Insulation industry news from Global Insulation

US: Carlisle Construction Materials’ net sales rose by 4.4% year-on-year to US$484m in the fourth quarter of 2015. The building products manufacturer attributed the growth to demand for insulation application and commercial roofing and good weather. It also benefitted from lower raw material costs and improved business practices although this was partially offset by lower selling prices.

Overall, the Carlisle Companies subsidiary reported that its net sales rose by 3.5% year-on-year to US$2bn in 2015 from US$1.94bn in 2014. Its earnings before interest and income taxes rose by 30.6% to US$351m from US$269m.

US: Owens Cornings has reported that net sales for its insulation business rose by 6% year-on-year to US$1.85bn in 2015 from US$1.75bn in 2014. Its earnings before interest and taxation (EBIT) rose by 48% to US$160m from US$108m.

Overall, the roofing, insulation and composites manufacturer saw its net sales rise slightly to US$5.35bn in 2015 from US$5.26bn in 2014. Net earnings rose by 46% to US$334m from US$228m.

“Strong operational and commercial execution drove significant earnings growth in all three of our businesses, resulting in the best year of earnings growth in the history of our company,” said Chairman and Chief Executive Officer Mike Thaman.

For its insulation business, the company expects revenue growth and margin expansion to be weaker in 2016 than 2015. It noted that its prospects are dependent upon the progression of pricing and volume in the US residential new construction market.

UK: Superglass has appointed Jan Holmstrom to its board. Holmstrom, aged 63 and a Swedish national, will represent Superglass's majority shareholder Peter Gyllenhammar as non-executive director, according to the Herald. Gyllenhammar owns 38.3% of the shares in Superglass.

Russia: Mineral wool consumption fell by 12.8% year-on-year to 34Mm³ in 2015. Previously, consumption of heat insulation materials grew by 7% per year on average between 2010 and 2014, according to CM PRO. Continued decline in insulation consumption volumes are expected in 2016.

Canada: An Owens Corning fiberglass insulation plant in Edmonton has been ordered to monitor its emissions following a fire in early January 2016. The fire on 4 January 2016 damaged the plant's secondary air scrubber on its insulation batting production line.

Without the second scrubber the plant is contravening its Environmental Protection and Enhancement Act approval. A remedial solution to replace the curing oven's secondary air scrubber could take more than six months to implement.

As part of an enforcement order Owens Corning must monitor and notify Alberta Environment and Parks of any significant deviation from normal performance of the primary air emission scrubber on the curing oven. If the plant exceeds any air emission limits then production must immediately stop. Additional monitoring on the curing oven stack, including manual stack surveys, and an approved ambient air-monitoring plan are also required.

US: The Polyisocyanurate Insulation Manufacturers Association (PIMA) announced that SOPREMA has joined the group as a manufacturing member.

"The addition of SOPREMA to both the polyiso industry and the PIMA family reflects the continuing growth of polyiso as North America's insulation product of choice," said Jared Blum, President PIMA. "SOPREMA's construction industry leadership role is well acknowledged and the PIMA Board of Directors looks forward to the active involvement of the company."

SOPREMA joins PIMA's six manufacturing members: Atlas Roofing, Firestone Building Products, GAF, Hunter Panels, Johns Manville and Rmax.

SOPREMA is an international manufacturer that specialises in the development and production of innovative products for waterproofing, insulation, soundproofing and vegetated solutions for the roofing, building envelope and civil engineering sectors.

"SOPREMA is proud to join PIMA and contribute to the energy performance of buildings and the reduction of greenhouse gases as a manufacturer of high-performance insulation boards," said Richard Voyer, Executive Vice-President and CEO of SOPREMA North America.

UK: Around 24t of insulation material was damaged in an overnight after a fire at Knauf Insulation factory in Croesyceiliog, Wales. Three crews of firefighters were called to the fire at 01:22. A spokeswoman for the fire service said the blaze was accidentally caused. The firefighters had put the fire out by 03:31.

US: Kingspan has announced a US$25m investment for its Frederick County, Virginia insulation plant. It plans to add 15 new jobs, buy new equipment and upgrade the facility.

The plant has about 120 employees, according to Ed Bates, a Director of Manufacturing and Technology at Kingspan. "We're moving forward with the project," said Bates. "It's underway and we'll probably complete it in 2017. We've already initiated some hiring and we'll complete the hiring by 2018."

The Frederick County plant is Kingspan's only facility in the US that makes building wraps and insulation. The company, however, has other facilities in North America and around the world.

The uptick in the building industry factored into the expansion, according to Bates. "It's not back at the level it was at its peak in 2006, but we've seen a nice rebound in construction and there's high demand for insulation products due to their energy efficiency," said Bates. "It's a great time to invest."