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Shipping
Cruise liner supplier halts sales of deficient fire-resistant panels
...Paroc, which was acquired by New York-listed Owens Corning in 2018, first informed Fincantieri in May that it had lost its certification for these products, people with knowledge of the matter previously...
July 21, 2023
Shipping
Luxury cruise liner’s launch delayed as dozens of ships face potential safety hazard
...New York-listed Owens Corning, Paroc’s parent company, told the FT: “Paroc recently became aware of concerns related to one of its insulation product lines exclusively serving the marine industry.”...
July 7, 2023
FT Live
Investing in America
Foreign companies as drivers of US growth, resilience and competitiveness
Tuesday, 10 DecemberHybrid Conference
Property sector
US homebuilders defy interest rate rise as Buffett buys in
...BofA’s Jadrosich pointed to risks such as a recent increase in the price of insulation from supplier Owens Corning, which cited strong demand....
August 17, 2023
ESG investing
ESG put to the test in a high-inflation world
...Rathbones holds two US companies that should benefit from the rising demand for more sustainable buildings: Owens Corning, which provides building insulation; and Advanced Drainage Systems which is focused...
July 28, 2023
US & Canadian companies
Owens Corning in €900m deal to buy rival from CVC
...Owens Corning, the Ohio-based maker of roofing materials has agreed to buy rival Paroc from its private equity owner CVC Capital Partners in a deal worth €900m including debt....
October 30, 2017
Moral Money
Trump fundraiser backlash; EU green finance revs up; ESG myths busted
...Corning became the first US industrial company to issue a green bond with a $450m offering this week (Owens Corning) A massive underground salt deposit in Utah may provide a solution to the problem of storing...
August 14, 2019
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
US & Canadian companies
Insurers slip as Hurricane Michael makes landfall
...On Wednesday, Owens Corning shares climbed 3 per cent to $53.83, Beacon Roofing Supply shares rose 0.8 per cent to $33.60, Builders FirstSource shares climbed 1.5 per cent to $13.69....
October 10, 2018
Due Diligence
SoftBank tries last minute hardball in Sprint/T-Mobile talks Premium content
...Corning in €900m deal to buy rival from CVC (FT) Danaher to buy UK drug R&D software firm ID business solutions (Bloomberg) Alcohol industry targets pot with Constellation-Canopy deal (Bloomberg) Ex-Silver...
October 31, 2017
US equities
Amazon weakens on consumer flight fears
...Rising demand from the construction industry helped polish profits at Owens Corning, a maker of residential and commercial building materials....
February 12, 2014
US & Canadian companies
WR Grace to emerge from bankruptcy after 12 years
...Major building materials makers including Owens Corning and USG Corp, among others, also filed for bankruptcy under the weight of asbestos litigation....
December 24, 2013
European companies
Reed Elsevier picks Duncan Palmer for CFO
...Mr Palmer has spent five years with Owens Corning, the NYSE-listed fibreglass company that made about $700m of disposals and cut about $300m from costs during his tenure....
August 15, 2012
Climate change
Sustainability eyes its own corner office
...The answer: “I found just two CSOs: David Clary from Albermarle Corporation and Frank O’Brien-Bernini from Owens Corning.”...
January 3, 2011
World
Construction market woes leave insulation in the cold
...“If you’re looking for a pure-play [insulation company], Owens Corning would be your best bet.”...
November 25, 2009
Climate change
Sustainable funds face a power struggle
...So, Jupiter’s green fund range invests in companies such as Owens Corning, a provider of insulation materials....
April 10, 2009
Mergers & Acquisitions
Sarkozy woos UK and US investors
...“Western Europe has companies that are complimentary to our global growth strategy,” says Jason Saragian, a spokesman of Owens Corning, a US-based manufacturer of building materials....
August 7, 2007
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
LexWorld
Calpine bankruptcy
...US courts have tended to respect the independence of subsidiaries, ruling in the 2005 Owens Corning case that consolidation plans must benefit all creditors....
October 17, 2007
Capital markets
Court favours loans over bond holders
...The US Supreme Court on Monday effectively ended a tussle between different creditors of Owens Corning, the bankrupt fibreglass manufacturer, appearing to uphold the seniority of guaranteed loans over unsecured...
May 1, 2006
Capital markets
US lenders welcome court decision
...Owens Corning will now have to produce a new plan to repay its creditors....
August 17, 2005
Markets
On Wall St: Ruling raises alarm
...The banks were surprised by the judge's determination because the loans they had extended to Owens Corning were unsecured, but guaranteed by the company's subsidiaries....
January 14, 2005

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