On Tuesday, Shares of Owens Corning (NYSE:OC), gained 0.67% to $46.85.
Owens Corning, has expanded product transparency across core commercial and residential product offerings to assist architects, builders, mechanical engineers and specifiers meet the growing criteria of green building certifications. Among these certifications is the U.S. Green Building Council (USGBC) LEEDv4 credit that rewards the selection of products with environmental production declarations, or EPDs.
The introduction of six additional registered Material Health Certificates (MHCs) through the Cradle to Cradle Certified program and five new EPDs summarizing product life-cycle assessment (LCA) reflects Owens Corning’s industry-leading commitment to sustainability and environmental stewardship.
Environmental Product Declarations
Seven additional EPDs have been issued across eleven of Owens Corning’s core commercial and residential product offerings. Architects and specifiers now have access to EPDs for several mechanical and HVAC products counting:
- 700 Series FIBERGLAS™ Insulation
- FIBERGLAS™ Pipe Insulation
- EcoTouch® Insulation for Metal Building (Certified R Metal Building, MBI Plus, Metal Building Utility Blanket),
- EcoTouch® Insulation for Flexible Duct,
- SOFTR® Duct Wrap, and
- QuietR® Duct Board.
Owens Corning, together with its auxiliaries, produces and sells glass fiber reinforcements and other materials for composite systems; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, mat, veil, and other specialized products.
Shares of Fiat Chrysler Automobiles N.V. (NYSE:FCAU), declined -0.52% to $13.45, during its last trading session.
Fiat Chrysler Automobiles, posted European sales of 70,500 units for the month of October, representing a 7.7% year-over-year improvement that was significantly higher than the industry average of 2.7%. For the ten months year-to-date, sales were up 12.9% (+8.2% for the industry) to 738,500 units. The Fiat Panda and 500 continued as leaders in the European A segment, with a combined share of 28.7% for the month. The 500 has also just passed the 1,500,000 mark for the number of vehicles produced in Europe. The Fiat 500L has now ranked as the best-selling Small MPV in Europe for more than a year (22.3% segment share year-to-date) and the 500X has firmly established itself as one of the most popular vehicles in the Small SUV segment. On the back of these individual performances, the Fiat brand continued to outperform the industry average with October sales up 8.6% year-over-year. Jeep brand sales were up 145.6% for the year-to-date, driven by the performance of the Renegade that ranks among the top ten in its segment.
In October, the European passenger car market (EU28+EFTA) posted new vehicle registrations up 2.7% to more than 1,144,000 units.
For the ten months year-to-date, registrations were up 8.2% to nearly 12,000,000 vehicles.
Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.
Finally, KKR & Co. L.P. (NYSE:KKR), ended its last trade with -2.15% loss, and closed at $17.27.
Leading global investment firm KKR and Avendus Capital, a pre-eminent Indian financial services firm providing customized solutions in the areas of financial advisory and wealth administration, recently declared the signing of a definitive agreement under which KKR will invest in Avendus to fund the company’s foray into the credit solutions business and to grow its wealth and alternative asset administration solutions offerings to its customers.
KKR is making its investment from its Asian Fund II. As a part of this transaction, KKR is purchasing shares from Eastgate Capital and Americorp Ventures, an early investor in Avendus. Further details of the transaction were not revealed. The transaction is subject to customary regulatory approvals.
Avendus has a strong focus on mid-market companies and the entrepreneurs leading these companies. As these companies grow, they need unique business and financing solutions, and Avendus aims to be the provider of choice for these products and solutions.
KKR & Co. L.P. is a private equity and real estate investment firm specializing in direct and fund of fund investments. It specializes in acquisitions, leveraged buyouts, administration buyouts, credit special situations, growth equity, mature, mezzanine, distressed, and middle market investments. The firm considers investments in all industries with a focus on technology and hardware, energy and infrastructure, real estate, services industry with a focus on business services, intelligence, industry-leading franchises and companies in natural resource, containers and packaging, agriculture, airports, ports, forestry, electric utilities, textiles, apparel and luxury goods, household durables, digital media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, grocery stores, food, beverage, and tobacco, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, specialized finance, pipelines, and renewable energy.
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