JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 19
glass fibre BUSlNESS
The year begins well
Owens Corning got off to a good start for 2017 with soaring sales. This is good
for its bottom line, and for our industry in general. Among the sectors featured
at the latest JEC World last March, Owens Corning focused on construction and
automotive. Here is a rundown and an interview with Arnaud Genis, President
of Owens Corning's Composite Solutions Business.
O
wens Corning published its quarterly
results at the end of
April. Its net sales for the period increased 20% over the
same period of the previous
fiscal year, and its net profits increased by 77% groupwide. While all group business units - Composites,
Insulation and Roofing -
show an increase, their individual financial situations
are quite different.
Upturn in all business units
During the first quarter
2017, the Roofing Business
Unit's sales shot up by 46.1%
to US$627 million. Sales in
the Composites Business
Unit rose by 8% to US$511
million, and in the Insulation
Business Unit, by 3.6% to
US$399 million (Figure 1).
Owens Corning is maximizing the growth of these markets.
Earnings before interest and
taxes (EBIT) for each business unit was as follows:
for Roofing, US$125 million, or a 71.2% increase; for
Composites, US$71 million
or a 10.9% increase; and for
Insulation, US$5 million, or
a 61.5% decrease (Figure 2).
For 2017, Owens Corning is
banking on a favourable economic environment with a
What is the current situation
of the Owens Corning
Composite Business?
arnaud Genis,
President of the Owens Corning
Composite Solutions Business,
Toledo, Ohio, USA
Arnaud Genis: We've
seen a spurt of growth in
our industry since OctoberNovember 2016, with strong
sales in all regions, even
China. The American market
has accelerated the most. It
had slowed down following
Fig.1: Owens
Corning net
sales per
business unit
for 2017Q1 in
million USD
Fig.2: Owens
Corning EBIT
per business
unit for
2017Q1 in
million USD
the slump in the oil & gas
market and the deflation in
commodity prices, but is
taking off again. The second
quarter 2016 was not good,
but the situation has vastly
improved. In February 2017,
we even observed some
supply tension in the market.
We have good momentum
in general, and more
N°114 July 2017 /
particularly compared to
other
materials
including
new solutions with real cost/
performance optimums benefits.
Which are the buoyant
sectors and the ones with
prospects?
A.G.: We've identified
automotive and infrastruc-
jec composites magazine
19
Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #114 - July 2017
Cover
Edito
Opinion: Composite music
Contents
NEWS
In brief
Raw materials
Agenda
BUSINESS
Thermoset resin - Part B
Glass fibre
Construction
MANUFACTURING
Control
Out-of-autoclave
Recycling
Feature Sports & Leisure - Composites: the key to performance?
Software
CFRP
Simulation
Golf
Biocomposites
Natural fibre
SOLUTIONS
Infrastructure
Roofing and siding
In the world
TECHNOLOGY
Software
A novel physics node for Nakamura crystallization kinetics
Index
Advertisers
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 60
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Cover
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 2
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Edito
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Opinion: Composite music
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 5
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Contents
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 7
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - In brief
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 9
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 10
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Raw materials
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - AD1
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - AD2
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 12
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - AD3
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - AD4
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 13
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Agenda
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Thermoset resin - Part B
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 16
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 17
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 18
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Glass fibre
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 20
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Construction
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 22
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 23
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Control
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 25
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 26
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 27
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Out-of-autoclave
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 29
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Recycling
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 31
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 32
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Software
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 34
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - CFRP
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 36
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Simulation
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Golf
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 39
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Biocomposites
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 41
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Natural fibre
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 43
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 44
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - AD5
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - AD6
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - SOLUTIONS
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 46
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 47
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Infrastructure
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Roofing and siding
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - In the world
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Software
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 52
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 53
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - A novel physics node for Nakamura crystallization kinetics
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 55
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 56
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - 57
JEC COMPOSITES MAGAZINE - Issue #114 - July 2017 - Advertisers
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