Owens Corning, a manufacturer of insulation, roofing and fiberglass composites, is opening a $90 million facility in Joplin that is expected to create 100 jobs, the Missouri Partnership announced in a news release.
Gov. Jay Nixon joined local leaders and company representatives Friday to announce the expansion plan. The Ohio-based company, which employs 15,000 people in 26 countries, will receive state and local incentives for the project if it meets investment and job creation criteria.
Owens Corning will move into a 303,000-square-foot facility, which is expected to be fully operational in 2016. The plant will produce Owens Corning’s Thermafiber mineral wool insulation.
Julian Francis, the president of Owens Corning Insulation, said in the news release that Joplin’s proximity to “attractive markets and accessible raw materials” drove the company’s decision to establish a facility there.
Missouri’s construction industry has gained 11,600 jobs, an increase of 11.5 percent, since 2011. Building permits in the state have also increased since 2011, with 45 percent more housing units authorized in 2014 than in 2011.