UK: Superglass’ revenue grew by 34% year-on-year to Euro37.9m in 2018 from Euro27.2m in 2017. Its profit rose by 37% to Euro0.65m. The subsidiary of Russia’s TechnoNicol Group said that it benefitted from increased sales, higher selling prices and operational cost efficiencies.
“Demand for glass wool insulation continues to be very strong both domestically and in export markets, and with the major manufacturing investment we’re making in the Stirling site, Superglass is set to double its production output capabilities and capitalise on the opportunity,” said Theresa McLean, Chief Financial Officer for TechnoNicol UK and Ireland.
