Insulation industry news from Global Insulation

Thailand: Eastern Polymer Group is set to spend US$2.8m upgrading its Aeroflex insulation production lines with automation technology. The investment is part of a total of US$14.3m being spent by the company on cost efficiency, according to the Bangkok Post. It previously spent US$11m in 2015 towards improving production costs in order to increase its profit margin.
Deputy chief executive Challeo Vitoorapakorn said that, although Aeroflex demand had slowed over the past few years, the company is expecting the construction industry to grow in 2017.

Thailand: Eastern Polymer Group has set aside US$8m to research and development of its insulation business. The funding will go towards new products and to enhance its production line with automatic and high-speed machinery for thermal insulation products under the Aeroflex brand, both domestic and international. Overall the company has set a revenue target of up to US$312m for its 2016 - 2017 financial year with a budget of US$57m for capital expenditure and mergers and acquisitions across its main businesses, according to the Nation.