US: Owens Corning’s insulation sales for the first quarter of 2018 has risen significantly followings its acquisition of Finland’s Paroc. Its net sales for its insulation business rose by 49% year-on-year to US$596m in 2018 from US$399m in the same period in 2017. Earnings before interest and taxation (EBIT) rose to US$32m from US$5m. It completed its acquisition of Paroc Group, and its range of European mineral wool insulation production plants, on 5 February 2018.
