Insulation industry news from Global Insulation
Knauf Insulation to invest Euro120m in Novi Marof stone wool insulation plant's new Line 2
24 February 2023Croatia: Knauf Insulation plans to invest Euro120m to build a second production line at its Novi Marof stone wool insulation plant. HINA News has reported that Knauf Insulation managing partner Alexander Knauf met government officials to discuss the company's plan. The producer says that the new line will create 70 direct jobs.
Hempitecture inaugurates Jerome County hemp-based insulation plant
21 February 2023US: Hempitecture has inaugurated a hemp-based insulation plant in Jerome County, Idaho. The plant employs five people and produces insulation using hemp grown in Montana. The producer hopes to supply its flagship HempWool thermal insulation and other acoustic and continuous insulation products to major green building materials markets, including Denver, Los Angeles and San Francisco. It began developing hemp-based insulation in partnership with the University of Idaho with a US$207,000 grant from the Idaho state government in 2021.
Hempitecture CEO Mattie Mead said "We are ushering in the future of truly sustainable building materials."
Price rises drive Rockwool’s sales and earnings in 2022
13 February 2023Denmark: Rockwool’s net sales grew by 27% year-on-year to Euro3.91bn in 2022 from Euro3.09bn in 2021. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6% to Euro638m from Euro602m. The group reported a strong start to 2022 with high demand for its stone wool insulation products. In the second half of the year it noted a decline in construction activity in key markets. However, it increased its prices leading to increased sales. By region the group said that sales grew in Europe and Asian markets, were flat in the US and declined in China.
Chief executive officer Jens Birgersson said, “Looking forward, we expect construction activity to continue slowing down in the coming period. We anticipate the energy efficiency agenda in both Europe and North America will accelerate renovation rates in the mid-term and create higher demand for our circular and non-combustible stone wool. We will continue to invest in more capacity to support our long-term growth”.
Together with the group’s chair Thomas Kähler, he also defended the company’s decision to continue the ownership of a subsidiary in Russia. “If we were to depart Russia, our factories and the intellectual property rights to our unique technology would most likely be nationalised or otherwise transferred to local players. Since the factories operate independently of our head office, they would continue to operate - just under different ownership. It therefore remains our view that retaining the business in Russia is the least bad option available to us. And of course, we will continue to comply with all international sanctions.”
Rockwool said that it had added production capacity for its Grodan agricultural stone wool range at its plant in Toronto, Canada and capacity for its Rockfon stone wool ceiling panel range at its Cigacice plant in Poland. In China it had opened a new plant at Qinyuan in December 2022 to replace its mineral wool unit at Guangzhou, which closed in September 2022. It also reported that plans to build a new stone wool plant at Soissons in France had been delayed due to a local legal challenge. Notable upgrades in 2022 included the start of a conversion project to electric melting technology from fossil fuels at the Flumroc plant in Switzerland, with a commissioning date scheduled for 2024. This project follows a similar one at the Moss plant in Norway that was completed in 2020.
Knauf Insulation grows business in Romania in 2022
13 February 2023Romania: Knauf Insulation’s revenue grew by 40% year-on-year to Euro27.2m in 2022 from Euro19.4m in 2021. It attributed this to increased sales volumes and higher pricing, according to the Ziarul Financiar newspaper. The subsidiary of Germany-based Knauf acquired the Târnăveni glass wool insulation plant from Gecsat in mid-2022. It later announced plans for a Euro135m upgrade to the site including expanding the existing unit and building a new plant adjacent to it. Construction work on the project was schedule in start in January 2023.
Austria: Austrotherm has invested Euro20m on an upgrade to its extruded polystyrene (XPS) production capacity at its Purbach insulation plant. The project added a production hall with new extrusion technology supplied by Germany-based KraussMaffei Group. The expansion has also created 20 new jobs at the site. A further upgrade to the plant will be built in 2023 when a photovoltaic system will be installed on the roof of the hall.
