Insulation industry news from Global Insulation
Armacell reports record sales in first half of 2019 02 September 2019
Germany: Armacell has recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first half of 2019 of Euro63.4m, up by 29.2% year-on-year from Euro50.6m in the six months to 30 June 2018.
Armacell recorded half-year sales of Euro322m, up by 6.3% from Euro303m. CEO Patrick Mathieu notied the strong performance of both advanced insulation and engineered foams. The first half of 2019 was notable for an increase in Armacell’s Chinese polyethylene terephthalate (PET) production capacity and a commercial cooperation agreement in April with Thermaflex in Russia.
North American sales of thermoplatic polyurethane rise 02 September 2019
North America: Sales of thermoplatic polyurethane (TPU) has increased year-on-on year in the six months to 30 June 2019 by 4.0%. The proportion of domestically produced TPU exported fell by 38.3%.
Data from the American Chemistry Council and Vault Consulting indicate American demand responding well to TPU’s tensile strength and grease resitance, even as polyurethanes lose out to substitutes in the Asian and European insulation sectors.
