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Kingspan buys majority stake in Isoeste
Written by Global Insulation staff
27 September 2017
Brazil: Kingspan has acquired a 51% stake of Isoeste Construtivos Isotérmicos (Isoeste). Isoeste, an insulated panel manufacturer, operates from four production sites with approximately 630 employees. No amount for the transaction has been disclosed.
"We are delighted to create this partnership with the founders of Isoeste, the number one player in Brazil's insulated panels market. Together with our recent investments in Colombia and Mexico, this acquisition firmly places Kingspan in a market leading position across Latin America, with a strong platform for further expansion in the region," said Gene Murtagh, Kingspan’s chief executive officer (CEO).
Kingspan Insulation launches expansion at Winchester plant
Written by Global Insulation staff
27 September 2017
US: Kingspan Insulation has inaugurated the expansion of its Winchester plant in Virginia. An investment of US$25m was used to build an extruded polystyrene (XPS) insulation panel production line. The new line will double the plant’s production capacity by manufacturing GreenGuard XPS panels. The company has also announced spending US$1.1m on buying an additional 7.3 acres of land adjacent to the plant’s location.
Canadian government award Soprema US$6.8m to build insulation plant in Quebec
Written by Global Insulation staff
26 September 2017
Canada: The governments of Quebec and Canada have awarded France’s Soprema US$6.9m towards building an insulation plant at Sherbrooke in the Estrie region of Quebec. The project has a total budget of US$34.6m and it will produce extruded polystyrene insulation panels.
The Quebec government funding, allocated under the ESSOR program, includes a US$4m loan and a non-repayable financial contribution of US$1.2m. As for the federal government, Canada Economic Development for Quebec Regions (CED) has granted US$1.6m to Soprema, in the form of a repayable contribution.
Headquartered in Strasbourg, France Soprema produces insulation, waterproofing, soundproofing and roofing products for the construction and civil engineering sectors. Its North American head office and research centre are located in Drummondville, in the Centre–du–Québec region. The company runs three plants in Canada at Drummondville, Quebec City and Richmond.
Icynene to buy Isolat France
Written by Global Insulation staff
19 September 2017
France: Icynene Europe, the European division of spray foam insulation manufacturer Icynene, has purchased Isolat France, a polyurethane insulation distributor. The acquisition will allow Icynene to sell light density spray foam insulation, obtain a Conformité Européene (CE) marking for spray foam insulation and to establish a presence in France.
“The acquisition reinforces Icynene’s commitment to growth within the European market with direct sales to contractors. Operating across two dozen European countries, Icynene Europe will now have a comprehensive product mix of open- and closed-cell spray foam insulation products that we will manufacture in Europe,” said Bertrand Lauret, Managing Director of Icynene Europe, Africa and the Middle East.
Kingspan head calls for changes to building fire safety rules in the UK
Written by Global Insulation staff
15 September 2017
UK: Gene Murtagh, the chief executive officer (CEO) of Kingspan Group, has called for a number of changes to be made to fire safety regulations for buildings in the UK. He called for large-scale testing under BS8414 to be extended to cover all cladding systems, a strengthening of the way desktop studies are used in fire safety compliance, improved training for installers of building facades and better control of fire safety through the design and construction process of buildings. His comments were made to Building Magazine following the Grenfell Tower fire in June 2017 and at the start of the Public Inquiry into the incident.
“So far as I am aware, polyethylene (PE) cored Aluminium Composite Materials (ACM) have never been successfully tested in a cladding system in a manner consistent with building regulations so it is hard to understand how this product ever ended up on Grenfell Tower,” said Murtagh. “Similarly, given the fire performance characteristics of these ACM cladding panels, it is no surprise in my view that they performed so poorly in combination with a range of insulation types in the recent series of large-scale tests by the Department for Communities and Local Government (DCLG).” said Murtagh added that fire safety is an ‘extremely complex’ field and that any investigation needs to consider a wide range of factors.
The majority of the insulation purchased for use in a refurbishment of Grenfell Tower prior to the fire was Celotex’s RS5000 polyisocyanurate foam (PIR) insulation board. However, Kingspan confirmed in July 2017 that a small amount of its Kooltherm K15 phenolic insulation product had also been used without its knowledge and that it had no involvement in the design or specification of the refurbishment.