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News Displaying items by tag: Stone wool insulation

Insulation industry news from Global Insulation

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Rockwool increases first-quarter sales and earnings in 2022

19 May 2022

Denmark: Rockwool recorded consolidated sales of Euro924m in the first quarter of 2022, up by 38% year-on-year from first-quarter 2021 levels. The group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 12% year-on-year to Euro155m.

CEO Jens Birgersson “High demand and sales price increases drove double-digit revenue growth across almost all business units. While not materially affecting sales performance at this point, the terrible war in Ukraine and the challenging geopolitical situation are contributing to an already stressed global economy. Even with the price increases, the soaring energy, material, and logistics costs diluted margins in the first quarter. This will necessitate further price increases across the businesses.” Birgersson added “We expect to restore margins in the coming quarters.”

In its Outlook 2022, Rockwool predicted full-year net sales growth of 20 – 25% in local currencies and Euro425m-worth of group investments during the year, excluding acquisitions. It says that its business in Russia continues operating on a stand-alone basis, in order to avoid nationalisation and loss of its intellectual property.

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Rockwool cancels Vyborg insulation plant expansion

22 March 2022

Russia: Denmark-based Rockwool has cancelled plans for a Euro200m expansion to its Vyborg stone wool insulation plant in Russia. In a statement, the company said that it would continue its operations in the country, while also respecting international sanctions. Rockwool employs 1200 people in Russia, 10% of its total employees.

In defending its decision to maintain ordinary operations, the producer said “For Rockwool, there is no contradiction in standing side by side with the Ukrainian people and at the same time standing side by side with our Russian colleagues.” It added that it has donated to the Danish Red Cross to support Ukrainian victims of the Russian invasion of Ukraine.

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TechnoNicol to build new stone wool plants in Russia and Kazakhstan

03 February 2022

Russia: TechnoNicol plans to invest around Euro350m towards building two stone wool plants as well as other expanded production in other business areas including agricultural applications. A 1.5Mm3/yr stone wool plant will be built in the Novgorod special economic zone, according to the AK&M Information Agency. Construction of a new 1.4Mm3/yr stone wool plant near Almaty in Kazakhstan is scheduled to start in the first quarter of 2022. Both project have a combined an investment of Euro127m. Additionally, the insulation producer is reportedly looking for a site to build an additional stone wool plant in the far east of Russia.

The company also plans in 2022 to launch a new production line for stone wool substrates for use in greenhouse farming at a plant in the Rostov region. Around Euro6m will be spent on the upgrade. Once complete the line will be able to supply the Southern Federal and South Caucasus districts. It will be TechnoNicol’s third production line for mineral wool substrates, joining plants at Ryazan and Tatarstan.

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Saint-Gobain to buy Rockwool India

22 December 2021

India: France-based Saint-Gobain has agreed to buy Rockwool India from Alghanim Group for an undisclosed amount. The acquisition will see Saint-Gobain enter the insulation sector directly in the country adding to its existing presence in the gypsum, glass and construction chemical sectors. The deal is subject to the completion of conditions set out in the agreement and approvals from the relevant authorities. It is expected to be completed in first quarter of 2022.

Rockwool India is a manufacturer of stone wool in India with a wide range of insulation products for thermal, acoustic and fire safety applications. It is also a licensee of Saint-Gobain technology for the manufacture of stone wool in the country. The company operates two production plants, one in Hyderabad and another in Silvassa, with a total capacity of around 50,000t/yr. Saint-Gobain also said that it has a ‘strong’ marketing network across the country.

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TechnoNicol to upgrade Khabarovsk stonewool insulation plant

22 October 2021

Russia: TechnoNicol plans to carry out an upgrade at its Khabarovsk basalt mineral wool insulation plant. The planned project will fully automate production at the plant and double its capacity. The producer expects the upgrade to improve safety, sustainability and product quality.

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Rockwool commissions Ranson stone wool insulation plant in US

08 July 2021

US: Denmark-based Rockwool has commissioned its new Ranson stone wool insulation plant in Jefferson County, West Virginia and started commercial production. The company has hired 110 people to work at the 43,000m3 facility. It says that the plant will employ a total of 150 once production has ramped up in mid/late 2021. It is equipped with fuel-flexible melting technology, enabling operations to switch to natural gas from coal. This can reduce the plant’s CO2 emissions by 30%, according to the company.

Chief executive officer Jens Birgersson said “In the US, as in Europe and Asia, there is a growing demand for Rockwool’s non-combustible, recyclable stone wool insulation. The West Virginia facility will help meet that demand in North America. We are proud that our products play such an important role in reducing the energy consumption and carbon emissions associated with buildings, and do so in a safe, sustainable manner.”

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Rockwool plans new Soissons insulation plant

24 June 2021

France: Denmark-based Rockwool plans to begin building a new stone wool insulation plant at Soissons, Aisne department in 2022. The new plant will use an 80%-reduced-CO2 electric melting production method previously employed at Rockwool’s Moss insulation plant in Norway in 2020. The company says that, when commissioned in 2024, the new plant will generate 130 jobs.

France and Southern Europe regional managing director Rafael Rodriguez said, “We are pleased that our investment in Soissons will enable us to better support the government’s ambitious efforts as well as the social and economic development of the local communities. With our more than 40-year history in France, this new facility is a natural next step for us in a market that continues growing in importance.”

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Saint-Gobain Isover launches Geowall stone wool insulation

22 February 2021

Spain: Saint-Gobain Isover has launched the Geowall range of stone wool insulation. The range consists of Geowall 34, Geowall 35 and Geowall 37. The company says that the range replaces its Acustilaine products. It is non-hydrophilic and uncoated for excellent thermal and acoustic performance. It called Geowall the ‘optimal choice’ for the design and execution of laminated gypsum board systems.

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Saint-Gobain plans 50,000t/yr stone wool plant in Siberia

19 February 2021

Russia: Saint-Gobain has announced plans to build a 50,000t/yr-capacity stone wool plant in Siberia. The company says that the decision aims to help it better meet the growing needs of consumers in Siberia, Kazakhstan and the Far East. It will produce the insulation material using basalt. The total estimated cost of the project is around US$35m, with commissioning scheduled for 2023.

Russia, Ukraine and Commonwealth of Independent States regional chief executive officer Antoine Peyrude said, “The new production complex will allow us to better respond to the demands of the local market, whose demand for innovative energy-efficient solutions is constantly growing.”

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Assan Panel launches AssanBoard polyurethane-polyisocyanurate and AssanWool stone wool insulation boards

06 January 2021

Turkey: Assan Panel has added two new insulation boards to its product range. Its new AssanBoard insulation boards consist of a polyurethane (PUR)-polyisocyanurate (PIR) mix, while its new AssanWool insulation boards are made of stone wool. The company says that both boards are suitable for roof trapezoidal sheet, seam system, cassette and curtain wall system use, as well as for use in acoustic applications and fire compartment applications.

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