(BRK.A), (BRK.B)
Johns Manville (JM), a wholly-owned subsidiary of Berkshire Hathaway, is expanding its glass fiber operations plant in Etowah, Tennessee, to service the increasing needs of the engineered thermoplastics industry. The expansion is underway and will be finished in 2016.
The expansion in Etowah includes a new furnace to support the launch of the next generation of global products for reinforced thermoplastic composites and further support the drive to lightweight materials use. The new furnace is scheduled to start up in August 2016, and will allow for production growth and flexibility within JM’s product families for polyamides, polyesters and polypropylenes.
“Current and future trends in the composites industry will continue to drive increasing demand for glass fiber products in transportation, electrical and consumers segments,” said Brian Sapp, Global Fibers Business Director for JM Engineered Products. “We are making this investment to support our customers’ plans for growth, and we are continuing to pursue innovations in technology and product development in fibers to support existing and future customers.”
© 2016 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.