Document 3JpxpkJro77KZKNwV1qe8rjGE

WALL STREET JOURNAL Thursday, September 22, 1994 Owen^Corning FitegUu^l Invents a New Pro&u*?/K >5 8y aWau. Utmost'joaw*i. Staffkepirtier ^ Oweas-Corntiig F&etgUs it invented a new'.felass-^w'at&t'is lighter, stronger,' nre* compact-and cheaper to make than regular fibergiass and gives the company a unique prpdoe? in the M biBiooa-year insulation Indus* try. ..'.' . . .' Owens said lbs Mirafiex glass fiber. shows it to make home insulation that's easier for consumers to install aod*ialH die and ft? retailer* to stock s&ce*&t requires; less titan half the shelf^iaop; ot regular glass-fiber insulation,'TM^ Toledo, Ohio, company said Wraflefc libers are made frn/a toiitg of two kinds of glass ntertats^->*;-L Glen Hieer, Qwcns<orning's chair maa and dUef* executive nfikes* said* Mlraflex required 20 months and SSO million.to devefcp. That tadtides $25 million for anew plant in Mount Vernon. Ohio, which 1$ to start production of the new product next week for salejsext month:in Canada;' and then early tkxC yearjn Ore U.S. Asecood^i^is tobein operationby 1936." *, Mr. Kiuer said he expects the:new , product to add only about S3> million to i the company's $3.3 btihoB in safes. He j said Us impacton revenue wi be greater oett-useS'Outs&atfee iastdMioo^u^iKes .arefound. " WV-03635