the list every investments in its own capacity. year since Fortune started it. Last year the company ranked 475. 2015 – August 26: Owens Corning relied on building science to develop a line of pipe 2015 – June 22: Owens Corning said the insulation products for commercial company recently accepted honors from three construction and relied on Newark, Ohio, pipe organizations: factory employees to learn new skills so they • Computerworld 2015 Best Places to Work could safely manufacture it. The new Owens in IT Corning ASJ Max FIBERGLAS™ Pipe • 2015 CIO 100 Award from CIO magazine Insulation is designed for hot and cold, • Top Companies for Leaders in North concealed and exposed pipes in commercial America from Aon Hewitt, a global talent, and industrial buildings. Manufacturing ASJ retirement and health solutions business Max FIBERGLAS Pipe Insulation was the biggest product change at the Newark pipe 2015 – July 6: During the Pacific Coast Builder factory in 20 years. Conference in San Diego, California, Bob Raymer, technical director for the California 2015 – September 3: Owens Corning Brazil Building Industry Association, publicly was again named a Great Place to Work. The acknowledged Owens Corning ProPink® High Great Place to Work Institute gave the honor Performance Conditioned Attic System as a cost- to Owens Corning and 134 other companies effective way to meet 2016 code requirements. out of 1,454 participating businesses. Owens Corning ranked in the top 30. 2015 – July 10: Owens Corning said it will build its new Thermafiber® mineral wool plant in Joplin, 2015 – September 10: For the sixth year in a Missouri. The company will move into an existing row, Owens Corning was part of the Dow 303,000-square-foot facility and invest nearly $90 Jones Sustainability World Index. And once million to purchase and install equipment at the again, for the third time, the company led the site. The project will create more than 100 jobs. building materials industry category. The Dow The plant will make mineral wool insulation for Jones Sustainability Indices follow a best-in- commercial, residential and industrial applications. class approach, including companies across all industries that outperform their peers in 2015 – July 16: Owens Corning announced strong many sustainability metrics. progress in reducing its environmental footprint and improving the environmental impact and 2015 – October 30: Owens Corning transparency of its products as the company announced more ambitious sustainability released its ninth annual sustainability report. The goals to reduce greenhouse gas and toxic air company said it operates with 46 percent less emissions, along with new renewable power absolute greenhouse gas emissions than at its initiatives that will continue to expand the peak in 2007. company's impact through sustainability. The new 2020 sustainability goals are to reduce 2015 – July 17: An Advantex® glass furnace greenhouse gas intensity by 50 percent and started production in the Xintai Jinniu Fiber Glass toxic air emissions intensity by 75 percent

80 from its 2010 baseline. environmental stewardship.

2015 – October 30: Leaders from Owens Corning 2015 – November 18: The Owens Corning and energy provider Constellation joined Foundation Inc. made a $1 million employees from the corporate office in Toledo, commitment to support the educational Ohio, to dedicate a new solar parking canopy. mission of the Toledo Museum of Art. The gift, The solar parking canopy is designed for 3 million to be paid over a five-year period, will help to kilowatt-hours per year of electricity, which was underwrite art education programs and the the single largest parking lot solar installation in Museum’s 2020 Vision that focuses on the Midwest region of the United States. expanding educational outreach to more Constellation will own and maintain the solar culturally diverse audiences. canopy system and sell back all of the electricity to Owens Corning over a 20-year supply 2015 – November 18: The company continued agreement. to boast a perfect score on the Human Rights Campaign Corporate Equality Index. In the 2015 – November 2: Owens Corning is the 2016 results, Owens Corning earned a 100 number one insulation brand preferred by building percent score for the 12th year in a row. This professionals, according to three industry surveys: meant Owens Corning strived for a workplace • 2015 Hanley Wood Builder Brand Study where all employees felt they could reach their • 2015 Green Builder Media annual true potential. It was named a Best Place to Readers' Choice survey Work for gay, lesbian, bisexual and • Remodeling's 2015 Brand Use Study transgender equality.

