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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.
The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
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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.
In 1928, Libbey-Owens was the first company to produce automotive laminated safety glass and won a contract to supply the Ford Motor Company with windshields for the Model A. Libbey-Owens merged with the Edward Ford Plate Glass Company in 1930 to form Libbey-Owens-Ford Glass Company. [1]
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In 1981, Corning Glass Works began test marketing the cookware in the United States as an imported product under the name “Le CLAIR” rather than VISION due to a trademark conflict over the name. Once the trademark obstacles were overcome, the product finally received an official rollout in the second half of 1983 under the name “VISIONS”.
In April 2003, LP implemented a Claimant Offer Program to speed payments to claimants. In what was the largest class-action lawsuit in the history of the siding industry, LP paid out more than 37,000 claims. By the end of the settlement, LP had paid almost $1 billion to satisfy claims. [10] LP's woes did not end there, however.