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April 27, 2018, Owens Corning announced the completion of its acquisition of China Shi Guangde up rock wool Manufacturing Co
.
? Guangde Shida Rock Wool Manufacturing Co.
, Ltd.
mainly produces various types of construction and other special application rock wool products.
The company's sales in 2017 were approximately RMB 60 million
.
In China, rock wool has become one of the main insulation materials due to its own specific life protection and fire protection properties
.
• Mr.
Julian Francis, President of Owens Corning Insulation Materials Division, said: “We are optimistic about the company’s future business growth potential and market influence in China’s medium-temperature construction and high-temperature industrial applications
.
This successful acquisition has further promoted our three global markets .
The sustainable strategic development of the large insulation market
.
” Mr.
Wei Zhiyuan, the company’s vice president and managing director of the Asia Pacific region, said: “We are very pleased that this acquisition has enabled us to further expand the production capacity of rock wool products in China
.
Owens Corning has a leading position.
With the building science knowledge and ability, the company will continue to promote the maximum development of rock wool in the Chinese market in the future, create maximum value for the growing needs of customers, and always provide everyone with excellent insulation solutions and quality services
.
"? Owensko Ning has always been committed to investing in and developing the Chinese market.
After the acquisition of Guangde Shida, Owens Corning will increase its production bases of insulation products in China to seven, and can provide customers with insulation materials covering the full temperature range, including glass Products such as cotton, extruded foam board, rubber, foam glass and rock wool
.
.
? Guangde Shida Rock Wool Manufacturing Co.
, Ltd.
mainly produces various types of construction and other special application rock wool products.
The company's sales in 2017 were approximately RMB 60 million
.
In China, rock wool has become one of the main insulation materials due to its own specific life protection and fire protection properties
.
• Mr.
Julian Francis, President of Owens Corning Insulation Materials Division, said: “We are optimistic about the company’s future business growth potential and market influence in China’s medium-temperature construction and high-temperature industrial applications
.
This successful acquisition has further promoted our three global markets .
The sustainable strategic development of the large insulation market
.
” Mr.
Wei Zhiyuan, the company’s vice president and managing director of the Asia Pacific region, said: “We are very pleased that this acquisition has enabled us to further expand the production capacity of rock wool products in China
.
Owens Corning has a leading position.
With the building science knowledge and ability, the company will continue to promote the maximum development of rock wool in the Chinese market in the future, create maximum value for the growing needs of customers, and always provide everyone with excellent insulation solutions and quality services
.
"? Owensko Ning has always been committed to investing in and developing the Chinese market.
After the acquisition of Guangde Shida, Owens Corning will increase its production bases of insulation products in China to seven, and can provide customers with insulation materials covering the full temperature range, including glass Products such as cotton, extruded foam board, rubber, foam glass and rock wool
.
