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News Displaying items by tag: EPS

Insulation industry news from Global Insulation

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Austrotherm to raises prices

15 March 2022

Austria: Austrotherm plans to raise the prices of its extruded polystyrene (EPS) insulation and expanded polystyrene (XPS) insulation products in response to “very strong” increases in raw materials, energy and transport costs. The latest round of price increase will take effect in early April 2022. The producer added that it could not rule out re-introducing monthly quantity quotas if order intake remained high.

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Etex to acquire URSA from Xella Group

12 January 2022

Spain: Etex has signed a deal with Germany-based Xella Group for the acquisition of its subsidiary URSA. The Belgium-based group says that the move confirms its portfolio shift towards lightweight construction materials. URSA produces its expanded polystyrene (EPS), extruded polystyrene (XPS) and glass and mineral wool insulation across a total of 13 sites and has operations in 20 European countries.

Chief executive officer Bernard Delvaux said “The acquisition of URSA confirms the portfolio shift initiated a few years ago by Etex to become a global leader in lightweight and modular construction. This acquisition is a strategic fit for Etex combining a new growth platform with a strong focus on sustainability. I have been truly impressed by both the quality of the management at URSA and its sound business model. I look forward to welcoming our new teammates to Etex and embarking on a prosperous future together.”

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Austrotherm acquires DCD IDEAL

11 November 2021

Czech Republic: Austria-based Austrotherm has successfully completed a 100% takeover of expanded polystyrene (EPS) producer DCD IDEAL.

Austrotherm’s CEO Klaus Haberfellner said “With the purchase of DCD, we are closing the last white spot in our core markets of Central and Eastern Europe and are thus strengthening Austrotherm's market position. DCD and Austrotherm are successful family businesses that harmonise well in terms of their corporate cultures. The takeover of DCD supports the strategy of continuing to invest in our core products EPS and extruded polystyrene (XPS).” He added “We are pleased about the opportunity to expand our climate-friendly product range for our customers, to be able to supply our XPS customers in the Czech Republic with EPS and thus to offer them an even better service."

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Kingspan acquires Minnesota Diversified Products

08 October 2021

US: Ireland-based Kingspan has acquired Minnesota Diversified Products, the producer of the DiversiFoam range of expanded polystyrene (EPS) and extruded polystyrene (XPS) foam and polyisocyanurate (PIR) foam billets. The group says that DiversiFoam will join Kingspan Insulation’s North American division and become a key proponent of its 10-year sustainability programme, Planet Passionate. It plans to expand the company’s Rockford EPS foam plastic recycling plant. Minnesota Diversified Products is committed to recycling 99% of production waste.

Managing Director Doug Crawford said "DiversiFoam and Kingspan are a natural fit from a geographic, technical and cultural perspective. The combination of these two outstanding businesses, coupled with Kingspan’s commitment to further investment will provide our collective customer base, our employees and our business partners with significant value. I am thrilled to welcome the DiversiFoam team into the Kingspan family.”

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Austrotherm upgrades Nis extruded polystyrene plant in Serbia

07 August 2020

 

Serbia: Austria-based Austrotherm has started operation on a new extruded polystyrene (XPS) production line at its Nis plant. The upgrade cost Euro3.5m and has created 15 new jobs at the site. It originally purchased the expanded polystyrene (EPS) and XPS plant in 2005 and it exports products to Albania, Kosovo, Croatia, Bosnia and Herzegovina, Montenegro, Macedonia and Bulgaria.

“We are particularly proud that we were able to complete the capacity expansion in Serbia as planned, despite all the Corona adversities,” said Klaus Haberfellner, managing director of Austrotherm.

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BewiSynbra acquires Norrköping XPS insulation plant

13 January 2020

Sweden: Denmark-based BewiSynbra has announced its acquisition of an extruded polystyrene (XPS) insulation plant in Norrköping after its conditional takeover of the owner for Euro5.6m including BewiSynbra’s assumption of its debts. The company says it will expand XPS production and install an expanded polystyrene (EPS) insulation line at the plant in late 2020, as a result of which it will close its nearby Norrtälje EPS insulation plant. It expects to conclude the deal in February 2020.

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Hirsch France buys sites and subsidiary from Saint-Gobain

05 November 2019

France: Hirsch France, a partnership consisting of 66% Hirsch and 34% BewiSynbra, has purchased six Saint-Gobain expanded polystyrene (EPS) insulation plants and 49.9% of shares in Isossol from Saint-Gobain subsidiary Placoplâtre.

Saint Gobain’s nine-month sales fell by 4.1% year to Euro31.1bn to 30 September 2019 from Euro32.5bn. The group is targeting annual divestment equivalent to Euro3.0bn to cut losses.

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Sika to buy Arcon Membrane in Romania

20 December 2018

Romania: Sika has agreed to acquire Arcon Membrane, a manufacturer of roofing and waterproofing systems including thermal insulation systems for facades and roofs. Its insulation systems combine expanded polystyrene (EPS) sheets and bituminous membranes. Sika says that by buying Arcon it will strengthen its position in the local market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The transaction is subject to approval by the Romanian anti-trust authority. No value for the purchase has been disclosed.

“Arcon’s market leading position, comprehensive product portfolio, and established distribution network will support our growth strategy by opening up new cross-selling opportunities, as well as increasing our market access and the penetration of key project,” said Ivo Schädler, Regional Manager Europe, Middle East and Africa (EMEA) at Sika.

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PolyStyreneLoop Cooperative launches recycling project

13 November 2017

Netherlands: The PolyStyreneLoop (PSL) Cooperative has inaugurated the European expanded polystyrene (EPS) / extruded polystyrene insulation (XPS) industry’s closed-loop project for the recycling of polystyrene (PS) insulation foam waste in Amsterdam. The research is testing a concept to dissolve the recently restricted chemical, Hexabromocyclododecane (HBCD), from PS foam waste while also allowing for the recovery of bromine, which can then be used again for the production of new flame retardants. The PSL project is intended to help the European Union (EU) deal with an expected 20Mt of insulation material containing HBCD that will need to be disposed of in the next 50 years.

The PolyStyreneLoop demonstration plant aims to begin operations in 2018 and will have the capacity to treat up to 3300t/yr of PS waste. Once up and running, the PolyStyreneLoop project will be able to cope with incoming PS foam waste streams and produce recyclate that could be used in new PS foam insulation installations. The new initiative has been financed and built by the 56 members and supporters of the PolyStyreneLoop Cooperative. The EU has also supported it financially.

The association for European Manufacturers of Expanded Polystyrene (EUMEPS) said that recycling PS foam typically saves as much as 50% CO2 emissions compared to using it for energy recovery. It added that it believes that the technology it is testing offers an additional contribution to resource efficiency at the end-of-life phase for PS foam insulation, on top of the CO2 emissions already saved by reducing energy consumption during the long-use phase of a building.

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Austrotherm opens third plant in Romania

10 November 2017

Romania: Austrotherm has opened an insulation plant at Arad. The Austrian company opened its third expanded polystyrene (EPS) plant in the country in early November 2017. The unit is intended to serve Transylvania and other western regions.

The company originally entered the Romanian market in 1999 with an EPS plant in Bucharest. A second plant at Horia was opened in 2006. Production of extruded polystyrene (XPS) insulation followed at this site in 2008.

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