Insulation industry news from Global Insulation

Denmark/Russia: The Association of Ukrainians in Denmark has launched a protest outside Rockwool's headquarters in Hedehusene to demonstrate against the company's continuation of activities in Russia via its local subsidiary. Local press has reported that Rockwool allegedly told the Association of Ukrainians in Denmark that divesting the Russian business would allow its profits and future cash flows to remain in Russia.

In October 2022, Rockwool clarified that it remains out of contact with its Russian business and views their relationship as a mere ownership of shares.

Finland: The highest court in Finland has confirmed the finding of a serious infringement of antitrust laws by expanded polystyrene (EPS) insulation materials producers at appeal. Mondaq Business Briefing News has reported that two materials producers must now pay a fine of Euro3.2m. A third producer, which provided information to the Finnish Competition and Consumer Authority, received immunity for its involvement. The trio colluded on product pricing between November 2012 and mid-2014.