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Knauf Insulation grows business in Romania in 2022
Written by Global Insulation staff
13 February 2023
Romania: Knauf Insulation’s revenue grew by 40% year-on-year to Euro27.2m in 2022 from Euro19.4m in 2021. It attributed this to increased sales volumes and higher pricing, according to the Ziarul Financiar newspaper. The subsidiary of Germany-based Knauf acquired the Târnăveni glass wool insulation plant from Gecsat in mid-2022. It later announced plans for a Euro135m upgrade to the site including expanding the existing unit and building a new plant adjacent to it. Construction work on the project was schedule in start in January 2023.
Saint-Gobain acquires Termica San Luis
Written by Global Insulation staff
30 January 2023
Argentina: Saint-Gobain has completed its acquisition of stone wool insulation producer Termica San Luis. Termica San Luis employs 40 people at its San Luis insulation plant. It is the market-leading stone wool insulation producer in Argentina.
TechnoNicol to commission upgraded Khabarovsk stone wool insulation plant in 2023
Written by Global Insulation staff
30 January 2023
Russia: TechnoNicol expects to commission its upgraded Khabarovsk stone wool insulation plant later in 2023. Local press has reported that the on-going upgrade involves replacement of the plant's rock melting furnaces and fibreisation chambers. When commissioned, the upgraded plant will produce insulation using a biopolymer bonding agent. The producer expects to export its products to the Japan and South Korea markets.
Kingspan launches QuadCore LEC insulation panels
Written by Global Insulation staff
27 January 2023
Ireland/UK: Kingspan has launched a range of reduced-CO2 insulation panels called QuadCore LEC. The producer says that a 100mm-thick QuadCore AWP panel has 40% lower embodied CO2 than an EN15804-A2 standard insulation panel of the same thickness.
Kingspan’s head of innovation Mike Stenson said “As a business we are committed to developing high performing, energy efficient building envelope solutions that help minimise the carbon footprint of buildings over the whole life cycle.” He added “QuadCore is already one of the highest performing insulation technologies in terms of thermal efficiency (underpinned by a 25-year thermal warranty), which could enable higher energy and carbon savings through the operational life of the building. This is the first step on our journey to reducing the embodied carbon of our products, and we anticipate some major milestones by 2030 to drive that down even further.”
Masterplast to acquire Pimco
Written by Global Insulation staff
19 January 2023
Hungary: Masterplast has concluded an agreement to acquire Pimco. Pimco is in the process of establishing a Euro35.7m, 20,000t/yr glass wool plant at Szerencs, Borsod-Abaúj-Zemplén County. Növekedés News has reported that an advance investment by Masterplast in the company will enable Pimco's Szerencs plant project to move into the implementation phase. It would then enter production in 2024. Masterplast will fund the investment using the proceeds of its Euro23.3m stock market capital raising in October 2022. The upcoming Szerencs plant was previously the subject of a Euro35.7m grant from the Hungarian Investment Promotion Agency.
Masterplast employs 1400 people across 10 countries.