| Business Summary | | Owens
Corning
serves
consumers
and
industrial
customers
with
building
materials
systems
and
composites
systems.
Owens
Corning
operates
in
two
operating
segments,
which
include
Building
Materials
Systems
and
Composite
Systems.
The
products
and
systems
provided
by
its
Building
Materials
Systems
segment
are
used
in
residential
remodeling
and
repair,
commercial
improvement,
new
residential
and
commercial
construction,
as
well
as
other
related
markets.
The
products
and
systems
offered
by
its
Composite
Systems
segment
are
used
in
end
use
markets,
such
as
building
construction,
automotive,
telecommunications,
marine,
aerospace,
energy,
appliance,
packaging
and
electronics.
Many
of
Owens
Corning's
products
are
marketed
under
registered
trademarks,
including
Propink,
Advantex,
Miravista
and/or
the
color
Pink. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Owens
Corning
produces
and
sells
glass
wool
fibers
formed
into
thermal
and
acoustical
insulation
and
air
ducts.
OWC
also
produces
and
sells
glass
fiber
rovings,
mats
and
veils.
Net
sales
for
the
six
months
ended
6/01
fell
10%
to
$2.31
billion.
Net
income
applicable
to
Common
totalled
$19
thousand
vs.
a
net
loss
of
$377
thousand.
Revenues
reflect
lower
volume
and
lower
pricing
in
the
Building
Materials
Business.
Earnings
reflect
the
absence
of
$790
million
in
asbestos
claims
provision. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Glen Hiner, 65 Chairman
and CEO | $6.5M | Michael Thaman, 35 CFO | -- | David Brown, 51 COO | 1.4M | Maura Abeln Smith, 44 Sr.
VP, Gen. Counsel and Sec. | 1.9M | Domenico Cecere, 50 Sr.
VP | 1.9M | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|