Insulation industry news from Global Insulation

Spain/Portugal: Knauf Insulation Iberia met its company growth objective of 5% year-on-year growth in 2019, a year in which it supplied two major developments: the Government of Catalonia’s administrative complex and the VP Plaza Hotel in Madrid. The latter won the US Green Building Council (GBC) Leadership in Energy and Environmental Design (LEED) certificate, the first hotel to achieve this certification.

Interempresas News has reported that the focus of Knauf Insulation Iberia’s strategy in 2020 will be on maintaining its leadership in the sustainable building sector and in the search for products and solutions aimed at zero energy consumption building conversions and construction. Knauf Insulation Iberia CEO Oscar del Rio said, “Bearing in mind the economic uncertainty derived from the coronavirus crisis, our objective will be to maintain our penetration objectives.”

The company’s growth in 2018 was 10%.

Netherlands: Nine-month restated sales for Recitel fell by 7.3% year-on-year to Euro924m in September 2019 compared to Euro997m in the corresponding period of 2018. Despite ‘double-digit’ volume growth, insulation sales over the period fell by 4.5% to Euro193m from Euro202m due to pricing issues stemming from the loss of market share to fibre insulation as a lingering after-effect of the isocyanate shortage of 2017. The company noted the ‘ramping-up’ of production at its new plant in Finland, with all products now certified for sale in the Nordic countries. Recticel CEO Olivier Chapelle noted the continued substantial decrease in debt as a positive in the period.