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ALTHOUGH OWENS Corning, organized in 1938, sold less than 1 percent of all asbestos products, by 2000 it had been driven to bankruptcy by the settlement of 243,000 asbestos-related claims, with more claims pending. Owens-Illinois manufactured and sold Kaylo, a high-temperature calcium silicate pipe insulation which contained asbestos, from the late 1940s through the early 1950s. At that time Owens Corning agreed to sell the asbestos product. In the late 1950s, Owens Corning purchased Kaylo assets and began to manufacture and sell the product.

Following indications of potential health problems, Owens Corning, Johns-Manville, and other asbestos products manufacturers put warning labels on their products, and in 1972 Owens Corning removed asbestos from Kaylo, although it did continue to make that product with only calcium silicate. In ...

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