Insulation industry news from Global Insulation

Australia: The Green Building Council of Australia has awarded Kingspan’s Somerton phenolic foam insulation plant for ‘leadership in sustainability, innovation, and promotion of more energy efficient building stock across nine impact areas.’

Green Building Council of Australia CEO Davina Rooney said, “What sets this project apart is that it is the first manufacturer to pursue and deliver performance certification, representing world leadership in sustainable building practices.” Kingspan Insulation Australia managing director Scott Gibson said, “Our facility in Somerton proves that with some effort, and using the right products, we can build better manufacturing buildings in Australia, not just offices and residential. I hope that more manufacturers decide to take this challenge on in the future.”

Davy Stockbrokers has predicted that Kingspan’s profit will fall by 27% year-on-year to Euro365m in 2020, according to the Irish Independent newspaper.