Insulation industry news from Global Insulation
Rockwool's Bridgend insulation plant to convert to green hydrogen
03 November 2022UK: Denmark-based Rockwool has announced plans to replace natural gas used in its Bridgend stone wool insulation plant's combustion systems and curing ovens with green hydrogen produced on-site. Engineering company Marubeni Europower and consultancy Mott MacDonald will also be involved in the project. H2 News has reported that the work will rely on US$462,000 in government funding.
Rockwool's managing director Rafael Rodriguez said “The group has set ambitious decarbonisation targets, verified and approved by the Science Based Target Initiative, and in line with this, we are looking forward to enhancing our own understanding about the potential for green hydrogen use in our business.”
UK: Knauf Insulation’s St Helens, Merseyside, glass wool insulation plant team raised Euro2300 on a 6.5km sponsored walk in memory of a colleague who died in January 2022. Hot end process operator Gareth ‘Gaz’ Moore died of an undiagnosed heart condition at the age of 40.
St Helens plant community team member Sean Ashall said “We were delighted to have raised enough money to buy two defibrillators.” The team will install one of the machines at the St Helens Sea Cadets Barracks and another at the Pilkington Recs Rugby Club ground.
Retrofit energy efficiency funding announcement in the UK
06 October 2022UK: The government has announced funding of up to Euro1.7bn to retrofit 130,000 social and low income homes in England with energy efficiency measures including insulation. It says that the upgrades will help households save around Euro450 - 800/yr on their energy bills at current prices and funding could support around 19,000 green energy sector jobs. The money will be made available via the Social Housing Decarbonisation Fund and Home Upgrade Grant schemes.
Local authorities and social housing providers will be able to submit bids for funding and will deliver upgrades from early 2023 until March 2025, building on the more than 30,000 homes already being upgraded under the Social Housing Decarbonisation Fund and Home Upgrade Grant schemes.
UK: Denmark-based Rockwool has launched its NyRock stone wool technology in the UK. The insulation producer says that the new product offers the “lowest lambda stone wool insulation available in the UK.” It is manufactured using a new patented production process and offers a thermal conductivity as low as 0.032W/mK. One of its key features is that it can deliver better insulation with comparatively thinner constructions compared to similar products. It also offers the usual benefits of stone wool insulation including durability, recyclability, acoustic properties and fire resistance. NyRock technology will be rolled out across a range of Rockwool insulation products during 2022.
Hedley Thompson appointed as Rockwool’s Recladding and Façades Sector Manager in the UK
15 July 2022UK: Denmark-based Rockwool has appointed Hedley Thompson as Rockwool’s Recladding and Façades Sector Manager in the UK. The position is a newly created role in the company. Thompson’s appointment is the first step in the creation of a new team which will target housing associations, local authorities and housebuilders.
Hedley has worked for Rockwool UK since 2014 in the position of Technical Specification – Façades. Prior to this he held a variety of technical and operations roles with the construction sector.
BEWI becomes sole owner of Jablite Group
13 June 2022UK: Norway-based BEWI has acquired an additional 51% stake in Jablite Group for around Euro12m making it the sole owner. It previously purchased a 49% stake in the expanded polystyrene (EPS) insulation products producer and civil engineering provider in June 2020. At the time Jablite initiated a restructuring programme due the negative effects of the coronavirus pandemic and resulting lockdowns. As part of the programme it also closed two of its facilities.
The current management of Jablite, including managing director Richard Lee and finance director John Cooper, will continue in their roles going forward. Rik Dobbelaere, a previous chief executive officer (CEO) of Synbra Holding and BEWi Synbra Group, and director of the board of BEWI ASA, has been director of the board of Jablite since BEWI’s acquisition of the 49% stake in 2020.
“We are very pleased to now be able to include Jablite fully to our team. The company has shown an impressive development the last two years, and we look forward to further strengthen our market position in the UK together going forward,” said Christian Bekken, CEO of BEWI. He added that Jablite’s operations would complement the UK-based operations of Jackon well and that synergies were expected by combining the two companies once the acquisition Jackon transaction is completed. BEWI started to buy the Norway-based supplier of insulation and construction systems in late 2021.
