PORTLAND, Ore. (AP) -- Building materials company Owens Corning Inc. said Wednesday that it is opening a technical fabric testing and manufacturing facility in Zele, Belgium.
The company said the facility will have state-of-the-art production equipment for developing, testing and evaluating new fabric technologies.
Owens Corning said centralizing its fabric development will allow the company to standardize its production and give it more flexibility in its scheduling to improve its services.
Shares of Owens Corning rose 67 cents to $28.73 in midday trading. The stock earlier traded at $28.82, eclipsing a previous 52-week high of $28.11.
