Owens Corning sells StaMax share to SABIC. (In Brief).SABIC SABIC Saudi Basic Industries Corporation SABIC Sample-Band Image Coding (currency counterfeit deterrence technique) EuroPetrochemicals of Geleen, Netherlands, will acquire the 50% ownership in StaMax BV held by Owens Corning Owens Corning Corporation is the world's largest manufacturer of fiberglass and related products. It was formed in 1935 as a partnership between two major American glassworks, Corning Glass Works and Owens-Illinois. The company was spun off as a separate entity November 1, 1938. of Toledo. The StaMax joint venture was formed in 1999 between OC and DSM 1. DSM - Data Structure Manager. An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. of the Netherlands. It produces long-glass polypropylene injection molding injection molding n. A manufacturing process for forming objects, as of plastic or metal, by heating the molding material to a fluid state and injecting it into a mold. compounds. SABIC, based in Saudi Arabia, bought DSM's engineering plastics business, including its share of StaMax BV, in 2002. SABIC will use OC's patented process and proprietary glass fiber to produce StaMax P materials under license from OC and will have exclusive sales and marketing rights in Europe. OC will have sales and marketing rights in North America. |
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