Insulation industry news from Global Insulation

Denmark: Rockwool says that high construction and renovation activity in the residential sector mainly drove its insulation sales in 2021. Insulation business sales grew by 20% year-on-year to Euro2.29bn in 2021 from Euro1.91bn. Its earnings before interest and taxation (EBIT) rose by 17% to Euro275m from Euro236m. Strong growth was reported in Europe, solid sales in North America but some parts of China and elsewhere in Asia were negatively affected by coronavirus-related closures of some markets. The producer commented that its insulation sales increased ‘significantly’ in 2021 even compared to 2019 before the coronavirus pandemic started. However, it warned that “sales prices and productivity gains did not fully offset the accelerating inflation on production materials, energy and logistic costs.”

“The surprising speed of the 2021 economic rebound also brought challenges, including inventory and material shortages in some markets as well as logistics challenges that required creative solutions. Special thanks go to our customers for their patience and especially our people working in the factories and across the commercial, technical, procurement, and support teams, who worked together to reduce customer delays,” said chair Thomas Kähler and chief executive officer Jens Birgersson in a statement. Overall, group net sales grew by 19% to Euro3.09bn from Euro2.60bn. EBITDA increased by 15% to Euro602m from Euro522m.

Germany: Knauf Insulation has compiled its sustainability targets, progress and related information on its products online. The so-called ‘sustainability chapter’ is intended to highlight how Knauf Insulation products can make buildings more sustainable and also charts the company’s progress to reduce its own environmental impact as part of its ‘For A Better World’ initiative.

Jure Šumi, Knauf Insulation’s Group Digital and Brand Manager, said “The new chapter on sustainability is a showcase of valuable information for anyone who wants to create better buildings while taking care of the environment and society.” He added, “It offers valuable insight into how our solutions can lower the environmental impact of buildings with news and case histories in every section highlighting what Knauf Insulation is doing For A Better World.”

The newly organised section on Knauf Insulation’s website lets interested parties download Environmental Product Declarations (EPD) for its products. In addition, the site offers downloadable documents showing how Knauf Insulation products can contribute points to the world’s green building rating systems such as BREEAM, LEED, DGNB and WELL.

The company’s also explains online how it is reducing the environmental impact of its operations in line with its ‘For A Better World’ sustainability strategy. It has set targets for 2025 including sending zero waste to landfill, cutting its accident rate by 55% and reducing the embodied carbon of products by 15%. Knauf Insulation promises regular updates on its progress and initiatives to achieve these targets.

Belgium: Recticel Insulation has obtained Programme for the Endorsement of Forest Certification (PEFC) for its multilayer thermal insulation products. It says that it is the first polyisocyanurate (PIR) and polyurethane (PUR) producer to do so. The insulation manufacturer will be selling thermal insulation products, with multilayer paper facings made from wood fibres sourced from a PEFC-certified and sustainably managed forests. The PEFC label will be added to its Recticel Eurowall, Eurothane Silver, Eurothane Silver A, Eurofloor, Euroroof, Eurothane GP, Eurowall Cavity and Eurothane Eurodeck products.

Recticel Insulation already held the PEFC label for some of its insulation products manufactured at its plants in Bourges, France and Stoke-on-Trent, UK. The certification is now being gradually rolled out to more products and to all plants where multilayer facings are used.

Slovakia: Ireland-based Kingspan has stopped an attempt to buy Trimo due to difficulties obtaining approval from the European Commission. Regulatory approval failed to arrive before a deadline set in August 2020 when Kingspan and Polish private equity fund Innova Capital signed a contract for the sale, according to the Finance newspaper and the Slovenian Press Agency. During its investigation the commission expressed concerns that the acquisition could reduce competition and lead to price rises in several countries. It added that the acquisition would have created the largest supplier of mineral wool sandwich panels in Europe.

Trimo was acquired by Innova Capital in 2016. It produces mineral wool sandwich panels and is reportedly the second largest seller of the products in Europe with a 10% market share. It operates production plants in Slovenia and Serbia and most sells panels in Europe. Innova Capital is expected to select a new buyer for Trimo.

