TAMPA, FL, United States, via ETELIGIS INC., 05/27/2015 – – American Fiber Green Products, Inc. (OTC Pink: AFBG) (PINKSHEETS: AFBG) and Owens Corning (NYSE: OC) today announced that they have entered into a five-year agreement for recycling services. AFBG will recycle glass fiber-related material from Owens Corning’s Amarillo, Texas plant; this material is currently landfilled.
“The recycling plan in Amarillo represents continued progress toward Owens Corning’s 2020 environmental footprint goals,” said Doug Pontsler, vice president of Environment, Health and Safety and Operations Sustainability at Owens Corning. “Concurrent with our progress to reduce waste generation, we’ve made securing more reliable recycling for glass fiber waste a top priority. The solution from American Fiber Green Products, which will convert our waste into useful, marketable products, will help us achieve our sustainability goals.”
The Amarillo plant is one of Owens Corning’s largest manufacturing facilities.
“AFBG is excited to provide recycling services to this market leader through our Amour Fiber Core subsidiary,” stated AFBG Chairman Kenneth McCleave. “This contract has been in negotiations for over a year and a half and will substantially boost revenue for AFBG. The project will commence upon completion of construction of our recycling and manufacturing facility in the Amarillo area. Construction is expected to take about 12 months. We expect a successful recycling program in Amarillo to be the catalyst to an expanded relationship between our firms and potentially include other Owens Corning facilities around the country.”
Owens Corning has been a Fortune 500® company for 60 consecutive years.
American Fiber Green Products, Inc. provides reclamation services to the fiberglass industry. Key industry leaders in the wind energy sector have signed master service agreements, including Fortune 100® and Fortune 500® companies.
About Owens Corning
Owens Corning (NYSE: OC) develops, manufactures and markets insulation, roofing and fiberglass composites. Its building products and systems save energy and improve comfort in commercial and residential buildings. Through its glass reinforcements business, the company makes thousands of products lighter, stronger and more durable. Based in Toledo, Ohio, Owens Corning posted 2014 sales of $5.3 billion and employs about 15,000 people in 26 countries.
About American Fiber Green Products
American Fiber Green Products, Inc. trades Over the Counter under the symbol AFBG. The company currently maintains a website at www.americanfibergreenproducts.com .
AFBG has a Strategic Partner in American Commerce Solutions, Inc. which also trades Over the Counter under the symbol, AACS. The management of AACS has experience in machining and welding, as well as fabrication services and will be instrumental in the fabrication and procurement of the Amarillo equipment. The Company maintains a website at www.aacssymbol.com .
Under the Safe Harbor rules consider the following: Any portion of this presentation that is not historical in nature is subject to change due to any number of factors that are not under the control of the Company or its officers. As such, anyone reading this presentation should consider the possibility that material differences from the information presented may occur and should be verified before any consideration to invest.
SOURCE: American Fiber Green Products, Inc.