Executive Salary
avg.$139,467
Owens Corning
Production and Processing of Raw Materials/Extraction, Processing of Rock and Soil/Glass Processing, Refining, Glass Fibers
Toledo, IA, United States
Description
Owens Corning, founded in 1938 and headquartered in Toledo, Ohio, is a publicly traded company operating in the building materials industry. The firm develops, manufactures, and markets insulation, roofing, and fiberglass composites for residential, commercial, and industrial markets. With approximately 25,000 employees, Owens Corning generated an estimated $10.98 billion in revenue. Its products cater to a diverse customer base, including businesses and consumers across multiple sectors. The company’s portfolio emphasizes innovative solutions for building and construction needs, serving markets throughout the United States and beyond.
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Company Trajectory
Founded in 1938, Owens Corning is headquartered in Toledo, Ohio, United States, and has established itself as a leader in the manufacturing and sale of fiberglass insulation products. Over time, the company has expanded its product offerings to include insulation, roofing, and composite materials for diverse applications. Key milestones in its history include significant market expansions and the development of various subsidiaries, positioning Owens Corning as a major player in the global building materials industry. Looking ahead, the company continues to leverage its legacy in innovation to maintain its market relevance and pursue new growth opportunities.
Financial Setup
Owens Corning is a publicly traded company that operates with a robust financial structure and a global footprint. Employing approximately 25,000 people, the company serves both business (B2B) and consumer (B2C) markets with a business model centered on developing, manufacturing, and marketing insulation, roofing, and fiberglass composites for the residential, commercial, and industrial sectors. Its strategic financial evolution reflects consistent reinvestment in core operations and commitment to serving a broad customer base.
Development & Outlook
In recent years, Owens Corning has broadened its product portfolio to encompass insulation systems, composite solutions, as well as roofing and asphalt materials. The company is known for its investment in research and development, evidenced by numerous patents related to insulation, roofing, and composites. Sustainability remains a priority, highlighted by the implementation of a 2.7-megawatt solar power system at its Delmar, New York, facility, and a shingle recycling program launched in 2009. Owens Corning’s recognition on the Dow Jones Sustainability World Index for six consecutive years underscores its commitment to responsible business practices as it continues to innovate and enhance its reputation in the industry.