Insulation industry news from Global Insulation

Belarus: Gomelstroymaterialy has entered talks with the administration of St Petersburg’s Krasnogvardeyski District over the possible start of exports of insulation and wall panels to the Russian population centre. Business World Magazine has reported that construction, especially of social facilities, is also an area in which the local government officials say they would like to advance cross-border cooperation.

Poland: Major cement producer Holcim has entered into an agreement to acquire waterproofing, adhesives, polystyrene products and plaster producer Izolbet. Izolbet employs 170 people and operates four production plants in Budzyń, Gostynin, Kleszczów and Chmielów, with most of its business in the high-growth repair and refurbishment market. Holcim says that the new acquisition will help to strengthen its footprint in the renovation, thermal insulation and finishing segment.

Europe, Middle East and Africa region head Miljan Gutovic said “Speciality building solutions have been a key focus for expanding Solutions & Products in Europe, notably with the recent acquisitions of PRB Group in France and PTB-Compaktuna in Belgium. I’m excited to be welcoming all of Izolbet’s employees into the Holcim family, to unleash our next chapter of growth together.

New Zealand: Import tariffs on a range of building materials have been suspended in a move that is estimated to reduce the cost of a new home by US$3500. The suspension was announced in the May budget and comes into effect on 1 July 2014.

"The building materials covered by the tariff suspension comprise about 90% of the cost of the material in an average new house," said housing minister Nick Smith. He added that the tariffs would be suspended for five years. "It includes materials such as roofing, cladding, framing, windows, doors, insulation, plumbing and electrical components."

The government has already removed anti-dumping duties for building materials as part of its strategy to bring down the cost of new homes. "There is no single magical solution. It is about making a whole lot of changes that aggregate together to make homes more affordable," said Smith.