AGY CAPITAL CORP
8-K, 2000-01-05
GLASS & GLASSWARE, PRESSED OR BLOWN
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): January 5, 2000

                          Commission File No. 333-72305
                          ADVANCED GLASSFIBER YARNS LLC
             (Exact name of registrant as specified in its charter)
       DELAWARE                      3229                         58-2407014
 (State of formation)   (Primary Standard Industrial          (I.R.S. Employer
                        Classification Code Number)          Identification No.)

                        Commission File No. 333-72305-01
                                AGY CAPITAL CORP.
             (Exact name of registrant as specified in its charter)
       DELAWARE                      3229                         57-1072917
(State of incorporation)  (Primary Standard Industrial        (I.R.S. Employer
                           Classification Code Number)       Identification No.)

                    2556 WAGENER ROAD, AIKEN, SOUTH CAROLINA
              (Address of registrants' principal executive office)

                                      29801
                                   (Zip Code)

               Registrants' telephone number, including area code:
                                 (803) 643-1377


<PAGE>


ITEM 5.           OTHER EVENTS.

                  The purpose of this filing is to set forth an exhibit of
Advanced Glassfiber Yarns LLC and AGY Capital Corp.

ITEM 7(C).        EXHIBIT.

                  99       Press Release Announcing the Appointment of Interim
                           President, dated January 5, 2000


<PAGE>


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                              ADVANCED GLASSFIBER YARNS LLC


                                              /s/ Catherine Cuisson
                                              ------------------------------
                                              Catherine Cuisson
                                              Chief Financial Officer
                                              (Principal Accounting Officer)

Dated: January 5, 2000



<PAGE>


                                   SIGNATURES

             Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                              AGY CAPITAL CORP.


                                              /s/ Catherine Cuisson
                                              ------------------------------
                                              Catherine Cuisson
                                              Chief Financial Officer
                                              (Principal Accounting Officer)

Dated: January 5, 2000


                                                                      Exhibit 99



                          ADVANCED GLASSFIBER YARNS LLC
                           APPOINTS INTERIM PRESIDENT


Aiken, South Carolina, January 5, 2000/PRNewswire/ -- Advanced Glassfiber Yarns
LLC announced today that Robert Pistole has been named Interim President,
effective January 10, 2000. He will replace Robert Fisher, who is leaving to
pursue other career opportunities after serving as President since our formation
on September 30, 1998. Mr. Pistole is a 35-year veteran of Owens Corning, having
previously served as Vice President of Engineering, Vice President of Operations
for the Industrial Materials Group and Vice President of Operations for
Composites.

Advanced Glassfiber Yarns, headquartered in Aiken, SC, is one of the largest
global suppliers of glass yarns, which are a critical material used in a variety
of electronic, industrial construction and specialty applications. Our goal is
to be the preferred supplier of glass yarns to weavers that require superior
production technology and product innovation. To achieve this goal, our strategy
is to continue to emphasize fine yarns and specialty materials, develop new
products and product innovations, focus on operating efficiency and selectively
expand our business outside of North America. Prior to and including September
30, 1998, we were the glass yarns and specialty materials business of Owens
Corning. Since September 30, 1998, we have been a joint venture between Porcher
Industries, S.A. and Owens Corning.

CONTACT: Catherine Cuisson, CFO Advanced Glassfiber Yarns LLC, (803) 643-1197,
or Philippe Dorier, CFO Glass Holdings Corp., (336) 545-0011.



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