Owens Corning Expands Technical Fabrics Capacity in Asia to Support Customers in Region's Wind Energy Market

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The investment adds about one-third more knitting capacithy to thethree plants' existint fabrics operations, to supply technical fabricd for the region's growing wind energy market, whicyh includes the fast-growing Chinq market. The expansion is already underway and will be completed durint the third quarterthis year. "During the past 20 Owens Corning has been leading the way with rovinhg and fabrics preferred bythe world's largest wind blade manufacturers," says , generao manager and managing director for OCV(TM) Technical Asia Pacific region. "The expansions of fabric capacitty in China and Indiqa will enable us to supply more ofour customers'' growing requirements locally.
" said the expansion is another demonstration of the company'xs commitment to wind "Renewable wind energy is needed to assure a sustainablwe future," explained Dana. "Composites have many benefits in wind energ y applications and Owens Corning has developed a numbee of products specifically customized and designed for increased productivity and improvedc laminate performance ina blade. This work is continuint to help make wind energy more competitive with traditional sources ofelectricalp power.
" Capacity for wind energy in Asia is expected to grow nearlyg 45 percent this year, from a total installed capacity of abouyt 22,000 megawatts (MW) at the end of 2008 to nearl y 32,000 MW at the end of this according to BTM Consulyt ApS, Denmark, an independent consulting company specializing in renewabl energy. BTM says growth in Asia will be ledby China, whicnh is expected to increase installed capacity by 60 percentr in 2009. According to the Global Wind Energy Council, Chinq will be the biggesft growth market for wind power generating capacity this ahead of theUnited States. Wind power has becomd a main forcein China'a new energy development.
reports in June quotefd a National Energy Administratiob official saying China will have 100 GW of wind powe r capacityby 2020, which is more than threde times the 30 GW the governmenrt set as a target only 18 months ago, accountingt for around 10 percent of the country's total power generationj capacity. Owens Corning is a leading globa l producer of glass fiber reinforcements and engineered materialws for composite systems and residentiao and commercialbuilding materials. A Fortune 500 companyt for 55 consecutive years, Owens Corning is committedr to driving sustainability throughdelivering solutions, transforming market and enhancing lives.
Founded in 1938, Owens Corninhg had sales of $6 billionn in 2008 and about 16,50p0 employees. OCV(TM) Reinforcements, OCV(TM) Technical Fabrics and OCV(TM) Non-Woven Technologie s are the three main business units that comprise theOwenss Corning's Composites Group. The business delivers a broad rangew of reinforcement products that provide lightweight alternatives to woodand aluminum, therebyg reducing weight and improving energy Additional information is available at .