Owens Corning S-Glass products complement AGY's existing S-2 Glass® business.

S-2 Glass products provide a higher level of performance than traditional E-Glass products and are designed for demanding applications such as helicopter blades, aircraft flooring and interiors, vehicle armour protection, and down-hole tooling in the oil and gas industry.

S-glass is a magnesia-alumina-silicate glass, especially designed to provide very high tensile strength glass filaments.

The agreement will also enable AGY to leverage Owens Corning's global market development expertise to grow demand, particularly in the area of S-Glass engineered thermoplastics.

"This agreement enables our customers to benefit from AGY's global leadership in S-2 Glass while realising the full potential of Owens Corning's S-Glass technology," says Steven Vermeulen, vice president and managing director of Owens Corning's Engineered Solutions business.

"For Owens Corning, this agreement provides the opportunity to better realise the value of S-Glass technology, while at the same time allowing us to focus more intently on core products and initiatives."

Owens Corning (OC), headquartered in Toledo, USA, is a global producer of building materials, glass fibre reinforcements and engineered materials for composite systems.  It recorded sales of sales of $5.3 billion in 2013 and employees about 15,000 people in 27 countries. 

AGY, headquartered in Aiken, South Carolina, USA, specialises in glass fibre yarns and high-strength glass fibre reinforcements used in a variety of composites applications. The company employs approximately 1150 people globally.