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Honeywell and Bayer Pearl target Saudi Arabia for spray foam system
Written by Global Insulation staff
19 May 2016
Saudi Arabia: Honeywell and Bayer Pearl are targeting the Saudi Arabian market with a spray foam system that uses a proprietary Honeywell liquid blowing agent.
“We are delighted that Bayer Pearl has formulated their new spray foam system with Solstice Liquid Blowing Agent and are encouraged that Saudi Arabian leaders are considering implementing these new technologies to further enhance their economy and society,” said Amir Naqvi, regional marketing leader at Honeywell Fluorine Products.
The announcement follows a workshop in Riyadh entitled ‘Sustainable Solutions for polyurethane Foam’ that has looked at organic insulation. In the wake of the Saudi 2030 Vision development plan it is anticipated that 1.5m new homes will be required in the country and energy demands will also grow. Demand for thermal insulation is expected to rise in line with this.
Rockwool profit rises by 56% to Euro28m for first quarter of 2016
Written by Global Insulation staff
19 May 2016
Denmark: Rockwool’s profit has risen by 56% year-on-year to Euro28m for the first quarter of 2016 from Euro18m for the same period in 2015. Its net sales fell slightly to Euro494m from Euro499m. it reported sales of Euro368m in its insulation business, a slight fall from Euro375m in the first quarter of 2015. The company stated that sales growth had continued from 2015 into early 2016 in most markets with the exception of Russia where exchange rate variations contributed to a slight decline in net sales in the quarter.
“We continue to improve the overall health of the business. I am especially pleased to see that our business transformation programme is contributing so significantly to the strong Q1 result. The growth in North America continues and in Europe we see good developments in both Northern and Southern Europe, a trend we would like to see spreading to the core markets of Germany and France. Russia is the main challenge at the moment, but even with this important market at a low level we made solid progress in group profitability,” said company chief executive officer Jens Birgersson.
TechnoNicol to launch PIR foam insulation plant
Written by Global Insulation staff
13 May 2016
Russia: TechnoNicol plans to launch production of its polyisocyanurate (PIR) foam insulation plant in the Ryazan region on 24 May 2016. The new plant will have a production capacity of 30Mm2. Investment in the project amounts to Euro22.6m according to local press. The plant was originally scheduled for launch in the autumn of 2015.
Ineos Enterprises sells Ineos Styrenics to Synthos for Euro80m
Written by Global Insulation staff
13 May 2016
Poland: Ineos Enterprises has agreed in principle to sell Ineos Styrenics, its expandable polystyrene (EPS) business, to Synthos for Euro80m. Completion of the transaction is likely to occur in the second half of 2016, subject to customary regulatory approvals.
Ineos Styrenics produces EPS for the building, construction and packaging industries at manufacturing sites at Wingles and Ribécourt in Northern France and Breda in the Netherlands. The three production sites are supported by its technology Centre in Breda. Customer Service, Logistics and Finance groups are also located in Breda. The business employs around 250 people who will transfer as part of this deal.
“The aim of the acquisition will be to provide the highest quality EPS to ensure that EPS remain the insulation material of choice for our customers.” said Tomasz Kalwat, CEO of Synthos.
Synthos S.A. is one of the largest manufacturers of chemical raw materials in Poland. The company is the first European manufacturer of emulsion rubbers and is a leading manufacturer of polystyrene for foaming applications. The Company is traded on the Polish stock exchange with its headquarters located in Oświęcim
Climate Recovery announce agreement with MPN to provide air duct production equipment
Written by Global Insulation Staff
10 May 2016
Sweden: On 4 May 2016 Climate Recovery Ind AB Kalmar announced an agreement with Maschinen Production Negeli (MPN) to provide air duct production equipment to support the launch of the Climate Recovery (CR) Duct System. The CR Duct System offers benefits including: flat packaging of a round system, with up to 90 meters of duct on a single pallet; 50% lighter and 50% faster installation than sheet metal competition; noise damping qualities up to 6dBa/metre; and a more sustainable approach to the air-conditioning and ventilation markets.
MPN is a leading manufacturer of pipe section production units for glass wool, stone wool and ceramic wool and fully automatic aluminium-facing production units for pipe sections. The agreement between the two companies is an effort to secure the worldwide expansion and launch of the system. Grand Bernhardsson, President of Climate Recovery, said, “Working with MPN offers us the chance to offer our products and production on a much larger, international scale. Our goal is to industrialise this fragmented market at a global level.”