Insulation industry news from Global Insulation
Kazakhstan: Russia-based TechnoNICOL has begun building its upcoming US$124m Karaganda insulation plant. Interfax Kazakhstan Newswire has reported that the plant will export 30% of its insulation to Russia. Additionally, it will export some insulation to China, Kyrgyzstan, Mongolia and Uzbekistan.
Strabag acquires Naporo Klima Dämmstoff 03 May 2024
Austria: Strabag has acquired hemp insulation producer Naporo Klima Dammstoff from Synthesa. SeeNews has reported that Strabag expects the acquisition to help it to expand its product range in line with its 2040 decarbonisation target. Meanwhile, Naporo Klima Dammstoff says that it will work with Strabag to explore new applications for its products, including in green roofs and as acoustic insulation.
Synthesa managing director Georg Bluemel said “In Strabag, we have found a partner who will continue to write Naporo’s success story in the future. We look forward to additional growth prospects for the company and its employees.”
US: The National Insulation Association (NIA) has renamed its President’s Award as the Ronald King Distinguished Service Award. The award is the NIA’s highest recognition of outstanding service. The rebrand honours industry veteran Ron King, who received the award twice, in 1986 and 2001.
Speaking of King, NIA President Laura Dover said “We are deeply grateful for your invaluable service to the NIA and this industry.”