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In 1985, Owens-Corning acquired Aerospace and Strategic Metals Group in Newport Beach, California for $415 million from Armco Inc. [16] [17] The color PINK was trademarked through Owens-Corning in 1986, making it the first company to trademark a color. By 1990, Owens-Corning was the defendant in about 84,500 asbestos-related lawsuits.
Corning Incorporated is an American multinational technology company that specializes in specialty glass, ceramics, and related materials and technologies including advanced optics, primarily for industrial and scientific applications. The company was named Corning Glass Works until 1989. [2]
Corning Glass Works appointed Arthur A. Houghton Jr. as President in 1933, and under his leadership Steuben changed artistic direction toward more modern forms. Using a newly formulated clear glass developed by Corning (referred to as 10M) which had a very high refraction index , Steuben designers developed beautiful, fluid designs.
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After a Federal District Judge denied the FTC's request for an injunction, Owens-Illinois acquired Brockway's shares. [ 1 ] In 2018, the former Brockway Glass plant in Washington County, Pennsylvania (closed since the late 1980s) was awarded a $1.5 million grant from Pennsylvania’s Redevelopment Assistance Capital Program.
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Owens-Illinois was a part of the Dow Jones Industrial Average from June 1, 1959, until March 12, 1987. The company was added to the S&P 500 Index in January 2009. Owens-Illinois was one of the original S&P 500 companies in 1957. It was removed in 1987 (after purchase by KKR), added in 1991 and removed again in 2000. [7]
Dow Corning, Bay City. Dow Corning was formally established in 1943 as a joint venture between the American conglomerates Dow Chemical and Corning Glass to explore the potential of silicone and was a manufacturer of products for use by the U.S. military in World War II. The company began operating its first plant, in Midland, MI, in 1945.
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