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News Kingspan Czechia’s sales drop in 2023

Kingspan Czechia’s sales drop in 2023

Written by Global Insulation staff
23 July 2024
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Czech Republic: Kingspan Czechia’s sales dropped by 22% year-on-year to €142m in 2023. Its profit also declined, by 42% to €6.27m. Throughout the year, the company produced 4.66Mm2 of insulation panels, down by 4% from 2022 volumes. It reported total export sales of €108m, down by 23%. The main markets for the producer’s insulation were Germany, Austria, Switzerland and Slovakia. It holds a 25% market share in insulation sandwich panels in its native Czech Republic, up from 22% at the start of 2023. ČTK Business News has reported that Kingspan Czechia plans to begin construction of a new mineral wool insulation panels plant later in 2024.

General manager Stanislav Cihlar said "The new plant will be used to produce world-class insulation panels and will become an important pillar for our future growth.”

Last modified on 23 July 2024
Published in Global Insulation News
Tagged under
  • Kingspan
  • Czech Republic
  • Kingspan Czechia
  • Results
  • panel
  • Sales
  • Exports
  • market
  • Austria
  • Germany
  • Slovakia
  • Switzerland
  • Plant

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