Owens Corning to Invest $90 Million in New Missouri Plant

Noria news wires

Owens Corning recently announced plans to open a new manufacturing facility in Joplin, Missouri. The plant will manufacture Thermafiber mineral wool insulation for commercial, residential and industrial applications.

The company will move into a 303,000-square-foot facility and invest nearly $90 million to purchase and install equipment at the site. Owens Corning expects the plant to be fully operational in 2016. The project is expected to create more than 100 jobs.

"Our new location puts us close to attractive markets and accessible raw materials, a decision we believe will result in higher productivity and an increase in efficiency," said Julian Francis, president of Owens Corning Insulation. "As demand for mineral wool increases, we will need many hands on deck to fulfill orders, and we are eager to tap into the state's talent."

The Joplin facility will support the company's growth opportunities in the North American construction markets.

The city of Joplin, the Joplin Area Chamber of Commerce, Carl Junction School District, Jasper County and the Missouri Partnership are assisting with the company's expansion.

A global manufacturer of insulation, roofing and fiberglass composites, Owens Corning employs 15,000 people in 26 countries. The company posted net sales of $5.3 billion in 2014.

For more information, visit www.owenscorning.com.

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