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The global producer of glass fiber reinforcements for composite systems, announced that it has signed an agreement with AGY, a leading global producer of glass fiber yarns and high-strength glass fiber reinforcements, to better serve and grow the composites market with S-Glass reinforcements.
Owens Corning will license its S-Glass technology exclusively to AGY, which will assume commercial and operating responsibility for all of Owens Corning's S-Glass-related business effective August 1, 2014."This agreement enables our customers to benefit from AGY's global leadership in S-2 Glass while realizing the full potential of Owens Corning's S-Glass technology," said Steven Vermeulen, vice president and managing director of Owens Corning's Engineered Solutions business. "For Owens Corning, this agreement provides the opportunity to better realize the value of S-Glass technology, while at the same time allowing us to focus more intently on core products and initiatives."Owens Corning S-Glass products will serve as a natural complement to AGY's existing S-2 Glass business and the agreement will enable AGY to leverage Owens Corning's global market development expertise to grow demand, particularly in the area of S-Glass engineered thermoplastics.More information: www.owenscorning.com