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OWENS-CORNING CORPORATE STEWARDSHIP EMPHASIZES PRODUCT SAFETY, INNOVATIVE TECHNOLOGY

 OWENS-CORNING CORPORATE STEWARDSHIP EMPHASIZES PRODUCT SAFETY,
 INNOVATIVE TECHNOLOGY
 NEW YORK, Oct. 21 /PRNewswire/ -- A commitment to corporate stewardship that assures attention to product safety and stimulates problem-solving technology was reaffirmed here today by Owens-Corning.
 "It is a given that our products must meet the health and safety expectation of all those who manufacture and use them," said Glen H. Hiner, the company's chairman and CEO.
 "However, corporate stewardship to us also means the continued search for products and markets that produce significant consumer benefits and also contribute to the company's growth and shareholder value," he added.
 Mr. Hiner's remarks preceded a report on four recent studies that he said "demonstrate there is no relationship between exposure to fiber glass and lung disease."
 Commenting on the growth side of stewardship, Mr. Hiner pointed to Congress' recent passage of the energy bill. He said the provisions of the bill -- which call for upgrading energy standards in residential, commercial and federal buildings -- could give a significant lift to Owens-Corning's insulation business and serve important needs of the country, as well.
 This bill mandates the American Building Official Model Energy Code (MEC) as the standard for federally assisted residential construction. "Implementation of MEC means about 15 percent more insulation will be installed in new single-family homes," Mr. Hiner said.
 Construction Group President Cites Opportunities
 A positive outlook for fiber glass insulation products also was emphasized by Larry T. Solari, president of Owens-Corning's Construction Products Group.
 Mr. Solari said the company's stewardship commitment included a continual evaluation of competitive insulation products. He cited recent fire-safety tests which showed fiber glass insulation far superior to cellulose insulation. Cellulose competes with fiber glass and other materials in loose-fill insulation applications.
 Mr. Solari also emphasized the growth potential stemming from Owens-Corning's renewed emphasis on technological excellence. "We are placing a larger share of our R&D expenditures on longer-term product development," he said.
 Mr. Solari's remarks preceded a presentation on a new insulation concept under development at the company's Technical Center in Granville, Ohio.
 "This concept -- a fiber glass vacuum insulation -- responds to government mandates that refrigerator/freezers be more energy- efficient and contain no chlorofluorocarbons," Mr. Solari said. Chlorofluorocarbons (CFCs), used as a refrigerant and as a foaming agent for insulation in today's refrigerator/freezers, are accused of thinning the ozone layer.
 The new fiber glass vacuum insulation provides R value per inch of 50, offering energy efficiencies many times those of commercial insulations and other developmental insulations for refrigerator/ freezers, according to tests at Owens-Corning's Granville, Ohio, Technical Center.
 "We believe this product not only could solve these refrigeration product problems, but it also has broad application for other appliances and various types of equipment," Mr. Solari said.
 -0- 10/21/92
 /CONTACT: Bill Noonan of Burson-Marsteller, 212-614-4450, for Owens-Corning/
 (OCF) CO: Owens-Corning ST: Ohio IN: SU:


GK -- NY094 -- 3065 10/21/92 15:59 EDT
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Date:Oct 21, 1992
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