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News Rockwool cancels Vyborg insulation plant expansion

Rockwool cancels Vyborg insulation plant expansion

Written by Global Insulation staff
22 March 2022
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Russia: Denmark-based Rockwool has cancelled plans for a Euro200m expansion to its Vyborg stone wool insulation plant in Russia. In a statement, the company said that it would continue its operations in the country, while also respecting international sanctions. Rockwool employs 1200 people in Russia, 10% of its total employees.

In defending its decision to maintain ordinary operations, the producer said “For Rockwool, there is no contradiction in standing side by side with the Ukrainian people and at the same time standing side by side with our Russian colleagues.” It added that it has donated to the Danish Red Cross to support Ukrainian victims of the Russian invasion of Ukraine.

Published in Global Insulation News
Tagged under
  • Denmark
  • Rockwool
  • Stone wool insulation
  • sanctions
  • Plant
  • staff
  • Russia
  • Ukraine
  • Danish Red Cross
  • charity

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