American Fiber Green Products, Inc. and Owens Corning Sign a Long-Term Contract
27 Maio 2015 - 10:25AM
Access Wire
TAMPA, FL / ACCESSWIRE / May 27, 2015 /
American Fiber Green Products, Inc. (OTC Pink: AFBG) (PINKSHEETS:
AFBG) and Owens Corning (NYSE: OC) today announced that they have
entered into a five-year agreement for recycling services. AFBG
will recycle glass fiber-related material from Owens Corning's
Amarillo, Texas plant; this material is currently landfilled.
"The recycling plan in Amarillo represents continued progress
toward Owens Corning's 2020 environmental footprint goals," said
Doug Pontsler, vice president of Environment, Health and Safety and
Operations Sustainability at Owens Corning. "Concurrent with our
progress to reduce waste generation, we've made securing more
reliable recycling for glass fiber waste a top priority. The
solution from American Fiber Green Products, which will convert our
waste into useful, marketable products, will help us achieve our
sustainability goals."
The Amarillo plant is one of Owens Corning's largest
manufacturing facilities.
"AFBG is excited to provide recycling services to this market
leader through our Amour Fiber Core subsidiary," stated AFBG
Chairman Kenneth McCleave. "This contract has been in negotiations
for over a year and a half and will substantially boost revenue for
AFBG. The project will commence upon completion of construction of
our recycling and manufacturing facility in the Amarillo area.
Construction is expected to take about 12 months. We expect a
successful recycling program in Amarillo to be the catalyst to an
expanded relationship between our firms and potentially include
other Owens Corning facilities around the country."
Owens Corning has been a Fortune 500(R) company for 60
consecutive years.
American Fiber Green Products, Inc. provides reclamation
services to the fiberglass industry. Key industry leaders in the
wind energy sector have signed master service agreements, including
Fortune 100® and Fortune 500(R) companies.
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures and markets
insulation, roofing and fiberglass composites. Its building
products and systems save energy and improve comfort in commercial
and residential buildings. Through its glass reinforcements
business, the company makes thousands of products lighter, stronger
and more durable. Based in Toledo, Ohio, Owens Corning posted 2014
sales of $5.3 billion and employs about 15,000 people in 26
countries.
About American Fiber Green Products
American Fiber Green Products, Inc. trades Over the Counter
under the symbol AFBG. The company currently maintains a website at
www.americanfibergreenproducts.com.
AFBG has a Strategic Partner in American Commerce Solutions,
Inc. which also trades Over the Counter under the symbol, AACS. The
management of AACS has experience in machining and welding, as well
as fabrication services and will be instrumental in the fabrication
and procurement of the Amarillo equipment. The Company maintains a
website at www.aacssymbol.com.
Safe Harbor
Under the Safe Harbor rules consider the following: Any portion
of this presentation that is not historical in nature is subject to
change due to any number of factors that are not under the control
of the Company or its officers. As such, anyone reading this
presentation should consider the possibility that material
differences from the information presented may occur and should be
verified before any consideration to invest.
CONTACT:
Dan Hefner
AFBG
813-244-9843
danshirlh@msn.com
Chuck Hartlage
Owens Corning
419-248-5395
chuck.hartlage@owenscorning.com
SOURCE: American Fiber Green Products, Inc.