The surveys are conducted annually among 2015 – November 19: Owens Corning was builders and remodelers. They track brand named a 2016 Green Building Project Partner preferences across categories in the building for Make It Right. As the official insulation materials industry. In the insulation category, partner, Owens Corning contributed cash and fiberglass brands compete with cellulose, spray insulation to the organization. Founded by polyurethane foam and rigid foam board. actor Brad Pitt in 2007, the nonprofit's goal is building sustainable, affordable homes for 2015 – November 10: Owens Corning introduced communities in need. In 2015, Owens Corning a mobile app that put the power of a thermal donated $65,000 in cash and insulation to a vision home energy audit into the hands of Make It Right build at Fort Peck Indian homeowners, contractors and remodelers. The reservation in Montana. free Owens Corning Comfort Tracker™ app works with the FLIR ONE thermal imaging camera 2015 – November 23: Owens Corning ranked to show air and thermal leaks in a home. The app 27th in the top 50 best internships in the U.S., allows contractors and homeowners to turn their according to a survey through Vault.com. For iPhone, iPad or Android device into a tool that can quality of life during the internship, the help improve a home's energy performance. company ranked 21st. Owens Corning was the leading manufacturing company. To 2015 – November 17: Owens Corning expanded compile the rankings, Vault surveyed more product transparency across core commercial and than 5,800 interns at 102 intern programs. residential product offerings. The move helped architects, builders, mechanical engineers and 2016 – January 14: Owens Corning earned specifiers meet the growing criteria of green the 11th spot on the 2016 Best Companies for building certifications. The company introduced Leaders list from Chief Executive magazine. six registered material health certificates through The annual ranking names 40 top public the Cradle to Cradle Certified program and five companies globally in leadership new environmental product declarations development. summarizing product life cycle assessments. The transparency reflected Owens Corning's industry- 2016 – January 18: Owens Corning signed leading commitment to sustainability and technology licensing and manufacturing

81 supply agreements with Shandong Fiberglass 2016 – March 24: Owens Corning made the Group Co. Ltd. in China. The strategic relationship Forbes list of "America's Best Employers" for leverages Owens Corning Advantex® glass fiber 2016, ranking 138th among 500 employers reinforcements and chopped strand technology across 25 industries. and expertise to produce chopped strand products for the thermoplastics industry using the 2016 – April 14: Owens Corning received the Shandong Fiberglass manufacturing platform. Energy Star Partner of the Year award for its The companies continue to operate as separate energy management during 2015. Energy commercial entities. Star is a U.S. Environmental Protection Agency program that helps businesses and 2016 – January 21: For the third year in a row, customers protect the climate through energy Owens Corning was named the industry leader in efficiency. Owens Corning is one of 16,000 the building products sector of the RobecoSAM partners that drive the program's success. annual Sustainability Yearbook. The company also earned a gold class rating for the third time. 2016 – April 21: Owens Corning completed its acquisition of InterWrap, a leading 2016 – February 10: The company reported $550 manufacturer of roofing underlayment and million of adjusted earnings before interest and packaging materials. taxes, which grew by 46 percent for the best year of earnings growth in the history of the company. 2016 – May 3: Owens Corning was listed 43rd All three businesses improved during 2015. Net on Corporate Responsibility magazine's sales for 2015 were $5.4 billion. annual list of "100 Best Corporate Citizens." In 2015, Owens Corning ranked 68th, and in 2016 – February 16: Owens Corning said 2014 was not on the list at all. employees continued to maintain a high level of safety performance in 2015 with 7 percent fewer 2016 – June 6: Owens Corning made the injuries than 2014. Fortune 500 list for the 62nd consecutive year. The annual list ranks the largest 2016 – February 24: To accelerate the growth of companies in the U.S. based on 2015 the Roofing Components business, Owens revenue. Fortune listed Owens Corning at 480 Corning agreed to acquire InterWrap, a leading with $5.35 billion in revenue. Last year the maker of synthetic roofing underlayment and company ranked 498. packaging materials, for $450 million. InterWrap primarily produces synthetic roofing 2016 – June 7: The new plant in Gastonia, underlayment, including the Titanium® and N.C. officially opened with a ribbon-cutting RhinoRoof® brands. ceremony. The glass non-wovens plant is the single-largest capital investment in the 2016 – March 4: Owens Corning made the short company's 78-year history. list of "15 Award-Winning Companies We Want to Work for Now," published by The Muse. The 2016 – June 16: Owens Corning was again Muse is an online resource that offers subscribers named one of the best places to work by a behind-the-scenes look at companies, career information and business technology advice from experts and access to private career professionals. In Computerworld’s annual coaches. Best Places to Work in IT list, Owens Corning ranked fourth among the top 100 large 2016 – March 8: Owens Corning launched a new organizations, up three places from 2015. PipeStrand™ range of products for high- and low- pressure filament winding applications, which 2016 – July 6: Two Insulation Business plants compose the largest glass reinforcement market recently marked significant milestones. On in the world with 655,000 tons of roving sold per June 25, the Delmar, N.Y. plant celebrated its year. Applications include power and energy; 40th anniversary, while on July 1, the petrochemicals; marine; and water distribution. Fairburn, Ga. plant observed 45 years.

