Insulation industry news from Global Insulation

Lithuania: Russia-based TechnoNicol has divested its Baltic roofing and waterproofing membranes business, Mida, to France-based Soprema. The business includes plants in Lithuania. TechnoNicol acquired Mida in 2001. BNS News has reported that its sales dropped by 17% to €38m in 2023, following the Russian invasion of Ukraine.

Mida said "Mida has completely cut off all ties with its former owner, Technonicol. Mida is beginning a new stage in the growth of its business in Europe."

US: Knauf Insulation has secured US$3.28m in funding from the Environmental Protection Agency (EPA) to develop and verify Environmental Product Declarations (EPDs) for insulation. Knauf Insulation will produce the EPDs based on comprehensive Life Cycle Assessments of its products.

Knauf North America director of sustainability Gabriela Fleury said "Transparency is embedded in our core values and a key component of our business conduct. It is imperative that our product documentation provides accurate, reliable and updated information to our stakeholders. This grant will leverage the development and improvement of EPDs, which not only allows clients to make informed decisions about lower embodied carbon products, but also indicate areas of improvement to lower greenhouse gas emissions throughout our operations. This grant represents a significant sustainability leap for all of our stakeholders. It enables us to enhance our EPD portfolio, meeting increasing market demands for product transparency."

New Zealand: Fletcher Building has appointed Tony Dragicevich as a non-executive director and member of its board of directors, effective from 1 August 2024. Dragicevich previously served as managing director and CEO of aluminium producer Capral, and has held leadership positions at Wattyl Group, GWA Bathrooms and Kitchens, Red Paper Group and Carter Holt Harvey Insulation. He holds a commerce degree from the University of Auckland.

Acting chair Barbara Chapman said "Tony is a highly accomplished CEO and director who brings significant experience in leading distribution and manufacturing businesses across Australia and New Zealand. His successful career in the building products sector, combined with his strong track record of delivering value for shareholders, make him an excellent addition to Fletcher Building's Board."