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Johns Manville Unveils Investment Plans for Glass Fiber Production in Trnava, Slovakia

Thursday, July 14, 2011 11:57 am MDT

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TRNAVA, Slovakia
"With our commitment to innovative growth and the financial stability provided by being a part of the Berkshire Hathaway family of businesses, our Fibers business is set to make its mark while supporting the growth agenda of our customers"

TRNAVA, Slovakia--(BUSINESS WIRE)--Johns Manville (JM), a market-leading manufacturer of glass fiber products, today announced plans to expand current fiber production capacities in its Trnava, Slovakia facility. In 2004 Johns Manville invested in a European greenfield project to produce glass fibers and today the expansion plan announcement for its European production in Slovakia demonstrates clearly its commitment to the European composites business.

Enno Henze, vice president and general manager for Engineered Products Europe/Asia stated, "We feel confident that this major investment will continue to support our customers' plans for growth and underscores JM's commitment to growing the composites industry. Additionally, it highlights our drive to enhance customer relationships, product innovation and service excellence."

Further trends in light-weight materials to improve fuel efficiency will further support composites growth and require investments in both thermoplastic and thermoset materials. JM’s emphasis on product and application development innovation in the past decade has clearly delivered growth for its offerings in ThermoFlow® chopped strands and StarRov® LFT Roving for thermoplastic compounds. In the thermoset segments, the company will continue to support growth with StarRov® Roving for continuous glass reinforcement and MultiStar® Roving for choppable glass strands used in selected market segments.

The expanded furnace, due to start up in the fourth quarter of 2012, will enable added production flexibility within JM’s product families and expand the production of selected products by as much as 40 percent. “With our commitment to innovative growth and the financial stability provided by being a part of the Berkshire Hathaway family of businesses, our Fibers business is set to make its mark while supporting the growth agenda of our customers," said Henze.

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. Additional information can be found at www.jm.com and www.jmfibers.com.

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Johns Manville Trnava, Slovakia plant. (Photo: Business Wire)
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Contact:

Johns Manville
Philippe Bekaert, +32 479 980 677
fibers@jm.com