Date:04/08/2006 URL: http://www.thehindu.com/2006/08/04/stories/2006080404142003.htm

Business - Briefly

Owens & Saint-Gobain to merge some businesses

NEW DELHI: Owens Corning and Saint-Gobain jointly announced that they are in discussions to merge Owens Corning's reinforcements business and Saint Gobain's reinforcement and composites businesses (a part of the entity known as Vetrotex) into a new company to be called Owens Corning-Vetrotex Reinforcements. The partnership of these two businesses would establish a global company in reinforcements and composite fabric products. According to a release, the new company would have operations across Europe, North and South America and Asia.