Insulation industry news from Global Insulation

Kazakhstan: Russia-based TechnoNICOL has begun building its upcoming US$124m Karaganda insulation plant. Interfax Kazakhstan Newswire has reported that the plant will export 30% of its insulation to Russia. Additionally, it will export some insulation to China, Kyrgyzstan, Mongolia and Uzbekistan.

Mongolia: Mongol Basalt produced 2248t of stone wool insulation in 2024, which it says helped Mongolians to reduce their energy consumption by 78GW. Nonetheless, the producer’s sales fell by 20%, amid a 35% drop in its prices.

During 2023, Mongol Basalt commenced construction of a new production line at its Ulaanbaatar insulation plant. The UB Post newspaper has reported that the company expects the upgrade to double its capacity to 50,000t/yr, and to introduce new energy-efficient solutions.

Mongolia: Mongol Basalt LLC and Italy's Gamma Meccanica have signed a US$18m agreement to produce mineral wool insulation materials and purchase a production line.
The agreement was signed during the visit of Mongolian Minister of Industry Dondogdorj Erdenbat to Italy. Mongol Basalt has also entered loan negotiations with the Intesa Sanpaolo banking group to receive funds to buy equipment. The loan will be guaranteed by the Italian Export Credit Agency (SACE).