Finland/Spain: Finland-based UPM Biochemicals and Spain-based URSA have developed a new type of glass wool insulation that uses a proprietary lignin-resin binder. The companies have worked together to optimise the binder composition for both performance and smooth runnability on URSA’s production lines. UPM Biochemicals says that UPM BioPiva lignin is a “sustainably produced, cost-effective and versatile raw material that has proven valuable in the creation of many value-added industrial applications, especially in lignin-based phenolic resins.”

Christian Hübsch, Director Sales & Marketing at UPM Biochemicals said “We are thrilled about having reached this milestone together with our partners from URSA, as it marks a potentially disruptive innovation for the insulation materials industry in general, and a great achievement for URSA with its long-held vision to go green and to reduce the carbon footprint of its products,”

Wolfgang Marka, Managing Director of URSA-Adria, added “We undertook long-term studies with UPM Biochemicals to assess the viability of replacing synthetic resins with a new bio-based binder and we are excited to produce one of the most sustainable glass wool insulation materials available.”

UPM Biochemicals develops and sells wood-based biochemicals for use in a variety of industries including insulation. It is building an industrial-scale biorefinery in Leuna, Germany to convert solid wood into biochemicals.

URSA produces both mineral wool and extruded polystyrene (XPS) insulation products in Europe. It is a subsidiary of Etex.

Ireland: Kingspan recorded sales of US$2.21bn during the first quarter of 2023, up by 4% year-on-year from first-quarter 2022 levels, Reuters has reported. The producer said that group insulation sales remained in line year-on-year. Insulated panel sales remained ‘sluggish,’ but constituted 25% of all orders. By region, sales were ‘strong’ in the Americas and ‘solid for the most part’ in Western Europe, while conditions ‘remained tough’ in Central and Eastern Europe. Kingspan forecast first-half earnings of US$441m in 2023.

The company proposed its future delisting from the UK-based London Stock Exchange, where it says current share trading is ‘negligible as percentage of total trading.’

Denmark: Belgium-based Etex has completed its acquisition of Skamol, a producer of calcium silicate and vermiculite high-temperature insulation systems.

Etex's head of passive fire protection and high-performance insulation Tanguy Vanderborght said "We warmly welcome Skamol and its 300 teammates within Etex. Joining forces with them strengthens Etex’s position and will accelerate our growth in the high temperature insulation market where we already are a key player with Promat. With our combined expertise in complementary technologies, we will gain scale to extend our geographic reach and expand our offering to our combined customer base.”

Serbia: Knauf Insulation Serbia has completed a Euro20m upgrade to its Surdulica stone wool plant. Production has restarted at the unit, according to SeeNews. The company has replaced equipment on the production line and chimney, and installed a new palletisation machine and a desulfurisation system, thereby increasing the recycling capacity of the factory. The investment also includes a new logistics building and a truck parking area. The company plans to hire 15 new employees from May 2023 to support the changes.