Insulation industry news from Global Insulation

Denmark: Rockwool is working with engineering company FLSmidth and the Technical University of Denmark (DTU) on a research project to develop sustainable process technologies that will increase the use of renewable fuels and raw materials and reduce CO₂ emissions. The project has received a Euro2.7m grant from Innovation Fund Denmark.

The project plans to investigate and optimise high-temperature processes throughout the entire production chain in both companies. The DTU holds experience in this field from the CHEC research centre at DTU Chemical Engineering, which has focused on combustion research and emission abatement in recent years. Rockwool intends to lower CO₂ emissions and reduce its fuel consumption to make its production become more sustainable. FLSmidth plans to explore using alternative cement formulas and production methods to enable the company to launch more efficient technologies for using renewable fuels and reducing emissions.

South Korea: Hankuk Glass Industries (HGI), a subsidiary of Saint-Gobain, has launched a tender offer to acquire the 23% of its shares owned by minority shareholders. As a result of this successful offer, Saint-Gobain, together with HGI, now holds 96.8% of the share capital of HGI, with a delisting planned. HGI manufactures insulation for the construction and automotive markets and glass products for markets in South Korea and Asia.

US/China: The Office of the US Trade Representative has started implementing a 10% tariff on mineral and other products from China, including mineral wool products, following a consultation period. Mineral products affected by the proposed tariffs of interest to the insulation industry include: slag wool, rock wool and similar mineral wools, in bulk, sheets or rolls; and nonwoven glass wool insulation products. The latest tariff list follows an earlier decision by the US government to tax imports from China worth US$34bn that came into force in early July 2018.

India: Russia’s TechnoNicol has appointed Ramnik Kohli as the chief executive officer (CEO) of Indian business. Previously, Kohli was the country head for Russia and Commonwealth of Independent States (CIS) for Micromax Informatics, according to Asian News International. He has also worked with Sistema Shyam Teleservices as Assistant Director. He holds a PhD in Economics and Marketing from the State University of Management in Moscow, Russia.

US: Owens Corning has earned a place in the Dow Jones Sustainability World Index (DJSI World) for its sustainability performance for the ninth consecutive year. For the sixth straight year, Owens Corning was named the Industry Leader for the DJSI World Building Products group.

“We are honoured to be recognised on the Dow Jones Sustainability World Index for the ninth straight year and as the Industry Leader for the sixth year,” said chairman and chief executive officer (CEO) Mike Thaman. “Our 19,000 employees continue to take action and drive real impact for the betterment of our business, employees, customers, partners and the world around us.”

Owens Corning also earned placement on the Dow Jones Sustainability North America Index, which includes the top sustainability leaders from the largest 600 North American companies in the S&P Global BMI.