US: Kingspan has announced a US$25m investment for its Frederick County, Virginia insulation plant. It plans to add 15 new jobs, buy new equipment and upgrade the facility.
The plant has about 120 employees, according to Ed Bates, a Director of Manufacturing and Technology at Kingspan. "We're moving forward with the project," said Bates. "It's underway and we'll probably complete it in 2017. We've already initiated some hiring and we'll complete the hiring by 2018."
The Frederick County plant is Kingspan's only facility in the US that makes building wraps and insulation. The company, however, has other facilities in North America and around the world.
The uptick in the building industry factored into the expansion, according to Bates. "It's not back at the level it was at its peak in 2006, but we've seen a nice rebound in construction and there's high demand for insulation products due to their energy efficiency," said Bates. "It's a great time to invest."
