Insulation industry news from Global Insulation
US: Owens Corning commenced construction of its planned US$60m Russellville extruded polystyrene (XPS) insulation plant in Arkansas. When commissioned in 2025, the plant will employ 50 people and produce Owens Corning’s Foamular NGX XPS insulation. Local press has reported that the move represents the company’s third expansion in Arkansas since the start of 2022. It has been present in the state since 1985.
Owens Corning vice president and general manager, foam insulation, Rodney Wideman said "This new plant and today's groundbreaking ceremony represents commitment to our customers' growth and the Russellville community.”
Soprema to buy Saint-Gobain’s majority stake in Celotex 11 December 2023
UK: France-based waterproofing and insulation group Soprema has agreed to acquire a 75% stake in Celotex. Dow Jones Institutional News has reported that Celotex is presently a subsidiary of Soprema’s fellow France-based conglomerate Saint-Gobain. After completion of the deal in early 2024, Saint-Gobain says that it will retain a 25% stake in Celotex.
Celotex controls the Ipswich polyisocyanurate (PIR) insulation plant in Suffolk.
Saint-Gobain acquires Menkol Industries 11 December 2023
India: France-based Saint-Gobain has acquired waterproofing systems producer Menkol Industries. Menkol Industries operates a high-density polyethylene (HDPE) products plant in the Kinfra Industrial And Textile Park in Kanjikkode, Kerala.
