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In 1977, Owens-Corning acquired Frye Roofing and began production of fiberglas mat to replace traditional paper mat used in roofing. [13] Owens-Corning sales surpassed $1 billion in 1976, and sales were over $2 billion by 1979. In 1980, Owens Corning entered into a long-standing agreement to use the Pink Panther as its brand mascot.
Shingle fabrication was revolutionized in the early 19th century by steam-powered sawmills. Shingle mills made possible the production of uniform shingles in mass quantities. The sawn shingle of uniform taper and smooth surface eliminated the need to hand dress. The supply of wooden shingles was, therefore, no longer limited by local factors.
A shingle roof in Zakopane, Poland. With an area of 6000 m 2 (1½ acres), it was one of the largest wooden shingle roofs in Europe. A roof’s shingles are a roof covering consisting of individual overlapping elements. These elements are typically flat, rectangular shapes laid in courses from the bottom edge of the roof up, with each successive ...
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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]
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