Insulation industry news from Global Insulation
New Rockwool plant in India
18 July 2011India: A new Rockwool insulation plant has been opened up in Dahej, Gujarat. The company claims that the material it produces will have the ability to save 1Bnt/yr of CO2 if applied.
Frank Jacobs, Managing Director-Rockwool Technical Insulation, said, "If the insulation materials produced in our new facility in India are not installed, a forest with almost the size of the state of Gujarat would need to be planted to compensate for the resulting CO2 emissions. Effective insulation of technical installations-such as hot pipes, boilers and tanks-can save literally millions of tonnes of CO2, helping to protect the environment, whilst at the same time saving operators millions of rupees."
Rockwool International to acquire FAST
21 June 2011Denmark/Poland: Rockwool International has signed an agreement to acquire FAST s.p. z o.o., a Polish system holder for external facade insulation. In 2010, FAST generated a turnover of USD 16.73m and employed 90 persons. The transaction is expected to close by the end of October 2011.
The acquisition of FAST allows Rockwool to gain access to capabilities within coating and plaster production as well as colouring techniques. In addition, the acquisition will enable Rockwool to expand the use of stone wool solutions and penetrate into the building insulation market.
India/Denmark: Rockwool International, the world's largest producer of rockwool-based insulation products has opened a new plant in Gujarat province in India. The facility's main task is to supply the India's rapidly growing industrial sector as well as some of India's neighbours with high-tech insulation products for technical installations such as heating pipes, boilers and tanks. The second priority, building insulation, is still at an early stage but the company wants to help India reduce the amount of energy it consumes via air conditioning units.