
Insulation industry news from Global Insulation
Canada: The Competition Bureau of Canada has cleared France-based Saint-Gobain to acquire Building Products of Canada. Building Products of Canada produces wood fibre insulation panels, among other materials for construction. Saint-Gobain says that the company complements its subsidiary CertainTeed Canada’s existing operations. It expects to complete the acquisition on 1 September 2023.
Canada: Saint-Gobain has entered into a definitive agreement to buy Building Products of Canada for around Euro925m in cash. The privately owned company manufactures residential roofing shingles and wood fibre insulation panels. The acquisition is intended to reinforce Saint-Gobain’s position in light and sustainable construction in the Canadian market. Closure of the transaction is subject to customary conditions and expected by the end of 2023.
Benoit Bazin, chief executive officer of Saint-Gobain, said “This is an important and logical step for Saint-Gobain, allowing us to establish a leading position in roofing in Canada, completing our offering for the building envelope which we have reinforced with the recent Kaycan and GCP acquisitions. It completes our offering of solutions for light and sustainable construction in Canada as we have done successfully in the US.”
Price rises drive Rockwool’s sales and earnings in 2022
13 February 2023Denmark: Rockwool’s net sales grew by 27% year-on-year to Euro3.91bn in 2022 from Euro3.09bn in 2021. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6% to Euro638m from Euro602m. The group reported a strong start to 2022 with high demand for its stone wool insulation products. In the second half of the year it noted a decline in construction activity in key markets. However, it increased its prices leading to increased sales. By region the group said that sales grew in Europe and Asian markets, were flat in the US and declined in China.
Chief executive officer Jens Birgersson said, “Looking forward, we expect construction activity to continue slowing down in the coming period. We anticipate the energy efficiency agenda in both Europe and North America will accelerate renovation rates in the mid-term and create higher demand for our circular and non-combustible stone wool. We will continue to invest in more capacity to support our long-term growth”.
Together with the group’s chair Thomas Kähler, he also defended the company’s decision to continue the ownership of a subsidiary in Russia. “If we were to depart Russia, our factories and the intellectual property rights to our unique technology would most likely be nationalised or otherwise transferred to local players. Since the factories operate independently of our head office, they would continue to operate - just under different ownership. It therefore remains our view that retaining the business in Russia is the least bad option available to us. And of course, we will continue to comply with all international sanctions.”
Rockwool said that it had added production capacity for its Grodan agricultural stone wool range at its plant in Toronto, Canada and capacity for its Rockfon stone wool ceiling panel range at its Cigacice plant in Poland. In China it had opened a new plant at Qinyuan in December 2022 to replace its mineral wool unit at Guangzhou, which closed in September 2022. It also reported that plans to build a new stone wool plant at Soissons in France had been delayed due to a local legal challenge. Notable upgrades in 2022 included the start of a conversion project to electric melting technology from fossil fuels at the Flumroc plant in Switzerland, with a commissioning date scheduled for 2024. This project follows a similar one at the Moss plant in Norway that was completed in 2020.
Owens Corning prepares to launch new extruded polystyrene foam insulation product line
12 August 2020US: Owens Corning has announced a new line of extruded polystyrene (XPS) foam insulation products called Foamular NGX. It is set to go on sale in the US and Canada in January 2021. It says that the proprietary blowing agent in the products deliver a 90% reduction in global warming potential (GWP) without sacrificing product performance. It is Underwriters Laboratory (UL) listed, Factory Mutual (FM) approved and compliant with regulations set to take effect in Canada and some US states in January 2021. The environmental benefits of the products will be reflected in a new Environmental Product Declaration (EPD). The new product line will retain the signature Owens Corning pink colour.
DuPont to launch extruded polystyrene foam insulation product with lower greenhouse gas emissions
17 July 2020US: DuPont plans to launch new extruded polystyrene foam insulation products in its Styrofoam brand with reduced global warming potential (GWP) from the start of 2021 to meet its 2030 Sustainability Goals and comply with adopted and upcoming state and provincial hydrofluorocarbon (HFC) regulations throughout the US and Canada. The company also expects a reduction in embodied carbon to be reflected in an updated Environmental Product Declaration (EPD), which will be available with the new products.
"We are taking a thoughtful, phased approach to launching this latest Styrofoam innovation to ensure we are providing a sustainable, code-approved solution that does not sacrifice the performance our customers have come to trust," said Tim Lacey, Global Vice President & General Manager, DuPont Performance Building Solution.
CertainTeed Canada strikes glass mineral wool insulation distribution deal with CanWel Building Materials
26 June 2020Canada: CertainTeed Canada has started a multi-year partnership with CanWel Building Materials for the distribution of glass mineral wool insulation products via CanWel’s networks. CanWel has added CertainTeed’s insulation products to its Lumber, Building Materials channel. CanWel has its headquarters in Vancouver, British Columbia and it distributes a range of building materials, lumber, and renovation products.
Rockwool North America releases thicker version of Safe’n’Sound stone wool insulation product
09 June 2020Canada: Rockwool North America has released its Safe’n’Sound stone wool insulation product in a new thickness of 15.24cm (6”). The new thickness offering is planned to help reduce installation time. The product is designed for fire insulation and sound dampening between floors.
Huntsman appoints spray polyurethanes foam presidents
27 February 2020US: Huntsman has reorganised its spray polyurethanes foam (SPF) insulation business, combining subsidiaries Demilec and Icyene-Lapolla under a new leadership team. The company has named as divisional presidents Simon Baker, who will oversee operations in Canada and fast-growing global markets, and Doug Kramer, who will be responsible for the United States. Huntsman polyurethanes president Tony Hankins said, “To bring the two businesses together as one enables Huntsman to provide an unmatched offering of open- and closed-cell insulation products and accelerates the globalisation of our SPF platform.”
Huntsman acquires Icynene-Lapolla
17 December 2019US: Huntsman has announced an agreement to acquire Icynene-Lapolla, a North American manufacturer and distributor of spray polyurethane foam (SPF) insulation systems for residential and commercial applications, for US$350m from an affiliate of FFL Partners. Icynene-Lapolla operates two manufacturing facilities located in Houston, Texas and Mississauga, Ontario. The transaction is expected to close in the first half of 2020.
“I am delighted that Icynene-Lapolla is joining our downstream, high-growth MDI urethanes insulation business. Icynene-Lapolla is well recognised by architects, builders and contractors as a market leader in the manufacture and supply of high-performance, energy-efficient building envelope solutions,” said Tony Hankins, the president of Huntsman's Polyurethanes division. He added that the combination of Icynene-Lapolla, with its SPF product range and reflective roof coatings, with Demilec, the SPF business that Huntsman acquired in 2018, would ‘significantly’ strengthen its energy-saving insulation business.
North America: A survey by the North American Insulation Manufacturers Association (NAIMA) shows that its members used around 1.17Mt of recycled glass to produce residential, commercial and industrial thermal and acoustical insulation in 2018. The survey included data from both US and Canadian production plants. Producers also used over 0.45Mt of recycled blast furnace slag in the production of thermal and acoustic insulation.