Insulation industry news from Global Insulation

Denmark: Rockwool’s sales for the nine months to 30 September 2019 were Euro2.0bn, up by 3.2% from Euro1.9bn in the corresponding period of 2018. Its earnings before interest and taxes over the period were up by 7.8% year-on-year at Euro278m in the first nine months of 2019 from Euro258m. The company forecast annual sales growth of 2% - 5% and no change in EBIT margin from 12.8% in 2018. Rockwool vice president Michael Zarin noted positively Rockwool’s stonewool insulation’s versality in tackling many of today’s biggest sustainability and development challenges.

Spain: Isover has launched APTA Arena, a new product in its APTA sand mineral wool line. It says it is intended for interior divisions offering high thermal and acoustic performance. The product is also made from over 50% of recycled materials and can be fully recycled after use.

Ireland: Kingspan’s sales for the first nine months of 2019 rose by 8% year-on-year to Euro3.43bn. However, its sales in the third quarter fell by 2% year-on-year due to slowing sales in the UK. Sales of insulated panels saw a ‘substantial’ reduction in order intake in the UK in the third quarter reducing by more than 15% in volume versus the same period in 2018. European and American markets were stable with the exception of Germany. Insulation board sales were affected by slowing sales in the UK, Ireland and Germany. The group expects these market trends to continue into the first quarter of 2020 at least.

UK: Superglass has completed a Euro43m upgrade to its glass wool plant in Stirling, Scotland. Production capacity at the unit has been doubled to 60,000t/yr, according to the Scotsman newspaper. A new furnace, curing oven and an automatic packing system were installed as part of the upgrade. The project was first announced in 2017 following the acquisition of the company by Russia’s TechnoNicol in 2016.

France: Hirsch France, a partnership consisting of 66% Hirsch and 34% BewiSynbra, has purchased six Saint-Gobain expanded polystyrene (EPS) insulation plants and 49.9% of shares in Isossol from Saint-Gobain subsidiary Placoplâtre.

Saint Gobain’s nine-month sales fell by 4.1% year to Euro31.1bn to 30 September 2019 from Euro32.5bn. The group is targeting annual divestment equivalent to Euro3.0bn to cut losses.