82 2016 – July 28: Owens Corning released its 10th national benchmarking survey and report on annual sustainability report and announced corporate policies and practices related to significant progress in reducing its environmental lesbian, gay, bisexual and transgender footprint. In addition, the report detailed ways the workplace equality. company is making a positive impact around the world. 2016 – December 7: Owens Corning today said it will donate fiberglass composites, 2016 – July 29: The 120 insulation contractors expertise and funding to a restoration program who make up Insulate America voted Owens at Pearl Harbor, Hawaii. The company Corning the Insulate America Vendor of the Year. announced an agreement with the Concrete Preservation Institute to restore the historic 2016 – August 1: The Insulation Business earned Battleship Row mooring quays. The. quays the "Partners of Choice" award from David are the last structures remaining from the Weekley Homes, the largest privately held U.S. attack on Dec. 7, 1941. homebuilder. The award marked the fifth time Owens Corning, along with its contractors and 2017 – January 11: Two plants took the distributors, achieved a top score. company to a new level in sustainable manufacturing by piloting and certifying two 2016 – August 24: Owens Corning announced Living Products in 2016. The Mt. Vernon plant plans to invest $110 million to expand capacity at first certified unbonded loosefill in early 2016. its Composites operations in India. The This includes brands such as AttiCat®, investment will support the growing India glass ProCat™, and ProPink® L77 insulation. Later fiber market through the installation of a state-of- in the year, the Santa Clara plant certified the-art 80,000-ton glass melter at the company’s EcoTouch® Unfaced insulation. The existing facility in Taloja, India. The new melter is International Living Future Institute created expected to start operations in early 2018. the Living Product Challenge to highlight products being made more sustainably. Living 2016 – September 7: The plant in Kansas City, Products are said to function as elegantly and Kan., was honored by the Kansas Water efficiently as anything found in the natural Environment Association. The plant was one of world. six companies to earn a new platinum award recognizing water reduction efforts, a good 2017 – January 25: Owens Corning was relationship with the state of Kansas and 100 named one of the world's most sustainable percent compliance on environmental reporting companies for the fourth straight year. for five or more years. RobecoSAM, a sustainability investment specialist, gave Owens Corning the Gold 2016 – September 9: For the seventh straight Class distinction in its annual Corporate year, Owens Corning was part of the Dow Jones Sustainability Assessment. Owens Corning Sustainability World Index. The company led the scored within 1 percent of the top score building materials industry category for the fourth globally. In addition, Owens Corning was year in a row. named an Industry Mover. This distinction is limited to firms that achieve the largest 2016 – November 23: For the second consecutive proportional improvement in their performance year, LM Wind Power recognized Owens Corning over the prior year. Owens Corning increased as its Most Collaborative Supplier. The award its overall score by 5 points, the biggest leap recognized supply agility, proactive idea in its history. generation, supply chain synergy creation and cost control across the value chain. 2017 – February 6: Owens Corning received asthma & allergy friendly® certification for its 2016 – December 5: The Human Rights Pure Safety™ high-performance insulation – Campaign Foundation announced its 2017 CEI the building products industry's first product to ratings and Owens Corning earned a perfect earn the asthma & allergy friendly® score for the 13th consecutive year. The CEI is a Certification from the Asthma and Allergy

