{"id":9114,"date":"2013-09-26T06:28:56","date_gmt":"2013-09-26T10:28:56","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=9114"},"modified":"2013-09-26T09:43:22","modified_gmt":"2013-09-26T13:43:22","slug":"whats-special-in-owens-corning-nyseocs-new-multimillion-dollar-warehouse","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/whats-special-in-owens-corning-nyseocs-new-multimillion-dollar-warehouse-9114","title":{"rendered":"What\u2019s special in Owens Corning (NYSE:OC)\u2019s new multimillion dollar warehouse?"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/26\/2013 (wallstreetpr) &#8211; Owens Corning (NYSE:OC)\u2019s new warehouse is currently under construction and is slated to open at the start of 2014. This multi-million dollar facility will be an addition to the Wagener Road Aiken plant. As per a recent press release, ElmTree closed the acquisition of the new distribution-center.\u00a0Owens Corning (NYSE:OC) is a global-producer of glass-fiber, building materials, engineered products and reinforcements for various composite systems. It will lease this facility from this private-equity firm for a period of 15 years.<\/p>\n<p style=\"text-align: justify;\">\u00a0An ElmTree senior acquisition-analyst said that the commercial sale-leasebacks are pretty common financing-practice in many companies since there are numerous tax advantages. This new structure will be almost 175,000 sq ft. It will also be connected to the Aiken facility that already exists on land that lies adjacent to the property. It will be a replacement for the off-site warehouse that is 30 minutes away from the plant. The main objective of setting up this warehouse is to reduce complexity, cost and waste that are generated when products are moved from one location to the other.<\/p>\n<p style=\"text-align: justify;\"><b>Wednesday\u2019s trading<\/b><br \/>\nIn Wednesday\u2019s trading session,\u00a0Owens Corning (NYSE:OC) stock dropped by 1.79%. The shares opened at a price of $39.17, climbed to an intraday high of $39.38 and headed to a close of $38.50. Approximately 2.73 million shares were traded on Wednesday and an average volume of 1.29 million shares were traded over a period of 30 days. The 52-week low of the shares was $29.48 and the 52-week high was $45.55. The company has a market capitalization of $4.58 billion.<\/p>\n<p style=\"text-align: justify;\">\u00a0<b>The company<\/b><\/p>\n<p style=\"text-align: justify;\">Owens Corning (NYSE:OC)\u00a0is involved in composite and building-materials systems. It delivers a variety of services and products. Its products range from glass-fiber that is used in the reinforcement of composite-materials for electronics,\u00a0 transportation, marine, wind-energy , infrastructure and other markets to roofing and\u00a0 insulation for commercial,\u00a0 residential and industrial applications.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/26\/2013 (wallstreetpr) &#8211; Owens Corning (NYSE:OC)\u2019s new warehouse is currently under construction and is slated to open at the start of 2014. This [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":9115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[1942],"tags":[3040,3041,3039],"stock_ticker":[],"class_list":["post-9114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-nyseoc","tag-owens-corning","tag-owens-corning-nyseoc","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What\u2019s special in Owens Corning (NYSE:OC)\u2019s new multimillion dollar warehouse? - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/whats-special-in-owens-corning-nyseocs-new-multimillion-dollar-warehouse-9114\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s special in Owens Corning (NYSE:OC)\u2019s new multimillion dollar warehouse? - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 09\/26\/2013 (wallstreetpr) &#8211; Owens Corning (NYSE:OC)\u2019s new warehouse is currently under construction and is slated to open at the start of 2014. 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