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In 1985, Owens-Corning acquired Aerospace and Strategic Metals Group in Newport Beach, California for $415 million from Armco Inc. [16] [17] The color PINK was trademarked through Owens-Corning in 1986, making it the first company to trademark a color. By 1990, Owens-Corning was the defendant in about 84,500 asbestos-related lawsuits.
The product that is known today as Foamglas cellular glass insulation, was developed by Pittsburgh Corning and was later acquired by Owens Corning. It is made of cullet, foaming agent, modified additive and foaming accelerator. After fine pulverization and uniform mixing, it is melted at high temperature, foamed and annealed.
Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959, until March 12, 1987. The company was added to the S&P 500 Index in January 2009. Owens-Illinois was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by KKR), added in 1991 and removed again in 2000. [7]
Vycor is the brand name of Corning's high-silica, high-temperature glass. It provides very high thermal shock resistance. Vycor is approximately 96% silica and 4% boron trioxide, but unlike pure fused silica, it can be readily manufactured in a variety of shapes. [citation needed] Vycor can be subject to prolonged usage at 900 °C. [1]
From January 2008 to December 2012, if you bought shares in companies when W. James McNerney, Jr. joined the board, and sold them when he left, you would have a -0.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.
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