83 Foundation of America. Pure Safety insulation has lightweight material that contains completely up to 65 percent less dust than comparable sealed glass cells. It offers water and fire insulation and is mold and mildew resistant. resistance, high compressive strength and long-lasting thermal protection. FOAMGLAS® 2017 – February 8: In 2016, Owens Corning is the insulation of choice for low-temperature achieved record levels of both adjusted earnings industrial applications and in premier before interest and taxes and free cash flow. The commercial buildings. Pittsburgh Corning also company reported 2016 adjusted EBIT of $746 offers accessory products such as applicators, million, up from $550 million in 2015. Operating adhesives, coatings, sealants and jacketing. cash flow and free cash flow improved by more Headquartered in Pittsburgh, Pa., Pittsburgh than $200 million each in 2016. The company Corning has more than 1,100 employees in 17 delivered record free cash flow of $570 million. countries with plants in the U.S., Belgium, Czech Republic and China. Sales in 2016 2017 – February 25: Former Chairman and CEO were more than $240 million. William W. "Bill" Boeschenstein died at the age of 91 in Hobe Sound, Fla. Boeschenstein joined the 2017 – June 7: Owens Corning improved its company in 1950 and served as chief executive ranking in the top 500 companies listed by officer from 1973 to 1990, and chairman from Fortune and Barron's magazines. The Fortune 1981 to 1990. During his tenure, Owens Corning 500 list included Owens Corning for the 63rd grew annual sales from about $615 million to consecutive year. The list ranked the largest about $3 billion. He was perhaps best known for companies in the U.S. based on 2016 leading the organization through a hostile revenue. Fortune placed Owens Corning at takeover attempt that began in 1986. 458 with $5.67 billion in revenue. Last year, Owens Corning ranked 480. The company 2017 – April 25: Owens Corning jumped to No. 25 also moved up in the Barron's 500, a ranking on Corporate Responsibility Magazine's annual of the largest public companies in the U.S. list of "100 Best Corporate Citizens." The and Canada. The list considers free cash flow company moved up from the 2016 rank of 43, and based on return on investment and sales 2015's 68th place. Among all companies growth in the latest fiscal year. Owens evaluated for the list, Owens Corning ranked Corning ranked 180 for 2015 and moved up to second in the environment category. This was a 87 for 2016. leap from 16th last year. The company also was sixth overall in the human rights category, an 2017 – June 12: Owens Corning ranked No. 2 improvement from last year's rank of 32. among large companies on the IDG Computerworld annual Best Places to Work in 2017 – April 27: Owens Corning unveiled the first IT list. The company jumped two places from and only formaldehyde-free mineral wool last year's ranking. Of the 100 companies insulation in North America. Formaldehyde-free ranked in the 2017 list, 51 were in the large Thermafiber® SAFB™ (Sound Attenuation Fire company category. Blankets) were immediately available for specification and scheduled to be in the market 2017 – June 21: The company offered to sell later in the year. The new formaldehyde-free a new series of unsecured senior notes in a insulation can be used in applications that public offering under its effective shelf specifically exclude items such as formaldehyde registration statement. Owens Corning and is especially suited for uses with strict intends to use a portion of the net proceeds of requirements around indoor air quality including the senior notes to fund a portion of the institutions and health care facilities. purchase of its acquisition of Pittsburgh Corning. Owens Corning also announced that 2017 – May 15: Owens Corning signed an it is commencing cash tender offers for any agreement to acquire Pittsburgh Corning, the and all of its outstanding 9 percent senior world's leading producer of cellular glass notes due 2019 and a portion of its 7 percent insulation systems for commercial and industrial senior notes due 2036. The aggregate markets. Cellular glass insulation is a rigid, principal amount of the 2036 notes that may

