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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.
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]
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.
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]
Also during the war, Dow and Corning began their joint venture, Dow Corning, to produce silicones for military and, later, civilian use. The Ethyl-Dow Chemical Co. plant at Kure's Beach, NC , the only plant on the East Coast producing bromine from seawater, was attacked by a German U-boat in 1942.
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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.
Corning Ware, also written CorningWare, was originally a brand name for a unique glass-ceramic cookware resistant to thermal shock. It was first introduced in 1958 by Corning Glass Works (later Corning Inc. ) in the United States.