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Johns Manville Announces Additional Capacity for Microfiber by April 2011

Addresses Growing Demand and Customer Needs by Adding Capacity

Monday, March 14, 2011 12:14 pm MDT

Dateline:

DENVER
"We invested in bringing the additional capacity online in order to better serve our customers’ needs as well as the growing demand in the market for our world-class products."

DENVER--(BUSINESS WIRE)--Johns Manville (JM), a leading global manufacturer of energy-efficient building products and engineered specialty materials, today announced they are bringing online previously shutdown capacity in order to better serve the overall market demand for Microfiber.

“For over 150 years, JM has been committed to meeting the needs of our valued customers,” noted J.P. Blanchard, Global Manager of the Filtration and Specialty Nonwovens Business. “We invested in bringing the additional capacity online in order to better serve our customers’ needs as well as the growing demand in the market for our world-class products.”

The capacity will be out of the company’s Waterville, Ohio facility and the new assets will immediately increase the supply of some products by as much as 35 percent. Furthermore, additional capacity is available that will be activated in a second phase as demand dictates. The primary markets for Microfiber are High Efficiency Air Filtration and Absorptive Glass Mat Battery Separators.

“JM is committed to serving our customers and has dedicated substantial resources to underscore our commitment to the Microfiber’s business as the markets return,” noted Bob Wamboldt, Vice President and General Manager of Engineered Products North America. “This is the right time to make investments in additional capacity and fulfill the needs of the market and our customers.”

“The current schedule is for capacity to be running in April with supply available to our customers soon thereafter,” noted Blanchard. “We are committed to growing with our customers and to supporting their global operations now and for the long-term.”

About Johns Manville

Johns Manville, a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality products for building insulation, mechanical insulation, commercial roofing, and roof insulation, as well as fibers and nonwovens for commercial, industrial and residential applications. JM serves markets that include aerospace, automotive and transportation, air handling, appliance, HVAC, pipe and equipment, filtration, waterproofing, building, flooring, interiors and wind energy. In business since 1858, the Denver-based company has annual sales of approximately $2 billion and holds leadership positions in all of the key markets that it serves. JM employs approximately 6,500 people and operates 41 manufacturing facilities in North America, Europe and China.

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Contact:

Johns Manville
J.P. Blanchard, 248-693-8477
jp.blanchard@jm.com
or
Robin Hervig, 303-978-3404
Robin.Hervig@jm.com