Insulation industry news from Global Insulation

US: Kingspan has launched its QuadCore insulation panel products in North America at the AIA Conference on Architecture in New York. The insulated metal panel products use a hybrid insulation core with a closed microcell structure. Initially, Kingspan will offer QuadCore in its KS Shadowline, KS Micro-Rib and Optimo panels, and QuadCore will eventually be available in all Kingspan insulated metal panels.

Australia: Kingspan Australia has complained that its can’t compete against foreign competitors due to shipping charges at the Port of Melbourne. Charges at the port have led to the state government to consider taking action. Kingspan says it has conducted an international benchmarking survey across ports it uses, including those in the UK, the UAE, China and South Korea. It found that Melbourne was the most expensive and one of the most expensive ports in the world for terminal handling and port service charges.

Exports comprise a third of the output of Kingspan’s plant at Somerton. Further plans to upgrade the plan depend on its export market. The US$30m plant opened in mid-2017.

Australia: Kingspan Insulation Australia’s Kooltherm K10 Soffit Board FM product has been accredited by FM Approvals. The closed cell phenolic insulation has been accredited with Class 4880 for ceiling applications.

To achieve the FM accreditation, Kingspan’s Kooltherm K10 product was installed in a ceiling for a full scale burn test (UBC 26-3) and set alight. During the test, temperatures, smoke levels and flame spread are all monitored. A burning wood crib was set alight in the corner of the room and left to burn for 15 minutes. During this time, in order to pass the test, the spread of the flame must not exceed the area of the installed K10 test panel.

FM Approvals offers third party testing and certification services including fire tests.

Sweden: Kingspan to build a new plant near Jönköping to produce products in its Kooltherm phenolic insulation range. Work on the project is scheduled to start immediately and the unit is expected to be operational by the second half of 2019. The plant will initially employ around 20 people and this will grow to up to 80 people once the site is fully operational. The new plant is intended to take advantage of demand for Kooltherm products in Sweden, Denmark and other countries in Scandinavia and the Baltics.

“Kooltherm is the cornerstone of our growth strategy in all these markets, and having this new facility will help to meet the increasing demand for our products,” said Henk Bessie, Managing Director of Kingspan Insulation Continental Europe.

Ireland: Kingspan Group’s revenue grew in 2017 due to strong European sales despite a ‘weakening’ UK market. Its revenue rose by 18% year-on-year to 3.67bn in 2017 from Euro3.12bn in 2016. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 9.3% to Euro442m from Euro404m. Sales of both insulation boards and panels grew.

“We have continued our globalisation strategy with several significant acquisitions, including establishing a market leading presence in Latin America. Our new Light & Air division is performing ahead of expectations and expanding the range of product solutions the business offers. The challenge of increased input costs has been effectively managed to minimise the impact on profit margins. Notwithstanding the weakening UK market our well diversified business is well placed for the longer term,” said Gene M Murtagh, the chief executive of Kingspan.

Australia: Kingspan Insulation has implemented an integrated management system (IMS) into insulation plant in Somerton. The system has been adopted to comply with ISO 9001, 14001, 45001 and 50001. The site was audited by SAI Global in July 2017 where it received certification as compliant to all four targeted ISO standards.

Ireland/US: Ireland’s Kingspan has invested US$10m to buy a minority stake in Invicara, US-based a provider of software for the construction industry. Invicara has developed products that integrate with Building Information Modelling (BIM) technology, allowing collaboration between partners on construction projects such as architects, engineers and contractors. Louise Foody, Kingspan's Director of Digital and Brand, and Mike Stenson, Head of Innovation at Kingspan, will also join Invicara’s board of directors.

"For manufacturers of building systems and solutions, digitalisation enabled by technologies like BIM is a game changer. At Kingspan, we aim to leverage digital technologies to further align our offerings with our customer's needs and more efficiently collaborate with owners, designers, and contractors at every stage of the building lifecycle," said Foody.

BIM Assure, the first product built on the Invicara platform allows owners to access, validate, and report on model data. The product is currently in use on projects in North America, Ireland, the UK, Australia and Singapore.

UAE: Kingspan Insulation has started producing its Thermaroof TR22 brand insulation product at its plant in Dubai, according to the Emirates News Agency. The product has a fibre-free polyisocyanurate (PIR) insulation core. It is used for flat roofing cover boards to overlay new and existing flat roofs waterproofed with single-ply and cold liquid applied waterproofing. The plant also produces other products in the flat roof insulation line.

US: Kingspan Insulation has expanded its GreenGuard extruded polystyrene (XPS) insulation board range with additional thickness products and strengths. The range now includes 3 inches and 4 inches in select 25, 40 and 60 psi compressive strength boards, and a new four-sided routed drainage channel board. The new products are intended to extend the GreenGuard line into roofing, cold storage, and various below grade and vertical wall applications markets.

Poland/Spain: Kingspan Group plans to buy Spain’s Synthesia group and Poland’s Balex Metal. Although no exact figure has been released, Kingspan has agreed to spend Euro620m on ten acquisitions, including Synthesia and Balex, so far in 2017.

"These latest acquisitions mark a significant strategic step forward for Kingspan. They are a perfect fit for our existing businesses and geographic footprint, and in addition provide a technology platform that will complement our on-going innovation pipeline and the development of next generation insulation," said Gene Murtagh, chief executive officer (CEO) of Kingspan.

Kingspan’s acquisition of Synthesia includes its Huurre and Poliuretanos businesses that produce insulation products in Spain, Portugal and in Central and South America. The deal includes a technology platform for blended chemical systems similar to those used throughout the wider Kingspan Group. Synthesia is headquartered near Barcelona, with eight manufacturing facilities across Northern Spain and Panama and approximately 575 employees across all businesses. The acquisition agreement is conditional on regulatory clearance, and is expected to complete during the first quarter of 2018.

Kingspan has also agreed to acquire Balex Metal, a Polish insulation producer. The Balex acquisition is conditional on regulatory clearance, and is expected to complete towards the end of the first quarter of 2018.