Ukraine: Knauf Insulation Ukraine has announced that it intends to increase its share of the Ukrainian fibreglass market to 35% in 2012. The company's 2011 market share was 30%.
"In 2012 the company expects that the thermal insulation materials' market will keep developing and Knauf Insulation Ukraine plans to shore up its position and occupy at least one-third of the fibreglass insulation segment," said company director Andrii Pavlik.
In the long-run the company intends to further develop the Ukranian market and advertise the benefits of the material to Ukrainian consumers. In the future the company intends to open its own heat insulation production plants in Ukraine, but this plan is currently on hold due to the economic downturn. The company has long-established plans for a production site in Fastiv, Kyiv Region, obtaining all necessary permits for the project.
"The economic downturn adjusted the development of Ukraine's construction sector and, consequently, our plans for realisation of the project. As soon as the construction industry demonstrates stable growth I think we will be able to begin building our factory," Pavlik said.