BEWI is an international provider of packaging, components and insulation products.
Mannok’s sales rise in 2021
16 May 2022UK: Mannok recorded sales of Euro270m in 2021, up by 16% year-on-year from Euro233m in 2020. The company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 17% to Euro25.8m from Euro31.1m. The group attributed this to substantial cost absorption beginning in mid-2021. It noted particularly high raw material costs in its insulation segment due to current global shortages. Overall energy prices rose by 66% year-on-year, while the cost of carbon emissions trading scheme (ETS) credits more than doubled to Euro80/t at the end of the year.
Mannok said that demand for its products remains resilient, supported by stronger cost recovery. It added that a levelling out in energy prices has driven stronger profitability in the first quarter and April of 2022.
UK: Knauf Insulation plans to upgrade two of its glass wool insulation plants in the UK at a cost of Euro53.7m. The upgrades consist of a packaging equipment upgrade at the Cwmbran, Torfaen, insulation plant and the replacement of the furnace and connected equipment at its St Helens, Merseyside, insulation plant, as well the acquisition of land adjacent to the latter from NSG Group. As a result of its upgrade, the Cwmbran plant will begin producing insulation slabs as well as rolls and blowing wool. The company said that the investments are a response to anticipated glass wool insulation demand growth on the back of the government’s Future Homes Standard energy efficiency policy.
Managing director Neil Hargreaves said “This series of investments will boost capacity as well as improve the range, availability and sustainability of our products.”
Saint-Gobain recovers post-coronavirus
04 March 2022France: Saint-Gobain’s sales grew by 15.8% year-on-year to Euro44.2bn in 2021 from Euro38.1bn in 2020. Its earnings before taxation, interest, depreciation and amortisation (EBTIDA) rose by 41% to Euro6.20bn from Euro4.42bn. Sales and earnings increased by 4% and 27% compared to 2019 levels before the coronavirus pandemic started. Sales revenue and operation income was reported up in all geographical regions.
“The records achieved in 2021 confirm that the group has entered a new post-transformation trajectory in terms of performance: market-beating sales growth, record earnings and margins, a high level of free cash flow generation that has more than doubled compared to previous years, and strong value creation for our shareholders thanks to strict capital allocation and the determined execution of our portfolio optimisation,” said Benoit Bazin, the chief executive officer of Saint-Gobain.
The group completed or signed 37 acquisitions in 2021, including Chryso and GCP Applied Technologies (GCP), marking its rapid expansion into the construction chemicals market. In India the group announced it was buying stone wool producer Rockwool India in December 2021. The acquisition is expected to be completed by the end of the first quarter of 2022.
Saint-Gobain also reported that an ongoing investigation by the French competition authority into the building insulation productions market has reached the appeal stage. The group says that allegations of anti-competitive behaviour from 2001 to 2013 were dismissed in 2021, but that competitor insulation producer Actis appealed the decision and Saint-Gobain issued incidental appeals. The next hearing is expected by the end of 2022.
In relation to the ongoing public inquiry into the Grenfell Tower fire that took place in London, UK in 2017 the group said, “The extent to which Celotex may incur civil or criminal liability in connection with the production, marketing, supply or use of its products is currently unclear and Celotex and Saint-Gobain Construction Products UK are currently unable to make a reliable estimate of their potential liability in this respect.” Public hearings are anticipated to continue into mid-2022 with a final report to follow thereafter.
Belgium: Recticel Insulation has obtained Programme for the Endorsement of Forest Certification (PEFC) for its multilayer thermal insulation products. It says that it is the first polyisocyanurate (PIR) and polyurethane (PUR) producer to do so. The insulation manufacturer will be selling thermal insulation products, with multilayer paper facings made from wood fibres sourced from a PEFC-certified and sustainably managed forests. The PEFC label will be added to its Recticel Eurowall, Eurothane Silver, Eurothane Silver A, Eurofloor, Euroroof, Eurothane GP, Eurowall Cavity and Eurothane Eurodeck products.
Recticel Insulation already held the PEFC label for some of its insulation products manufactured at its plants in Bourges, France and Stoke-on-Trent, UK. The certification is now being gradually rolled out to more products and to all plants where multilayer facings are used.