84 be purchased in the tender offer will be up to $140 leaders is considered to be among the most million. elite and comprehensive for the world's largest companies. 2017 – June 22: The company released its sustainability report listing progress in 2016. The 2017 – September 19: Owens Corning said list included large-scale efforts such as: Constellation and United Renewable Energy • Reduced water intensity by 37 percent recently completed a solar project at the plant against the 2010 baseline, surpassing the in Fairburn, Ga., which will supply about 1.5 2020 goal, million kilowatt-hours of electricity during its • Decreased particulate matter emissions by first year of operation to Georgia Power. 23 percent against the 2010 baseline, Though the solar field does not supply power surpassing the 2020 goal, directly to the plant, it does support the • Began purchasing power from 250 company's sustainability goals. Constellation megawatts of new wind power capacity financed, built, owns and maintains the solar enabled through a power purchase power system. Through a separate agreement. agreement, Owens Corning receives renewable energy certificates for leasing 2017 – June 27: Owens Corning completed its space for the solar panels at the plant. This is acquisition of Pittsburgh Corning. The company Constellation's third solar generation project at received all regulatory clearances and completed an Owens Corning site, representing more the acquisition for about $560 million in cash. than 6 megawatts of capacity. Other sites are Pittsburgh Corning is the world's leading producer in Delmar, N.Y. and Toledo, Ohio. of cellular glass insulation systems for commercial and industrial markets. The acquisition expands 2017 – September 29: Owens Corning said it the Owens Corning commercial and industrial plans to invest $50 million to rebuild a glass product offering and grows the company's melter and expand capacity by about 25 presence in Europe and Asia. percent in Chambéry, France. The investment will support growing demand for 2017 – July 6: Owens Corning acquired Aslan thermoplastics in Europe. The melter was FRP™, the concrete reinforcement business of expected to be operating by mid-2018. Hughes Brothers Inc. Aslan FRP makes and markets glass and carbon fiber-reinforced 2017 – October 5: Pure Safety™ high- composite rebar used to reinforce concrete in new performance insulation was named a top 10 and restorative infrastructure projects such as product leading the way in home improvement roads, bridges, marine structures, buildings and innovation by The Home Depot, North tunnels. Composite rebar is an alternative to steel America's largest home improvement retailer. reinforcements. Its advantages include corrosion- In February 2017, Owens Corning Pure Safety resistance, improved durability, lighter weight, high-performance insulation became the easier installation, greater tensile strength and building products industry's first product to long service life. earn the asthma & allergy friendly® Certification from the Asthma and Allergy 2017 – September 7: Owens Corning said the Foundation of America. Foamglas® research and development lab in Pittsburgh, Pa., will move to the science and 2017 – October 10: The Composite Solutions technology center in Granville, Ohio. The move Business said it plans to wind down was scheduled for completion by June 2018. operations at the plants in Brunswick, Maine; Doudian, China; and Mexico City, Mexico. The 2017 – September 11: Owens Corning continued closings were to be completed during the its streak on the Dow Jones Sustainability World coming year. The action did not impact the Index by being named to the list for the eighth Insulation Business at the Mexico City plant. straight year, and ranked as the Building Product industry leader for the fifth consecutive year. The 2017 – October 18: Owens Corning ranked annual DJSI World list of global sustainability 21st in an assessment of the top U.S.

85 internship programs from career specialist provide building owners and professionals Vault.com. Interns rated the company one of the with liability protection in the unfortunate event best places to go for a meaningful internship of an act of terrorism on their structure. experience. 2017 – December 7: Owens Corning ranked 2017 – October 29: Owens Corning signed an 82nd on the inaugural Management Top 250 agreement to acquire Paroc Group, a leading list released by the Wall Street Journal. The producer of mineral wool insulation for building listing was compiled by the Drucker Institute and technical applications in Europe. The and based on corporate effectiveness, company will pay an enterprise value of assesses how well a company follows a core approximately €900 million. The transaction is set of principles. expected to close in early 2018. Paroc manufactures building insulation for thermal, fire 2017 – December 20: Owens Corning was and acoustic applications in residential and one of 25 global companies named to CDP's commercial construction. The company also A-list for both climate and water. This latest manufactures technical insulation for heating, sustainability recognition was earned through ventilating and air conditioning systems; industrial 2016 actions to manage environmental risks, processes; and the marine, offshore and original cut carbon emissions and enhance water equipment manufacturer industries. Paroc stewardship. CDP is a nonprofit that publishes employs more than 1,800 people in 13 countries scores for more than 3,000 organizations. and operates facilities in Finland, Lithuania, These are shared with investors, businesses Poland, Russia and Sweden. and policymakers to help drive positive environmental change. 2017 – November 8: Owens Corning said three types of its commercial and residential insulation, 2018 – January 11: Owens Corning received independently certified as made with renewable the Crystal Vision Award from World Vision. energy, are now available for specification and The award honors a manufacturer that has purchase. The products represent the first ever to supported the World Vision Storehouse meet the requirements of SCS Global Services' program for at least five years. Storehouse certification protocol. SCS validates the electricity distributes excess building materials inventory used to make the products is 100 percent wind donated by manufacturers, retailers and powered. This, in turn, reduces their carbon wholesalers to improve housing and footprint. The certification followed the power community sites for low-income families. purchase agreements Owens Corning signed in 2015 that enabled new wind capacity in Texas 2018 – January 17: DW Distribution, a two- and Oklahoma. The three types of insulation step distribution partner in the U.S. states of available with the wind power certification are: Arkansas, Louisiana, Oklahoma and Texas, • EcoTouch® insulation, named Owens Corning its 2017 Vendor of the • Thermafiber® RainBarrier® continuous Year. DW Distribution buys roofing, insulation insulation, and foam products. • Unbonded loosefill insulation. 2018 – February 5: Owens Corning completed 2017 – November 10: The Corporate Equality the acquisition of Paroc Group, a leading Index compiled by the Human Rights Campaign producer of mineral wool insulation for named Owens Corning a Best Place to Work for building and technical applications in Europe. LGBTQ Equality for the 14th consecutive year. Its headquarters office is in Helsinki, Finland.

