Insulation industry news from Global Insulation
Kingspan grows sales following acquisitions 27 February 2019
Ireland: Kingspan’s revenue grew by 19% year-on-year to Euro4.37bn in 2018 from Euro3.67bn in 2017. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 18% to Euro521m from Euro442m. Insulated panels sales rose by 21% to Euro 2.82bn due to good sales in the Americas and Europe. Insulation boards sales grew by 12% to Euro 864m due to the group’s acquisition of Synthesia Insulation in Spain, on-going growth of its Kooltherm product and general market buoyancy.
“2018 was a year of strong growth for Kingspan, with the company delivering revenues of over Euro4bn for the first time. Performance has been robust in most of our major markets, and momentum has improved through the year,” said Gene M Murtagh, chief executive of Kingspan.
Owens Corning’s insulation division boosts group earnings in 2018 27 February 2019
US: Owens Corning’s insulation sales rose by 36% to US$2.72bn in 2018 from US$2bn in 2017. Its earnings before interest and tax (EBIT) increased by 64% to US$290m form US$177m. Overall, across all business lines, its sales and earnings grew in 2018 but slower than the insulation division.
“Owens Corning had another record year in terms of revenue and adjusted EBIT, with all three businesses delivering double-digit EBIT margins,” said chairman and chief executive officer (CEO) Mike Thaman.
Femke de Jong appointed as Climate & Energy Manager at European Insulation Manufacturers Association 27 February 2019
Belgium: Femke de Jong has been appointed as Climate & Energy Manager at European Insulation Manufacturers Association (EURIMA). She will be responsible for all the climate and energy related topics within the multidisciplinary EURIMA-staff relating to energy efficiency first, energy efficiency in buildings, building renovation, the implementation of the Clean Energy for All Europeans Package, Long Term Climate & Energy Strategies, the European Union (EU) Emissions Trading Scheme (ETS) and the support of and cooperation in EURIMA’s partners and allies network.
De Jong is a graduate in Econometrics. She holds over a decade of experience in climate, energy and environmental policies in consultancy, politics and the non-profit sector. She worked for almost five years at Carbon Market Watch as the organisation's policy director. Before that, she was a political advisor in the European Parliament and a researcher at environmental consultancy CE Delft.
