Insulation industry news from Global Insulation

US: Owens Corning’s sales were US$5.09bn in the first half of 2024, up by 4% year-on-year from US$4.89bn in the first half 2023. The company's adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the period was US$1.31bn, up by 14% from US$1.15bn one year previously.

Chair and CEO Brian Chambers said "Owens Corning delivered another outstanding quarter, generating strong margins and cash flow while completing the acquisition of Masonite and continuing our review of glass reinforcements. Through our talented people and highly valued customer partnerships, we continue to outperform the market as we transform and grow into an even stronger residential and commercial building products company for the future."

Belarus: A delegation from the Belarusian Universal Commodity Exchange (BUCE) has entered into negotiations with Chinese synthetic fibres producers for the import of their materials. UZDA News has reported that the products will serve as raw materials for the Belarusian light building materials industry.

BUCE said "Chinese companies have become increasingly active, making regular transactions. This year, China supplied Belarus with spare parts, industrial tools, and technological equipment – mainly import-substituting products.”

Chinese imports were valued at US$84m in the opening seven months of 2024, more than double the figure for the corresponding period in 2023.