2017 – November 16: Several Thermafiber® 2018 – February 12: Owens Corning was mineral wool insulation products and their recognized by the Ethisphere Institute, a supporting design and installation services earned global leader in defining and advancing the SAFETY Act Designation, retroactive to Jan. 1, standards of ethical business practices, as 2006, from the U.S. Department of Homeland one of the 2018 World's Most Ethical Security. Use of these products and services will Companies. Owens Corning was been

86 recognized for the first time this year and was one insulation. of only three honorees in the Construction & Building Materials industry. 2018 – May 7: Owens Corning ranked No. 3 on Corporate Responsibility Magazine's 100 2018 – February 13: Owens Corning and the Best Corporate Citizens list. This was the Owens Corning Foundation announced plans to fourth consecutive year Owens Corning donate more than $1.2 million in gifts-in-kind and appeared on the list. Its ranking represented a cash, as well as thousands of volunteer hours, to jump of 22 places over the prior year. The Habitat for Humanity during the 2018-2020 time 19th annual 100 Best Corporate Citizens list period. This commitment will support house recognizes the standout environmental, social construction and revitalization projects throughout and governance performance of public the U.S. Cash and gifts-in-kind from the Owens companies across the U.S. Corning Foundation and the company itself totaled more than $3 million from 2012 through 2018 – May 16: Owens Corning published its 2017. The gift-in-kind products were used to 2017 Sustainability Report documenting insulate and/or repair the roofs of more than progress against its 2020 sustainability goals. 2,000 homes. Off the 2010 baseline year, Owens Corning: • Exceeded goals for primary energy 2018 – February 21: Owens Corning reported net (-26 percent), water (-41 percent) and sales grew by 12 percent in 2017 and delivered fine particulate (-25 percent), record adjusted earnings before interest and • On track to meet goals for greenhouse taxes of $855 million. The company reported full- gas (-48 percent to date) and toxic air year 2017 consolidated net sales of $6.4 billion, emissions (-61 percent to date), and compared with $5.7 billion in 2016. Full-year 2017 • Continues to be challenged by its net earnings were $289 million, compared with waste-to-landfill goal (-4 percent to net earnings of $393 million during 2016. Adjusted date). earnings in 2017 were $498 million, compared with $419 million during 2016. 2018 – May 21: Owens Corning continued its streak on the Fortune 500 list. The company 2018 – April 2: Owens Corning entered into ranked 442 on this year's list. This was the technology licensing and manufacturing supply 64th running of the list and Owens Corning is agreements with Taiwan Glass Industry one of only about 50 companies that has been Corporation, based in Taipei, Taiwan. The on it since its inception. The list ranked the agreements leverage Owens Corning's largest companies in the U.S. based on 2017 Advantex® glass fiber reinforcements and the revenue. Owens Corning was reported with well-positioned manufacturing platform of Taiwan $6.38 billion. Glass to produce a mix of products for both thermoplastic and thermoset applications. The 2018 – June 7: Owens Corning earned the companies will continue to operate as separate 2018 Women's Choice Award, which commercial entities. recognizes the brand behind America's Most Recommended™ roofing products. The 2018 – April 27: Owens Corning completed the designation is based on a national survey acquisition of Guangde SKD Rock Wool reflecting responses from thousands of Manufacture Company, a mineral wool women in the U.S. who were asked to select manufacturer in China. SKD produces mineral brands they would highly recommend to wool insulation for the building and technical friends and family. insulation market. Mineral wool is the primary insulation material in China. SKD's 2017 sales 2018 – June 18: For the fifth consecutive were about $10 million. Owens Corning now has year, Computerworld magazine named seven insulation manufacturing facilities in China, Owens Corning one of the best places to work providing customers with a full temperature range for information and business technology of products including fiberglass, extruded professionals. Five years ago, Owens Corning polystyrene foam, cellular glass and mineral wool was ranked No. 47, but moved up to No. 2 for

