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4-Traders Homepage  >  Equities  >  Nyse  >  Owens Corning    OC

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Owens Corning :, Navarro team up to help train future labor force

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05/24/2017 | 09:19am CEST

May 24--WAXAHACHIE -- Owens Corning Insulating Systems LLC, more commonly known around Ellis County as Owens Corning, has partnered with Navarro College to provide job training using a $494,581 Skills Development Fund grant from the Texas Workforce Commission (TWC).

The grant, presented in the form of a 2-foot-by-4-foot check Wednesday, May 10 on the Navarro College in Waxahachie campus, will benefit workers in the North Central Texas area.

"The partnership between Owens Corning and Navarro College on this Skills Development Fund grant will benefit both the local community and its workforce," said TWC Commissioner Representing Labor Julian Alvarez. "Our labor force is among the most talented and skilled in the world, and we continue to seek and implement strategies to improve the skills of Texas workers."

This grant will be used to provide customized training to 278 incumbent workers for industry-related topics with focused instruction on manufacturing skills. Trainees will include electricians, machine operators, mechanics and packing attendants. Upon completion of training, the workers will receive an average wage of $25.11.

Since its inception in 1996, the Skills Development Fund grants have created or upgraded more than 342,428 jobs throughout Texas. The grants have assisted 4,238 employers with their customized training needs. The Legislature allocated $48.5 million to the Skills Development Fund for the 2016-17 biennium. Employers seeking more information about the Skills Development Fund may visit the TWC website at www.texasworkforce.org/skills.

The Texas Workforce Commission is a state agency dedicated to helping Texas employers, workers and communities prosper economically. For details on TWC and the services it offers in coordination with its network of local workforce development boards, call 512-463-8942 or visit www.texasworkforce.org.

___

(c)2017 Waxahachie Daily Light, Texas

Visit Waxahachie Daily Light, Texas at http://www.waxahachietx.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 5 915 M
EBIT 2017 769 M
Net income 2017 452 M
Debt 2017 1 700 M
Yield 2017 1,34%
P/E ratio 2017 15,53
P/E ratio 2018 14,00
EV / Sales 2017 1,45x
EV / Sales 2018 1,34x
Capitalization 6 897 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 64,7 $
Spread / Average Target 5,0%
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Michael H. Thaman Chairman, President & Chief Executive Officer
Michael C. McMurray Chief Financial Officer & Senior Vice President
Steven Zerby Chief Information Officer & Vice President
James J. McMonagle Independent Director
W. Howard Morris Independent Director
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