Masterplast strikes deal with Market Epito to build mineral wool plants in Central Europe
13 December 2022Hungary/Serbia: Building products producer Masterplast and construction company Market Epito have entered into a strategic cooperation agreement to build mineral wool plants in Central Europe to meet anticipated demand for insulation. Plans for a first plant to be built in either Hungary or Serbia could be finalised in the first quarter of 2023. Joint-venture companies will be set-up on a 50:50 basis to support the new plants. As part of the deal, both companies would endeavour to purchase mineral wool from the new production units where possible for Market Epito’s construction projects and Masterplast’s commercial activities. The companies also hope to use public funding to support the building of new plants due to their importance to the national economy.
Knauf Insulation closes deal to acquire the Pilkington Architectural site in St Helens
02 December 2022UK: Knauf Insulation has concluded a deal to acquire the Pilkington Architectural site next to its glass wool plant in St Helens. The purchase of the seven hectare area is part of a combined Euro46m production capacity expansion project at both the St Helens and Cwmbran plants that was previously announced in April 2022. At the St Helens plant the company plans to use the additional space storage space and better logistics arraignments.
Austrotherm commissions Calan EPS insulation plant
25 November 2022Romania: Austrotherm has commissioned its third Romanian insulation plant in Calan, near Deva, Hunedoara County. The new Euro6m facility will produce the company's Austrotherm EPS and Austrotherm EPS-Plus expanded polystyrene (EPS) insulation, and also houses office spaces and storehouses. Sales manager Roxana Ghioca said that the storage capacity will enable the site to supply the Transylvanian market with Austrotherm's EPS and extruded polystyrene (XPS) insulation product offering.
Austrotherm managing director Klaus Haberfellner said “Transylvania is among the Central and Northwestern Romanian regions currently with a good economic situation. One third of Austrotherm Romania's topwinds are generated in this region. The existing EPS plants - which are situated a long distance from this have already reached their capacity limit." Addressing Romania's need for insulation, Haberfellner said "If not now, when does saving energy make more sense? The dramatic increase in energy prices has long since arrived in Romania."
France: Saint-Gobain says it has been preparing continuity plans for its gas-consuming insulation plants in Europe to ensure the flexibility of production to operate using less energy or that from alternative sources. Over half of its 25 insulation plants in Europe have an electricity-powered furnace and additional investments are being undertaken to use alternative power sources. The group noted that raw materials, freight and energy costs were growing, especially in Europe. It said that it had hedged around 80% of its natural gas and electricity purchasing needs for 2022 and around 60% for 2023.
The group’s sales grow by 14.5% on a like-for-like basis to Euro38.4bn in the first nine months of 2022 compared to Euro32.9bn in the same period in 2021. Strong sales growth was reported in all business lines although sales were driven in particular by the group’s High Performance Solutions business and its Asia-Pacific and North America regions.
By business segment the group said that businesses serving global construction customers in its High Performance Solutions division reported record sales. It added that they continued to benefit from strong trends in textile solutions for external thermal insulation systems (ETICS) due to demand for sustainable construction.
Romania: Knauf Insulation will invest Euro135m in expanding its Târnăveni glass wool insulation plant and building a new adjacent plant at the site. Knauf Insulation says that the major expansion will advance the Romanian government's 'energy savings offensive' by supporting a renovation drive for the country’s housing stock. The government aims to increase the national area of modern renovated properties by a factor of six, with a Euro30bn allocation from its Recovery and Resilience Fund.
Germany-based Knauf's managing partner Alexander Knauf said “The commitment demonstrates our trust and confidence in the country and our employees. We look forward to becoming part of the local community. Together, we are setting new standards for building and living in Romania.”
Operations at the original Târnăveni glass wool insulation plant recently recommenced following a Euro4m upgrade by Knauf Insulation, which completed its acquisition of the plant in May 2022. Previous owner Gecsat produced insulation at the site from 2008.