Owens Corning Completes Sale of Russian Operations
TOLEDO, Ohio — Following its decision earlier this year to exit the Russian market, Owens Corning announced it has completed the sale of its operations in the country to Umatex, a Russia-based producer of carbon fiber and fiber-based items.
The transaction includes two manufacturing operations: a composites manufacturing plant in Gous-Khroustalny and an insulation manufacturing plant in Tver/Izoplit. For the nine months ended Sept. 30, 2022, net sales in Russia were approximately $85 million.