EXHIBIT 12


                         ADVANCED GLASSFIBER YARNS LLC
                          STATEMENT RE COMPUTATION OF
                      RATIO OF EARNINGS TO FIXED CHARGES
                   (in thousands, except ratio information)

 
 
                                                                                                       For the Nine Months
                                                            Year Ended December 31,                    Ended September 30,
                                                  ----------------------------------------------       -------------------
                                                    1997     1996      1995     1994      1993          1998         1997
                                                  --------   ------    ------   ------    ------       ------      -------
                                                                                              
EARNINGS:                                                                                                      
                                                                                                               
  Income from continuing operations before                                                                     
    income taxes                                    82,866   83,294    74,535   65,072    45,797       59,235       62,451
  Portion of rents representative of interest                                                                   
    factor                                           1,076      618       457      422       362          898          814
                                                    ----------------------------------------------------------------------
                                                    83,942   83,912    74,992   65,494    46,159       60,133       63,265
                                                    ======================================================================
FIXED CHARGES:                                                                                                  

                                                    ----------------------------------------------------------------------
  Portion of rents representative of interest                                                                   
    factor                                           1,076      618       457      422       362          898          814
                                                    ======================================================================

                                                    ----------------------------------------------------------------------
RATIO OF EARNINGS TO FIXED CHARGES                      78x     136x      164x     155x      128x          67x          78x
                                                    ======================================================================