Insulation industry news from Global Insulation
Ireland: Kingspan’s revenue rose by 12% year-on-year to Euro2.24bn in the first half of 2019 from Euro2.01bn in the same period in 2018. Its profit grew by 18% to Euro173m from Euro147m. Sales of its panel and boards products increased but panel sales growth was faster, supported by most territories with the exception of the Middle East.
“We have delivered a record first half with revenue growth in all our business units and a strong trading profit performance. We continue to expand our global production footprint with new facilities under construction in the US, Brazil and Sweden. The near-term outlook is solid although the political uncertainty in the UK, weakness in Serling, and weaker German economy are amongst risks we are monitoring closely,” said Gene Murtagh, the chief executive of Kingspan.
The building materials company is close to completing a new insulation panel plant at Modesto, California in the US. A new panel plant is also being considered in Pennsylvania, US and a new panel plant in Cambuí, Brazil is expected to be operational by the fourth quarter of 2019. A new board plant in Sweden is scheduled to start production in mid-2020.
US: The North American Insulation Manufacturers Association (NAIMA) has awarded R-Value Certification to Johns Manville’s fiberglass batt and narrow roll insulation products. NAIMA’s R-Value Certification program is a voluntary program that allows manufacturers to certify that the R-values for their products comply with the thermal performance requirements of the Federal Trade Commission’s (FTC) Home Insulation Rule. The have been tested by an independent, third party laboratory and meet the thermal performance required by the FTC. As per the FTC requirements, materials are tested using a standardised test method designed by ASTM International, an organisation that establishes internationally recognised test methods and standards.