Owens Corning to Purchase Glass Fiber Bushing Facility
Owens Corning recently announced an agreement with Tanaka Kikinzoku Kogyo K.K. and Tanaka Kikinzoku International K.K. to purchase Tanaka Kikinzoku (Suzhou) Co. Ltd. (TKS). TKS is a producer of glass fiber bushings and other parts that service various glass industries in China. It will reportedly become a part of Owens Corning GlassMetal Services. The purchase only involves Tanaka’s TKS business; both Owens Corning and Tanaka have other bushing business concerns globally.
“The acquisition of TKS gives Owens Corning the ability to better serve China, which is the largest and fastest growing glass fiber country in the world,” said Arnaud Genis, president of the Owens Corning Composite Solutions business. “This completes Owens Corning’s global footprint of bushing facilities, which include additional locations in Singapore, the U.S., Brazil, and Russia, and services both internal Owens Corning needs and the needs of other glass fiber producers.”
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