Owens Corning and Pultron Composites form joint venture to produce fiberglass rebar
Composites companies pivot to increase market access to Pinkbar + Fiberglas Rebar and Mateenbar Fiberglas Rebar, expound on the growing rebar industry.
Fiberglass rebar being implemented at Gisborne port. Photo Credit: Pultron Composites
Owens Corning (Toledo, Ohio, U.S.) and Pultron Composites (Gisborne, New Zealand) have signed an agreement to create a joint venture to manufacture fiberglass rebar.
This agreement solidifies the companies’ commitment to provide more sustainable product solutions and higher performance concrete reinforcement products. It also increases market access to Pinkbar + Fiberglas Rebar used for flatwork and residential applications, and Mateenbar Fiberglas Rebar used for heavy-load structural applications. Both products are said to carry ACI, ASTM, ICC-ES and CSA Grade III code compliance and are a suitable replacement to steel rebar.
“As we continue to pivot our Composites business to focus on higher value material solutions, we expect growth in fiberglass rebar to be an important contributor to our strategic direction,” Marcio Sandri, Owens Corning Composites president, says. “Joining forces with Pultron Composites combines our core glass fiber material technology, expansive channel access and extensive industry experience with Pultron’s manufacturing expertise and process efficiency. This significantly expands our market opportunities, providing additional capacity and exceptional service in the market.”
Over the past 20 years, Pultron Composites has developed a fiberglass rebar production process that enables the execution of substantial fiberglass projects (see its use for skate parks, marinas and other future infrastructure). Fiberglass products are said to be playing an increasingly important role in the concrete reinforcement market, as it is up to seven times lighter than steel and is a corrosion-resistant reinforcement, extending the life of concrete — particularly important for construction materials that are exposed to the elements, such as in coastal areas.
“We’re excited to expand our partnership with Owens Corning and leverage the respective strengths of both our companies to accelerate global adoption of fiberglass rebar,” Jasper Holdsworth, Pultron Composites chief executive officer (CEO), adds. “This joint venture will enable us to obtain greater access to the global rebar market, including expansion in the United States.”
The North America rebar market is estimated to be approximately $9 billion, growing at an annual rate of about 4%. Fiberglass rebar currently constitutes less than 1% of this market and has the potential to significantly grow over the coming years.
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