Russia: Rockwool plans to install a new mineral wool production line at its Vyborg insulation plant in Leningrad oblast. The producer says that the expanded plant will have 50% lower CO2 emissions than before the expansion due to an efficiency increasing upgrade to its melting technology.
Rockwool plans to invest Euro200m in expansions and efficiency improving upgrades in Russia ‘in the coming years,’ creating 70 new jobs.
Romania: France-based Saint-Gobain has completed its acquisition of adhesives and construction chemicals producer Duraviz for an undisclosed sum.
The group said that the acquisition will enable it to expand its interior and exterior finishing product range. Saint-Gobain employs 1800 people at 12 sites in Romania.
US: Ireland-based Kingspan has acquired Minnesota Diversified Products, the producer of the DiversiFoam range of expanded polystyrene (EPS) and extruded polystyrene (XPS) foam and polyisocyanurate (PIR) foam billets. The group says that DiversiFoam will join Kingspan Insulation’s North American division and become a key proponent of its 10-year sustainability programme, Planet Passionate. It plans to expand the company’s Rockford EPS foam plastic recycling plant. Minnesota Diversified Products is committed to recycling 99% of production waste.
Managing Director Doug Crawford said "DiversiFoam and Kingspan are a natural fit from a geographic, technical and cultural perspective. The combination of these two outstanding businesses, coupled with Kingspan’s commitment to further investment will provide our collective customer base, our employees and our business partners with significant value. I am thrilled to welcome the DiversiFoam team into the Kingspan family.”
World: US-based Huntsman has announced a natural gas surcharge of Euro125/t on its sales of methylene diphenyl diisocyanate (MDI) in Europe, India and the Middle East and Africa (MEAF), in response to an ‘unprecedented’ rise in natural gas prices in the region. The measure entered effect on 1 October 2021. The company says that this has adversely affected the energy inputs, intermediates and multiple feedstock costs incurred in its MDI production.
The new surcharge will operate in conjunction with any previously announced MDI price increases.
Huntsman's Polyurethanes president Tony Hankins said "Huntsman is already working with its customers to manage the impact of the surcharge, which was necessary to respond to the unexpected and unprecedented increase in our production costs."