87 the second consecutive year. 2018 – July 5: The company received a “product of the year” honor for its commercial 2018 – June 19: The plant in Newark, Ohio, said it and residential insulations from Environmental was wrapping up a $31 million investment that will Leader Product & Project Awards. Three enable it to improve quality and make more of the types of Owens Corning insulation were the product customers want. The only Owens Corning first products ever to meet the requirements of plant in the U.S. that makes pipe insulation, SCS Global Services' certification protocol Newark is adding machines and updating the validating that the products were made with forming section and conveyors. The new renewable (wind) energy yielding reduced equipment was scheduled to start running in the embodied carbon. summer. 2018 – July 31: Chairman and CEO Mike 2018 – June 26: Owens Corning signed a Thaman announced the appointment of Brian strategic cooperation and supply agreement with Chambers to President and Chief Operating Chongqing Polycomp International Corp., Officer (COO) effective Aug. 1. Thaman said including a joint investment in technology. In the newly created COO role and the addition, a new site, to be constructed and appointment of Chambers created additional operated by CPIC, will be dedicated to the senior management capacity to accelerate manufacture of high-modulus glass fiber products progress on organic growth initiatives and in China. Global demand for such products is leverage scale across the company’s three expected to grow as this high-performance glass businesses. Chambers has been president of fiber product enables the construction of longer, the Roofing business since 2014. He returned stronger and lighter wind blades. to Owens Corning in 2011 having left the company when it divested the 2018 – July 3: David Weekley Homes, the largest Norandex/Reynolds distribution business. He privately held U.S. homebuilder, recognized the has nearly 15 years of service with the Insulation Business with a Partners of Choice company, including leadership positions in Award. This marks the second time the Insulation both the Roofing and Composites businesses. business, along with its network of contractors and distributors, has successfully achieved the 2018 – September 10: The U.S. Department elite "A, A" honor ('A' for quality, 'A' for service), of Energy honored the company for meeting and the sixth time the company has been its second set of energy intensity goals three recognized by David Weekley Homes. years early. In 2010, Owens Corning set a goal to reduce primary energy intensity 20 2018 – July 5: Owens Corning was recognized as percent by 2020. Through 2017, the company one of the world's most sustainable companies for already achieved a 26 percent reduction in the fifth consecutive year by sustainability primary energy intensity and a 20 percent investment specialist RobecoSAM. This reduction in consumed energy intensity. The recognition earned the company placement in reduction is the result of more than 1,125 RobecoSAM's 2018 Sustainability Yearbook. Its energy-use reduction projects at Owens score – within one percentage point of the top Corning sites around the globe since 2006. score globally – earned the company the Gold The Composites business earned the DOE Class distinction. RobecoSAM also named Owens 2018 Better Practice Award for its Energy Corning the Building Products Industry Leader, Team Challenge. with the company scoring highest in 13 of the 22 categories. Owens Corning also earned a spot on 2018 – September 13: For the ninth year in a the Supplier Engagement Leader Board by CDP, row, Owens Corning earned placement in the the non-profit global environmental disclosure Dow Jones Sustainability World Index for its platform. This recognition means the company sustainability performance. For the sixth was identified as a global leader for its actions straight year, Owens Corning was named the and strategies to manage carbon and climate Industry Leader for the DJSI World Building change across its global supply chain. Products group. DJSI World is an elite listing of the world's largest companies based on

