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News Displaying items by tag: India

Insulation industry news from Global Insulation

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Rockwool India announces upcoming Cheyyar insulation plant

23 August 2024

India: Rockwool India has commenced construction of a new US$65.5m mineral wool insulation plant in Cheyyar, Tamil Nadu. The Hindu newspaper has reported that the plant will produce 50,000t/yr of stone wool insulation from its commissioning in early 2026. The plant will employ 150 people and will overtake the Dahej, Gujarat, plant as Rockwool India’s largest. The subsidiary of Denmark-based Rockwool opened the 40,000t/yr Dahej plant in 2011.

Managing director Darryl Mathews said “Our non-combustible products are witnessing increasing demand in India. Additionally, we will introduce dual-density technology aimed at residential renovation and construction projects.”

Group chair Thomas Kähler said “I am pleased to announce our second investment in India. This expansion is just the beginning, as we anticipate further developments in response to the growing demand for our products.”

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Polyisocyanurate insulation market to grow by 6% every year until 2033

20 August 2024

World: Market research firm Future Market Insights (FMI) has forecast a composite annual growth rate of 6% in the global polyisocyanurate (PIR) insulation market up to 2033. This will result in 81% decade-on-decade growth to US$25.6bn in 2033. FMI noted technical developments affecting the use of customised PIR boards in the prefabricated construction as a main driver of the growth. Nationally, the market will have a CAGR of 8% in China, 7% in India, 6% in the UK, 5% in Canada and 4% in Germany.

FMI said “In the rapidly changing world of PIR insulation, innovation and sustainability have emerged as dynamic forces reshaping the industry’s trajectory. The market is going through a fundamental shift, moving beyond its traditional role of providing insulation and into uncharted territory where cutting-edge technologies are poised to redefine its boundaries.”

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Saint-Gobain India to double insulation production capacity

19 June 2024

India: Saint-Gobain India plans to double its production capacities of glass and stone wool insulation as part of a new investment phase, targeting revenues of US$4.3bn across its businesses by 2032. The Hindu newspaper has reported that this represents growth by a factor of three from 2023 levels. Saint-Gobain India noted the presence of ‘medium-sized companies in the insulation space’ as suitable targets for acquisitions. The investment phase will include total capex of US$719 – 959m from 2021 to 2025. The company had invested US$1.58bn up to the end of 2023.

Asia-Pacific and India regional CEO B Santhanam said "We have made huge investments in India, and quite a lot of them were in new plants."

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Saint-Gobain acquires Menkol Industries

11 December 2023

India: France-based Saint-Gobain has acquired waterproofing systems producer Menkol Industries. Menkol Industries operates a high-density polyethylene (HDPE) products plant in the Kinfra Industrial And Textile Park in Kanjikkode, Kerala.

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Saint-Gobain to acquire Twiga Fiberglass

24 February 2023

India: Saint-Gobain has entered into an agreement to acquire Indian market leader glass wool insulation producer Twiga Fiberglass, local press has reported. Twiga Fiberglass has produced insulation as a licensee of Saint-Gobain's glass wool insulation technology since 2005.

Saint-Gobain previously acquired stone wool insulation producer Rockwool India in February 2022.

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BASF commences polyurethane application development laboratory project

14 October 2022

India: Germany-based chemicals producer BASF has broken ground on its construction of a polyurethane (PU) application development laboratory in Mumbai, Maharashtra. From its inauguration in 2024, the laboratory will offer customer support services including customised formulations, line trials and training sessions PU industry partners, including insulation producers. In this, it will support the work of BASF’s existing Creation Center at its Mumbai Innovation Campus.

BASF’s senior vice president, performance materials Asia Pacific, Andy Postlethwaite said “As a part of the global innovation network, the lab will enable global and regional BASF teams to work closely with local customers in testing and formulation optimisation. BASF has been providing technical services to customers, enabling the co-creation of innovative product solutions with its high-performance materials. With our strength in innovation and comprehensive range of high-quality solutions, we help our customers meet increasingly stringent regulatory standards and optimise product properties for their specific needs at an early stage.”

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Knauf Insulation donates Urbanscape Green Roof for primary school in Kolkata

30 September 2022

India: Knauf Insulation has donated and installed a 600m2 insulative Urbanscape Green Roof at Piala Ashar Alo girls’ primary school in Kolkata, West Bengal. The roof includes a 2cm-thick layer of exposed mineral wool in which plants are able to grow. By retaining up to 47% of rainwater, the roof can help to prevent streets from flooding in the rainy season. Knauf Insulation’s Slovenia-based Urbanscape team supported the installation. The producer says that the renovation will protect learners from summer highs of 40°C and winter lows of 9°C, as well as seasonal dust squalls and downpours.

Head of building science Domen Ivanšek said “The flat surface of the 10cm-thick concrete roof was constantly hot, overheating the rooms below, and it was covered with a latex waterproof layer that was coming to the end of its life. When the school’s head said she wanted to provide the children with a place to learn about gardening and botanical science, it was clear that an Urbanscape Green Roof was the best solution all round.”

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Saint-Gobain to buy Rockwool India

22 December 2021

India: France-based Saint-Gobain has agreed to buy Rockwool India from Alghanim Group for an undisclosed amount. The acquisition will see Saint-Gobain enter the insulation sector directly in the country adding to its existing presence in the gypsum, glass and construction chemical sectors. The deal is subject to the completion of conditions set out in the agreement and approvals from the relevant authorities. It is expected to be completed in first quarter of 2022.

Rockwool India is a manufacturer of stone wool in India with a wide range of insulation products for thermal, acoustic and fire safety applications. It is also a licensee of Saint-Gobain technology for the manufacture of stone wool in the country. The company operates two production plants, one in Hyderabad and another in Silvassa, with a total capacity of around 50,000t/yr. Saint-Gobain also said that it has a ‘strong’ marketing network across the country.

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Huntsman implements natural gas surcharge on MDI sales in Europe, India, the Middle East and Africa

01 October 2021

World: US-based Huntsman has announced a natural gas surcharge of Euro125/t on its sales of methylene diphenyl diisocyanate (MDI) in Europe, India and the Middle East and Africa (MEAF), in response to an ‘unprecedented’ rise in natural gas prices in the region. The measure entered effect on 1 October 2021. The company says that this has adversely affected the energy inputs, intermediates and multiple feedstock costs incurred in its MDI production.
The new surcharge will operate in conjunction with any previously announced MDI price increases.

Huntsman's Polyurethanes president Tony Hankins said "Huntsman is already working with its customers to manage the impact of the surcharge, which was necessary to respond to the unexpected and unprecedented increase in our production costs."

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Ramnik Kohli appointed CEO of TechnoNicol India

17 September 2018

India: Russia’s TechnoNicol has appointed Ramnik Kohli as the chief executive officer (CEO) of Indian business. Previously, Kohli was the country head for Russia and Commonwealth of Independent States (CIS) for Micromax Informatics, according to Asian News International. He has also worked with Sistema Shyam Teleservices as Assistant Director. He holds a PhD in Economics and Marketing from the State University of Management in Moscow, Russia.

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