Owens Corning partners with BASF and TenCate for thermoplastic automotive composites

Thu Mar 14, 2013 8:30am EDT

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Three global leaders partner to deliver global solution to create lighter,
stronger, more durable, and environmentally efficient vehicles
TOLEDO, Ohio,  March 14, 2013  /PRNewswire/ -- Owens Corning (NYSE: OC), the
leading global producer of glass fiber reinforcements for composite systems,
today formally announced its inclusion in a strategic alliance with BASF and
TenCate Advanced Composites. The goal of the alliance is to develop optimal
solutions in thermoplastic composites for automotive mass production.  

According to Owens Corning Group President  Arnaud Genis, "There is a critical
and growing need in the automotive industry to have lighter, stronger and more
environmentally efficient products.  Glass fiber solutions are not fully
leveraged and by combining the talent and resources of Owens Corning, BASF and
TenCate - all industry leaders - we will be able to take significant weight out
and find the optimum solutions for our customers quickly, and with the highest
quality design and structure."

Strategic alliance

In this strategic alliance:

* BASF contributes comprehensive knowledge in the production and formulation of
thermoplastic resins,  
* TenCate Advanced Composites brings its expertise in composites manufacturing,
and  
* Owens Corning brings the technology to develop superior and tailor made
fabrics and glass reinforcement solutions.

"A dramatic reduction in processing cost will be essential for the success of
composite materials in automotive lightweight construction," explains Dr. 
Martin Jung, Head of Structural Materials Research and spokesman for BASF
Research toward the automotive industry.  Jung continues, "Continuous fiber
reinforced thermoplastic composites, such as tapes and laminates used in
thermoforming processes, have huge potential for structural parts. By working
together with Owens Corning and TenCate we form a strong alliance for the
development of these thermoplastic composites."  

Dave Clark, Global Group Director of TenCate Advanced Composites, states:  "The
alliance with Owens Corning, BASF and TenCate combines leading glass fiber,
resins and thermoplastic prepreg technology which is essential for enhancing
innovation power and building a reliable supply chain for automotive
composites."

Global emission standards for vehicles continue to increase the need for lighter
vehicles that maintain strength and durability.   Compared to metal parts, fiber
reinforced plastic composites can be 30 to 50 % lighter. Thermoplastic
composites help increase fuel efficiency in automobiles and reduce costs for
consumers. Thermoplastic processing also dramatically reduces production cycle
times.  Additionally, these products have no limitations in shelf life and can
be recycled.    

Owens Corning  (NYSE: OC) 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 58 consecutive
years, Owens Corning is committed to driving sustainability by delivering
solutions, transforming markets and enhancing lives.  Celebrating its 75th
anniversary in 2013, Owens Corning is a market-leading innovator of glass-fiber
technology with sales of  $5.2 billion  in 2012 and approximately 15,000
employees in 27 countries on five continents.  Additional information is
available at  www.owenscorning.com.

TenCate Advanced Composites  is a leader in the development and production of
thermoplastic and thermoset prepreg composites for various industries. Its
product portfolio is incorporated into automotive products, medical equipment
and numerous other applications. TenCate Advanced Composites has production
facilities and operations in  North America,  Europe  and  Asia.  

Additional information is available at  www.tencateadvancedcomposites.com

Royal Ten Cate  (TenCate) is a multi-national company that combines textile
technology with related chemical processes and material technology in the
development and production of functional materials with distinctive
characteristics. Products of TenCate are sold worldwide. Systems and materials
from TenCate come under four areas of application: safety & protection, space &
aerospace, infrastructure & the environment, and sport & recreation. TenCate
occupies leading positions in protective fabrics, composites for space and
aerospace, anti-ballistics, geosynthetics and synthetic turf. TenCate is listed
on the NYSE Euronext (AMX).  Additional information is available at 
www.tencate.com

About BASF  
BASF is the world's leading chemical company: The Chemical Company. Its
portfolio ranges from chemicals, plastics, performance products and crop
protection products to oil and gas. We combine economic success with
environmental protection and social responsibility. Through science and
innovation, we enable our customers in nearly every industry to meet the current
and future needs of society. Our products and solutions contribute to conserving
resources, ensuring nutrition and improving quality of life. We have summed up
this contribution in our corporate purpose: We create chemistry for a
sustainable future. BASF posted sales of €78.7 billion in 2012 and had more than
113,000 employees as of the end of the year. BASF shares are traded on the stock
exchanges in  Frankfurt  (BAS),  London  (BFA) and  Zurich  (AN). Further
information on BASF is available on the Internet at  www.basf.com.



SOURCE  Owens Corning


TenCate Corporate, Media Contact: Frank Spaan Telephone: +31 (0) 546544977,
Mobile: +31 (0) 612961724, media@tencate.com; BASF, Media contact: Sabine
Philipp Telephone: +49 (0) 621 60 43348, sabine.philipp@basf.com; Owens Corning,
Media Contact: Kelly Donaghy, Telephone +01 419-343-0207,
kelly.donaghy@owenscorning.com

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