88 long-term economic, environmental and social criteria. Owens Corning also earned placement on 2019 – January 22: Owens Corning earned a the Dow Jones Sustainability North America top grade as a global leader for corporate Index. This index includes the top sustainability action on climate change for the third straight leaders from the largest 600 North American year. CDP released its Climate Change A List companies in the S&P Global Broad Market featuring Owens Corning and other Index. companies that take action on the environment. As a top provider of climate 2018 – October 16: At the annual Composites and research, CDP holds companies and Advanced Materials Expo in Dallas, Owens governments accountable to reduce their Corning earned the Combined Strength Award greenhouse gas emissions, safeguard water from the American Composites Manufacturers resources and protect forests. Association for XSTRAND™ 3D printing filaments. The Combined Strength Award is 2019 – February 12: The Roofing business presented to a product that best uses a team introduced a tough new shingle designed to approach. To develop the product, Owens stand up to hail, wind and cold temperatures. Corning worked with Ultimaker, maker of 3D TruDefinition® Duration FLEX™ shingles printers, software and materials. made their official debut at the International Roofing Expo in Nashville, Tenn. They are 2018 – October 16: Owens Corning acquired a made with a proprietary blend of SBS polymer coated non-wovens plant in Blythewood, S.C. modified asphalt to perform in harsh weather Owned by Arclin Inc., the plant employed about conditions. SBS, which stands for styrene- 30 workers making coated non-woven products butadiene-styrene, makes the asphalt used used in gypsum and polyiso applications for the throughout the shingle more pliable. North American building materials industry. The plant is located halfway between two other Owens 2019 – February 20: Owens Corning said Corning non-wovens sites in Gastonia and Aiken. consolidated net sales for 2018 reached a record $7.1 billion. That is an 11 percent 2018 – October 25: Owens Corning became the increase over 2017 net sales of $6.4 billion. In first company to offer a formaldehyde-free addition, adjusted earnings before interest perimeter fire containment system in North and taxes were a record $861 million. All three America. The company introduced the system Owens Corning businesses delivered double- during the Facades+ trade show for building and digit EBIT margins. Full-year 2018 net design professionals. The system is made with earnings were $545 million, compared with Formaldehyde-Free Thermafiber® Firespan® and $289 million in 2017. Adjusted earnings in Safing™ mineral wool insulation. 2018 were $550 million, compared with $498 million in 2017. 2018 – November 15: The plant in Taloja, India, celebrated its expansion with an official light-off 2019 – January 3: Owens Corning announced ceremony. Owens Corning invested more than that the Board of Directors elected Brian $130 million in the facility. It rebuilt the plant's Chambers as the company’s next CEO, existing furnace and added a furnace in a effective April 18, 2019. Chambers was brownfield next to it. With the expansion, Taloja serving as president and chief operating will be the largest OC Composites plant in Asia- officer and had previously served as president Pacific. The project was completed with of the Roofing business since 2014. Thaman 3.8 million safe man-hours. said he will retire as CEO and remain with the company in the role of executive chairman of 2018 – December 12: The company ranked 36th the Board of Directors. in the 2018 list of America's most JUST companies and was the leader in the Building 2019 – February 26: For the second Materials and Packaging industry. In addition, it consecutive year, Owens Corning was made The Wall Street Journal Management Top recognized by the Ethisphere Institute as one 250 list. It was ranked 117th. of the 2019 World's Most Ethical Companies.

89 The Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, recognized Owens Corning again as one of four honorees in the Construction & Building Materials industry, underscoring its commitment to leading with integrity and prioritizing ethical business practices. The Ethisphere Institute honored 128 companies from 21 countries and 50 industries.

2019 – March 28: Owens Corning received a perfect score on the 2019 Corporate Equality Index. This is the 15th time the company has earned top marks. CEI is a key benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality. Owens Corning joins 570 other U.S. businesses that also received the highest rating this year.

2019 – April 18: Brian Chambers became the company’s eighth chief executive officer. His appointment to CEO took effect following the company's annual meeting in New York City. He assumes the role from Mike Thaman, who is retiring but will remain as executive chairman of the board. During his tenure at Owens Corning, Thaman helped lead the company through some tough times: Chapter 11 reorganization, the housing collapse in 2007 and the financial crisis of 2008-2009. The company also grew under his leadership. Adjusted earnings before interest and taxes were $328 million in 2008 and $861 million in 2018. Revenue increased by $2 billion to $7.1 billion in 2018.

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