Insulation industry news from Global Insulation
Search Insulation News
Knauf Insulation launches automated system for off-site construction
Written by Global Insulation staff
24 August 2017
UK: Knauf Insulation has launched a system to automate the installation of blown glass mineral wool during off-site manufacturing. The new system, called Supafil Frame, is intended to reduce the time required to insulate modular homes. Developed in conjunction with Stewart Milne Timber Systems, it blows un-bonded glass mineral wool into wall panels at the point of manufacture. The insulation producer says that the new system is the first application of its kind in the UK.
Supafil Frame has achieved a Gold rating for indoor air comfort from independent test body Eurofins. It has also been shortlisted in the Product Innovation category of the Structural Timber Awards and Building Awards.
Kingspan considering further acquisition in South America
Written by Global Insulation staff
22 August 2017
Ireland: Kingspan is considering making further acquisitions in South America. Chief executive Gene Murtagh said that the insulation producer may follow up investment in the origin after its purchase of a controlling stake in Colombia's Panelmet and a production plant in Mexico, according to the Irish Times newspaper. Murtagh added that the insulation producer is ‘always’ considering buying new companies but that ‘unreasonable’ sellers were holding up potential deals.
Insulated panels sales drive growth at Kingspan in first half of 2017
Written by Global Insulation staff
18 August 2017
Ireland: Sales in insulated panels have driven increases in sales revenue and earnings at Kingspan. Its revenue rose by 19% year-on-year to Euro1.75bn in the first half of 2017 from Euro1.47bn in the same period in 2016. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6% to Euro209m from Euro197m. It attributed its growth to increasing demand for energy efficiency in Western Europe.
“The first six months of 2017 were strong for Kingspan,” said Gene Murtagh, chief executive of Kingspan. “We expect end market activity to be broadly positive for the remainder of the year and at current exchange rates to deliver a full-year result at least in line with consensus. While margins contracted somewhat, we anticipate further recovery of input increases in the second half. Our balance sheet is strong and ready to support our development agenda as the opportunities unfold.”
By region the group says it performed well in Western Europe, including the UK, as well as the US, Scandinavia and Australia. However, it reported problems in Central Europe and the Middle East.
Johns Manville launches CladStone Water & Fire Block Insulation
Written by Global Insulation staff
18 August 2017
US/Canada: Johns Manville (JM) has launched JM CladStone Water & Fire Block Insulation in the US and Canada. The mineral wool product is for use in cavity wall and rain screen applications. JM says that the product allows for the drainage of water from an exterior wall cavity system.
“We are committed to providing our customers with an array of products to meet the needs of any project, and that’s why we’re introducing JM CladStone Water & Fire Block Insulation, a non-combustible product designed to aid in managing moisture in continuous insulation systems,” said Tommy Knappich, Vice President and General Manager of Building Insulation at JM.
URSA to be bought by Xella International
Written by Global Insulation staff
08 August 2017
Spain: Spanish insulation firm URSA is to be sold by investment firm KKR to Germany’s Xella International GmbH. The sale is subject to the approval of the relevant competition authorities and is expected to be closed by the end of 2017. No value for the deal has been disclosed to date.
“We are looking forward to becoming part of the Xella Group,” said URSA CEO Pepyn Dindant. “Xella is a very successful company in the building materials industry and deeply understands our markets, customer needs and products. This will give us important impulses for our profitable growth strategy that we will keep on implementing with high priority and strong client focus.”
“Especially in recent years, URSA has delivered outstanding performance,” said Dr Jochen Fabritus, CEO of Xella Group. “We highly appreciate what URSA’s executives and employees have achieved and are looking forward to welcoming them as part of the Xella family. Consequently, URSA will become an independent business unit to continue its successful development. Xella will support URSA with all measures that are appropriate to achieve further profitable growth.”
Xella says that, while URSA will operate as an independent business unit focused on the specific needs of its clients in the insulation sector, there are various areas in which both companies will benefit from each other. URSA completes Xella’s portfolio of mineral-based building materials, creating opportunities to combine products of the new brand into innovative solutions. Also, in terms of size, geographical spread and management structure, URSA is very similar to Xella’s existing business units, allowing for a fast and smooth integration process.