Owens Corning Growth Strategy Focuses On Sustainability

Owens Corning has launched a growth strategy rooted in its mission of building a sustainable future through material innovation. The strategy significantly expands its current addressable markets by capitalizing on key secular trends to create new opportunities for growth. This strategy is expected to generate stronger, more consistent financial results by strengthening the company’s position in core building and construction products; expanding to provide more multi-material solutions; and developing prefabricated building solutions that are more energy efficient, more sustainable, and more cost-effective than those built on-site. This strategy capitalizes on the strength of each business and leverages a core set of enterprise capabilities, unique material science expertise, and leading market positions to create value for customers and shareholders. In composites, the company is pivoting the business to focus on high-value material solutions within the building and construction, renewable energy, and infrastructure markets by leveraging its glass fibre material science technology. Within insulation, it continues to invest in new product platforms and innovations that position the company as a leader in driving net-zero solutions. In roofing, the company is focused on expanding its extensive contractor network, innovating new products, and growing its roofing components product offering to drive above-market growth in the business going forward.