Insulation industry news from Global Insulation

US: Owens Corning's (OC) has registered second quarter profit of USD78m, down by 92% from USD937m in the same period of 2010. This was due to the absence of a tax benefit received in 2010. The group's revenue increased by 5.3% to USD1.45bn and its gross margin fell to 19.2% from 20.6%.

Its building materials business, its biggest contributor to the top line, saw revenue rise by 4% thanks to increased roofing sales volumes. This was partly offset by lower insulation sales volumes and the sale of its masonry products business. Its composites sales rose by 8%, mostly thanks to positive currency impacts and, to a lesser degree, higher prices.

OC has also announced that it has completed the acquisition of FiberTEK Insulation LLC and FiberTEK Insulation West LLC. The acquisitions include manufacturing locations in Lakeland, Florida and Nephi, Utah and expand the group's loosefill insulation capacity while strengthening the company's ability to serve North American customers.

Loosefill insulation is becoming more popular due to the increased prevalence of higher efficiency building codes that require increased levels of attic insulation and for its ease of use in energy-efficient retrofits. Unbonded loosefill insulation has grown its share in overall US light density residential fiberglass insulation sales in recent years and represents a success-story amid the broader US residential construction downturn.

"The acquisition of the FiberTEK companies is a great addition for OC and our customers," said Tom Quigley, OC's vice president and general manager for residential insulation. "These acquisitions position OC to serve our customers in this segment as the market returns. They also benefit existing FiberTEK customers by making available our entire array of insulation products, including our revolutionary EcoTouch^(TM) family of high-performance residential and light commercial insulation products." The FiberTEK acquisitions will also enable Owens Corning to expand growth opportunities for its EnergyComplete^(TM) insulation and air sealing system.

US: Owens Corning has released its 5th annual Sustainability Report, outlining the company's environmental footprint reduction performance. "Our 2010 Sustainability Report demonstrates Owens Corning's continued focus on and progress towards improvements in greening our operations and products and accelerating energy efficiency and renewables penetration in the built environment," said Vice President and Chief Sustainability Officer Frank O'Brien-Bernini. "We have met three of our seven goals already and are confident that six of the seven goals will be achieved by 2012."

Among the key accomplishments highlighted in the report is a 24% intensity reduction in greenhouse gas (GHG) emissions compared to 2009 levels. The company removed 950,000t of CO2 from its operations in 2010, which is equivalent to eliminating the CO2 impact of more than 170,000 passenger cars. The report also detailed progress towards intensity reductions in energy usage, and reductions in nitrogen oxides, volatile organic compounds, particulate matter, waste-to-landfill contributions and water usage.

The company took the opportunity to launch a new set of 2020 goals designed to raise the bar on its commitment to sustainability. The announced 2020 goals will target reductions in energy, greenhouse gas, water, toxic air emissions, particulate matter and waste-to-landfill measures, as well as supplier sustainability and life cycle assessments.

"These new goals raise the bar on our commitment to sustainability and reflect an increasingly holistic approach that encompasses how our company operates, the attributes of our products and our desire to affect change by partnering with our customers and suppliers to deliver sustainable solutions," added O'Brien-Bernini.

The disagreement comes at the same time as the publication of an article in the journal Respirology that warns of massive rises in deaths from asbestos-related lung diseases in Asia in the coming decades. Dr Ken Takahashi, Acting Director of the World Health Organisation Collaborating Centre for Occupational Health (WHOCCOH) and his team put together data on asbestos use in 47 Asian countries for the report.

Asian countries accounted for 64% of the global consumption of asbestos in 2001-2007, a striking increase from 14% between 1920 and 1970. This is the result of unregulated asbestos import and use in many Asian countries.

US: The global headquarters of Owens Corning in Toledo, Ohio, has become the third existing building in Ohio to earn the prestigious gold certification under the US Green Building Council's (USGBC) Leadership in Energy & Environmental Design (LEED) Existing Building (EB) programme.

To achieve the award, the building's design and operation has met stringent standards as an energy-efficient, environmentally responsible and healthy place to live and work. The building was first recognised for silver certification under the LEED-EB program in 2007.

The LEED certification of an existing building is a significant achievement because it is generally easier to design these features in new construction. The Owens Corning global headquarters building has already earned an Energy Star rating, which ranks it among the top 25% of energy-efficient buildings in the United States.

"The gold-certified LEED-EB status of our global headquarters building in Ohio is an iconic representation of Owens Corning's deep commitment to sustainability and energy efficiency," said Chief Sustainability Officer Frank O'Brien-Bernini. "It's also an example of the operating cost advantages that are achievable through sustainable building practices. There are significant economic and environmental benefits to ensuring that new and existing buildings exceed today's energy efficiency standards through the use of insulation, air-sealing solutions and many other energy-saving technologies."