Dow Corning gets boost from Economic Stimulus Package

The Pink Panther saves the World?
The Pink Panther saves the World… and Newark.

Dow Corning, the largest maker of residential insulation in the US, can expect their economic recovery to start ahead of time due to the tax rebates and incentives for housing weatherization included within the American Recovery and Reinvestment Act signed into law by President Obama last month.

“The weatherization program is the sort of activity that is likely to spur demand,” said Owens Corning spokesman Scott Deitz. “No doubt, people will install insulation because of this program. We just don’t know how many.”

This could also boost employment at Dow Cornings’ largest US insulation manufacturing plant in Newark, which has lost over 700 jobs in the last decade.

An estimated 80 million homes in the United States are currently under-insulated. Any home built before the mid-1980s and that has not been remodeled is unlikely to meet  insulation building codes in force today.

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