Insulation industry news from Global Insulation
Rockwool plans new Soissons insulation plant 24 June 2021
France: Denmark-based Rockwool plans to begin building a new stone wool insulation plant at Soissons, Aisne department in 2022. The new plant will use an 80%-reduced-CO2 electric melting production method previously employed at Rockwool’s Moss insulation plant in Norway in 2020. The company says that, when commissioned in 2024, the new plant will generate 130 jobs.
France and Southern Europe regional managing director Rafael Rodriguez said, “We are pleased that our investment in Soissons will enable us to better support the government’s ambitious efforts as well as the social and economic development of the local communities. With our more than 40-year history in France, this new facility is a natural next step for us in a market that continues growing in importance.”
Ireland: Kingspan has forecast first-half consolidated net sales growth of 40% year-on-year in 2021 to Euro2.90bn from Euro2.07bn in the first half of 2020. It predicted a rise in operating profit of 57% to Euro315m from Euro200m. The company concluded its acquisition of Denmark-based pipe insulation producer Logstor International Holding on 22 June 2021 for Euro253m.