TN: Owens Corning Announces $22 Million Investment in Memphis Operations
10 Jan, 2010
Owens Corning, along with the Greater Memphis Chamber and the State of Tennessee, is pleased to announce the expansion of its Memphis operations.
Owens Corning will invest $22 million into its North Memphis facility, located at 704 Corrine Ave. The site currently produces residential and commercial roofing strip shingles, and employs 92 people.
The investment will create 15 new jobs, and allow Owens Corning to expand the site's manufacturing capability to include aesthetically pleasing, higher-style laminates. Company officials said the expansion will be completed early next year, at which time its Memphis site will produce Owens Corning's Classic, Supreme, Oakridge, Duration and Duration Premium shingles.
Owens Corning is a leading global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems. A Fortune 500 Company for 55 consecutive years, Owens Corning is committed to driving sustainability by delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass-fiber technology with sales of $6 billion in 2008 and about 16,000 employees in 30 countries on five continents. Additional information is available at www.owenscorning.com.