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Johns Manville expands thermoplastic polyolefin (TPO) plant
Written by Global Insulation staff
10 March 2015
US: Johns Manville (JM) has announced plans to expand the capacity at its Scottsboro, Alabama, thermoplastic polyolefin (TPO) plant. The state-of-the-art TPO plant was first opened in October 2008. JM will complete the expansion in April 2015, increasing its total TPO production capacity by 20%.
JM's TPO formulation has remained unchanged since its launch and has proven to be durable under real-world conditions of heat and ultra-violet (UV) exposure. "Commercial Roofers Inc began installing TPO more than 10 years ago. We have found it to be installer-friendly and energy compliant. It has a long, useful life expectancy and is cost effective. This provides great benefits for the building owner," said Scott Howard, president of Commercial Roofers Inc.
Johns Manville’s Jennifer Ford-Smith appointed to the 2015 Women in Roofing leadership team
Written by Global Insulation staff
05 March 2015
US: Johns Manville has announced that its director of marketing and single ply systems Jennifer Ford-Smith was recently appointed to the 2015 Women in Roofing (WinR) leadership team. WinR is a council of the Midwest Roofing Contractors Association (MRCA). While the MRCA serves the interests of roofing contractors and the overall industry for the US Midwest region, they are also serving as a national platform for the WinR.
Masterplast's earnings fall after Ukraine project write off
Written by Global Insulation staff
03 March 2015
Hungary/Ukraine: Hungarian building materials manufacturer Masterplast has seen its earnings fall in 2014 after the worsening Ukraine crisis forced it to write off investment plans for a new expanded polystyrene (EPS) insulation plant in the country.
Masterplast has reported that its annual net income dropped by 38% year-on-year to Euro749,000 in 2014. Without the enforced Ukraine write-off, the company had expected its post-tax profit to reach Euro1.6m. Masterplast, which has a growing string of plants in eastern Europe, has reported that its 2014 revenue was flat at Euro81.6m, while its annual operating profit fell by 1% year-on-year to Euro2.7m.
Masterplast had planned to invest Euro1.4m to set up a new EPS insulation plant at Lviv in the far west of Ukraine, where it had bought and converted existing industrial premises. It expected to become Ukraine's third-largest player in the thermal insulation segment within three years. However, early in 2014 Masterplast suspended its national investment and project for the EPS and adhesives plant. With the situation deteriorating further since then, it has decided not to restart its expansion scheme until Ukraine's political and economic position has stabilised.
USI acquires Cardalls Insulation
Written by Global Insulation staff
24 February 2015
US: USI, a national provider of installed insulation and related services to builders, contractors and homeowners, has announced the acquisition of Cardalls Insulation, a Utah-based full-line insulation services contractor.
Founded in 2001 by Joe Cardall, family-run Cardalls Insulation has shown steady growth and employs approximately 125 personnel across four offices. After closing, Joe Cardall will become branch manager.
"We are excited to increase our service presence in Utah and Idaho with this acquisition," said L W Varner Jr, president and CEO of USI. "The prospect of bringing Cardalls' expertise, valued people and assets to USI is a significant opportunity for us. We expect a smooth transition and enhanced value for both our current and future customers." Varner added that USI's in Utah and Idaho is indicative of the future growth prospects of commercial and residential construction in the region.
Owen Corning’s executive Alan Dibble Booth has passed away
Written by Global Insulation staff
24 February 2015
US: Alan Dibble Booth, a long-time Owens Corning executive, died on 18 February 2015 in Casa de la Luz Hospice, Tucson. He was 71. Booth, who had lived nearly year-round in Tuscon, died from complications of lung cancer, according to his daughter, Katie Booth.
Booth was employed by Owens Corning in Toledo for 31 years, starting as a sales trainee in 1967 and worked his way through the ranks to vice president of marketing and sales in manufacturer and mechanical products in 1986. He retired as head of the insulation division for North America.