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TechnoNicol considers Uzbekistan for new stone wool plant

Written by Global Insulation staff
14 October 2019

Uzbekistan: Russia’s TechnoNicol is ‘seriously considering’ building a new 1.3Mm3/yr stone wool insulation plant In Uzbekistan. Vasily Tkachev, the head of the Mineral Insulation division of TechnoNicol, said that building a plant in the country would be ‘geographically justified,’ according to the Trend News Agency. He added that ‘significant’ changes in the local regulatory framework were expected regarding the requirements for energy efficiency of buildings during new construction and reconstruction. A final decision on the project will be made following a full assessment of the market and its potential sales regions.

Published in Global Insulation News
Tagged under
  • Russia
  • TechnoNICOL
  • Uzbekistan
  • Stone wool insulation
  • Plant
  • GGM44

SIG to sell Building Solutions division to Kingspan Group for Euro42m

Written by Global Insulation staff
07 October 2019

UK: SIG has agreed to sell its Building Solutions division to Kingspan Group for Euro42m. Building Solutions is a UK manufacturer and distributor of building envelope solutions operating through brands including Steadmans, United Roofing Products, Trimform Products, and Advanced Cladding & Insulation. SIG decided to sell the division following a strategic review in 2017. Proceeds from the sale will be used to reduce SIG’s debts.

Published in Global Insulation News
Tagged under
  • UK
  • SIG
  • divestment
  • Kingspan
  • building envelope
  • GGM44

MOL and ThyssenKrupp start construction of new polyol plant in Hungary

Written by Global Insulation staff
02 October 2019

Hungary: MOL Group and ThyssenKrupp Industrial Solutions have laid the foundation stone at a new polyol plant being built at Tiszaújváros. MOL Group is investing Euro1.2bn in the project. It is expected to be commissioned in 2021 and will produce around 200,000t/yr of polyols.

The new Tiszaújváros complex will produce polyether polyols using technologies such as the HPPO process (propylene oxide from hydrogen peroxide) developed by ThyssenKrupp and Evonik. Polyols produced at the new plant will be potentially used as a precursor chemical in many industries, including polyurethane building insulation.

“This investment project will make MOL Group one of the most important players in the region’s chemical industry, with MOL being the only Central and Eastern European company to control the entire value chain from crude oil extraction to polyol production,” said Zsolt Hernádi, the chairman and chief executive officer (CEO) of MOL.

Published in Global Insulation News
Tagged under
  • Hungary
  • Mol Group
  • ThyssenKrupp Industrial Solutions
  • Plant
  • polyol
  • GGM44

Owens Corning elects Eduardo Cordeiro to board of directors

Written by Global Insulation staff
23 September 2019

US: Owens Corning has appointed the former Cabot Corporation executive vice president, chief financial officer and president of the Americas region Eddie Cordeiro to its board of directors. He will be tasked with bringing his 25 years’ financial and operational experience to the operations of the global insulation, roofing and fibreglass composite materials leader.

Published in Global Insulation News
Tagged under
  • US
  • Owens Corning
  • person
  • appointment
  • GGM44

Fire at Huntsman polyurethane plant

Written by Global Insulation staff
20 September 2019

Turkey: A fire broke out in an outside area and spread to the main factory and adjacent commercial property at Hunter’s Istanbul polyurethane (PU) plant. The company has stated that nobody was harmed and monitoring for any offsite environmental impacts is underway.

Published in Global Insulation News
Tagged under
  • Türkiye
  • Huntsman
  • Fire
  • GGM44
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