France: Knauf France has launched ThermaSoft Natura, a domestic thermal insulation product made from plant-based materials. It will be made using cotton scraps from textile manufacturing, jute fibres from recycled food bags and flax fibres from agricultural crops, according to Le Moniteur. The product will be manufactured in the Lyon region and distributed from April 2022.

Russia: TechnoNicol plans to invest around Euro350m towards building two stone wool plants as well as other expanded production in other business areas including agricultural applications. A 1.5Mm³/yr stone wool plant will be built in the Novgorod special economic zone, according to the AK&M Information Agency. Construction of a new 1.4Mm³/yr stone wool plant near Almaty in Kazakhstan is scheduled to start in the first quarter of 2022. Both project have a combined an investment of Euro127m. Additionally, the insulation producer is reportedly looking for a site to build an additional stone wool plant in the far east of Russia.

The company also plans in 2022 to launch a new production line for stone wool substrates for use in greenhouse farming at a plant in the Rostov region. Around Euro6m will be spent on the upgrade. Once complete the line will be able to supply the Southern Federal and South Caucasus districts. It will be TechnoNicol’s third production line for mineral wool substrates, joining plants at Ryazan and Tatarstan.

Australia/Germany: Australia-based Fortescue Future Industries (FFI) and Germany-based Covestro plan to start a long-term agreement for the supply of green hydrogen and its derivatives, including ammonia. According to the memorandum of understanding, FFI and Covestro will formalise an agreement under which FFI will supply Covestro with the equivalent of up to 100,000t/yr of hydrogen. The deal will enable Covestro to reduce its greenhouse gas emissions, from using grey hydrogen, by up to 900,000t/yr of CO₂ per year. The deliveries are earmarked for three potential locations – in Asia, North America and Europe - and could commence by 2024.

Green hydrogen is hydrogen made using renewable energy sources. FFI’s ambition is to grow its green hydrogen production to 15Mt/yr of green hydrogen by 2030, accelerating to 50Mt/yr in the following decade.

Covestro uses hydrogen and its derivatives as feedstock in the production of polymers. It produces a wide range of products including those used for thermal insulation in construction.

Netherlands: Belgium-based Triple Helix has signed an agreement as one of the first concessionaires at the NextGen District at the Port of Antwerp. It plans to build a plant to convert polyurethane foam, from insulation panels and other sources, into polyols. These chemicals can then be reused, for example in the production of new polyurethane products. The plant is intended to be fully circular and self-sufficient in terms of energy.

Steven Peleman, the chief executive officer of Triple Helix, said “To drastically reduce emissions and waste pollution, we want to show the principle of material reincarnation to the world. In our plant at NextGen District, we want to recover polyurethane foams at the end of their life and transform them into their main components to be used again in new products. This is innovative and challenging, but with Port of Antwerp, BlueChem and our industrial and knowledge partners, we are ready to fight this battle. Not words but deeds!”

The Port of Antwerp has set aside the former 88 hectare General Motors site to develop into a future circular economy hotspot. Rubber and plastics recycling company US-based Bolder Industries has also signed up for an early place at the port.

UK: Kingspan has recalled all uninstalled Kooltherm K15 phenolic insulation from UK customers pursuant to an order by the government’s Office for Product Safety and Standards. The company estimates the value of the affected stock to be Euro180,000. InsideHousing News has reported that the company hopes to resume its sale of Kooltherm K15 insulation following its suspension on 23 December 2021.

Kingspan says that recent tests have shown that Kooltherm K15 insulation is eligible for a C rating under European safety standards, which would enable it to be fitted in buildings of above 18m in heigth.

Romania: Belgium-based Knauf Insulation has agreed to acquire the Târnăveni glass wool plant from Gecsat for an undisclosed sum.

Dominique Bossan, the group chief executive officer of Knauf Insulation, said “The Romanian acquisition will support Knauf Insulation’s growth ambitions and add extra capacity to meet increasing demand for our solutions across the Eastern European and Commonwealth of Independent States (CIS) regions.” He added that the company plans to upgrade the plant after the acquisition has been completed.