Owens Corning Focuses on Composites Growth in Veil Technologies

Apeldoorn, the Netherlands, 4 September, 2003 – Owens Corning announced today the opening of a €30 million manufacturing expansion to its composites Veil Technologies Facility in Apeldoorn, the Netherlands. Designed to support the company’s global growth strategy in the specialty non-wovens market, this addition doubles the capacity of the facility’s supply of glass non-woven mat to the worldwide customer base. The company’s executive leadership team, local and international dignitaries, customers and employees of the facility were in attendance for the grand opening ceremony.

Owens Corning is a leading global provider of specialty non-wovens to the construction and composites industries. “Key growth drivers for this business are focused product innovations and continuous market driven application development,” said Raymund Trost, vice president of OC™ Veil Technologies. Trost added that the new line features the latest innovations in non-woven process technologies, providing increased capabilities to service customers on a global scale.

This investment has also increased the Apeldoorn workforce by approximately 30 percent. In addition to the new production line, the expansion also includes a new warehouse and office accommodations.

Owens Corning Chief Executive Officer Dave Brown stated that the Apeldoorn expansion clearly demonstrates Owens Corning’s commitment to grow global market share. “The expansion at the Apeldoorn facility demonstrates our rapid growth and leading technological advances in the non-wovens and composite materials industry. This new investment offers profitable growth opportunities for OC™ Veil Technologies customers and reinforces our position as a global leader in the growing composites industry,” said Brown.

Owens Corning veil product offerings provide dimensional stability, unique aesthetics, resistance to fire, and acoustical performance. Demand for this product line has rapidly increased due to the customization of the product to meet individual customer needs. Owens Corning’s technical and marketing network provides worldwide products and services that continue to meet and exceed customer expectations.

Owens Corning Launches Multiple Composite Offerings at JEC 2003

PARIS, 1 April 2003 – Owens Corning’s Composite Solutions Business is introducing six new composite products at the 2003 JEC, including three Single End (Type 30®) rovings, OC® FM 8686 continuous filament mat, OC® VL 8101 glass reinforcement mat and an OC™ Veil Technologies reinforced composite core. A leader in the global composites industry, Owens Corning is putting significant focus on four key market segments that present tremendous growth opportunities for the company and its customers: automotive, wind energy, marine and thermoplastics.

Biography David T. Brown, President & Chief Executive Officer Owens Corning

David T. Brown was named Owens Corning’s president and chief executive officer effective April 19, 2002. Preceding this appointment, Brown was the chief operating officer for the company, where he was responsible for all operating businesses of Owens Corning worldwide.

Biography Richard D. Lantz, President Composite Solutions Business Owens Corning

Richard D. Lantz was named president of Owens Corning’s global Composite Solutions Business in November 2001. As president, Lantz oversees all aspects of the business, from manufacturing to sales.

Biography Raymund Trost, Vice President and General Manager DUCS, Veil Technologies and Telecommunication Solutions Composite Solutions Business Owens Corning

Raymund Trost was named general manager of Owens Corning’s Veil Technologies and Telecommunication Solutions segments in July of 2000 and vice president in January 2002. In January 2003, Trost was also charged with the oversight of Owens Corning’s Global Dry Use Chopped Strand (DUCS) business segment.