
Insulation industry news from Global Insulation
Ireland/US: Kingspan says that it recently opened informal talks about combining its business in North America with building products company Carlisle Companies. However, discussions came to an end when Carlisle Companies ‘rebuffed’ Kingspan, Bloomberg News has reported. Carlisle Companies’ products include its Hunter brand polyisocyanurate (PIR) insulation panel.
Kingspan said "Kingspan has admired Carlisle for many years and, recognising the clear strategic fit, had recent and informal discussions on a potential transaction.” It added "At present, there is no active engagement."
US: Revenue from Huntsman’s Polyurethane division rose by 35% year-on-year to US$1.39bn in 2021 from US$1.03bn in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 8% to US$218m from US$201m. The group said that price increases offset higher raw material and logistic costs. Overall group revenue and adjusted EBITDA increased by 40% to US$8.45bn and 107% to US$1.34bn respectively.
"We concluded 2021 with the best year in our history with our current portfolio of businesses. The transformation of our portfolio has enabled our company to generate not only our highest ever adjusted EBITDA margins but consistent profit margins quarter on quarter throughout 2021, a hallmark of a more differentiated chemical business,” said chairman, president and chief executive officer Peter R Huntsman.
Huntsman produces a range of chemicals including polyisocyanurate (PIR) and polyurethane (PUR) building insulation products.
Belgium: Recticel Insulation has obtained Programme for the Endorsement of Forest Certification (PEFC) for its multilayer thermal insulation products. It says that it is the first polyisocyanurate (PIR) and polyurethane (PUR) producer to do so. The insulation manufacturer will be selling thermal insulation products, with multilayer paper facings made from wood fibres sourced from a PEFC-certified and sustainably managed forests. The PEFC label will be added to its Recticel Eurowall, Eurothane Silver, Eurothane Silver A, Eurofloor, Euroroof, Eurothane GP, Eurowall Cavity and Eurothane Eurodeck products.
Recticel Insulation already held the PEFC label for some of its insulation products manufactured at its plants in Bourges, France and Stoke-on-Trent, UK. The certification is now being gradually rolled out to more products and to all plants where multilayer facings are used.
British government proposes making insulation producers and developers pay for ‘unsafe’ high-rise buildings
18 January 2022UK: Michael Gove, the Secretary of State for Housing, Communities and Local Government, has told parliament that the government intends to make building materials producers and developers pay to fix all fire-safety issues at high-rise buildings. In a statement Gove said, “We will make industry pay to fix all of the remaining problems and help to cover the range of costs facing leaseholders. Those who manufactured combustible cladding and insulation, many of whom have made vast profits even at the height of the pandemic, must pay now instead of leaseholders.” Flat owners in buildings over 11m tall will no longer be forced to pay for their own repairs under the proposed plans, according to the Times newspaper. Manufacturers and developers face a potential Euro4.8bn bill for the remedial work.
Ireland: Xtratherm has agreed to acquire Ballytherm’s Ireland and UK operations. The businesses include one polyisocyanurate (PIR) insulation plant in Ballyconnell, County Cavan and a new production unit that the company is preparing to open at Ross-on-Wye in the UK. The expansion is intended to expand the operations of Unilin Insulation, the owner of Xtratherm, in the UK and Ireland.
Barry Rafferty, the managing director of Xtratherm, said “The acquisition of Ballytherm, along with additional investment in new technologies will allow Xtratherm to deliver on operational excellence, new product innovations and improved service that will contribute towards a stronger and more sustainable future for our employees, customers and the construction sector in the UK and Ireland.” At present Xtratherm operates two foam insulation plants in Ireland and the UK respectively.
The proposed acquisition will be subject to the approval of competition authorities in Ireland. The transaction is expected to complete by the end of 2021.
Poland: Belgium-based Recticel has signed a preliminary agreement with Poland-based insulation company Gór-Stal. Under the agreement, the producer will acquire the company’s polyisocyanurate (PIR) insulation business for Euro30.0m. The company employs 66 people at its Bochnia plant in Lesser Poland Province. In 2020 it generated net sales Euro16.7m and earnings before interest, taxation, depreciation and amortisation (EBITDA) of Euro2.50m. Its capacity utilisation rate was 40%.
Chief executive officer Olivier Chapelle said, “The acquisition of the Gór-Stal PIR-based insulation board activities marks an important step in the development of our insulation business. This acquisition perfectly fits our ambition to further expand in the growing thermal insulation markets of Central and Eastern Europe. It meets three fundamental prerequisites: a state-of-the-art asset, a perfect geographical complementarily, and a focus on high performance PIR insulation solutions. We look forward to welcoming our new and highly skilled colleagues from Gór-Stal.”
Recticel expect to close the deal in July 2021.
Subcontractors planned Grenfell Tower insulation as a case study
23 September 2020UK: A public inquiry has heard that Grenfell Tower cladding subcontractor Harley Facades and staff of Saint-Gobain subsidiary Celotex discussed the use of Celotex’s RS5000 polyisocyanurate foam (PIR) insulation as a “case study” to determine “the U-value achieved by the product.” The insulation product was also sold to the contractor at a 48% discount. Ben Bailey, project manager at Harley Facades, denied that the price had anything to do with the final choice of product for the project. However, other documents showed that Harley Facades staff also enquired about the price of a Kingspan K15 insulation product.
In January 2020 Stephanie Barwise Q.C. told the inquiry that Celotex treated the 67m tall building as a "flagship" project for its RS5000 insulation product.
The Grenfell Tower fire in June 2017 killed 72 people. The inquiry continues.
Huntsman launches foam insulation product for composite panels
26 October 2018Belgium: Huntsman Polyurethanes has launched its DaltoPIR XHFR product for composite panels. The polyisocyanurate (PIR) insulation product was introduced at a panels and profile conference in Greece.
The product uses DaltoPIR insulation technology to offer a different viscosity build up in rising foam. The company says that this enables more stable and more consistent processing, which in turn can help panel producers achieve better panel planarity and quicker line speed. The resulting foam has very low friability, which Huntsman says contributes to the long-term properties of the panels.
UK: An investigation by the BBC’s Panorama news program has alleged that a safety test for Celotex’s RS5000’s polyisocyanurate foam (PIR) insulation board product used extra fire retardant in safety tests. The programme believes that a different product was eventually sold to the public. It also accused the subsidiary of Saint-Gobain of mis-selling the insulation with misleading marketing.
Celotex said that it was unaware of this allegation and had not identified anything that would support it. It is investigating this allegation as a ‘matter of urgency.’ It added that it had not used any special formulation for a recent successful BS-8414 system test in May 2018 or Class 0 fire testing.
Celotex suspended supply of RS5000 PIR insulation board in June 2017 following its use as part of the rainscreen cladding system in the refurbishment of Grenfell Tower. The building had a fire in June 2017 that killed 72 people.
UK: Celotex says that a rainscreen cladding system using its RS5000 polyisocyanurate foam (PIR) insulation board product has passed the BS 8414:2 safety test. The insulation producer previously announced in January 2018 that it had found errors between a previous test and the description of the system in the report of the test. It added that the rainscreen cladding system conformed to the BR 135 fire test. It is now notifying the relevant bodies and is contacting its customers about results of this latest test.
Celotex suspended supply of RS5000 PIR insulation board in June 2017 following its use as part of the rainscreen cladding system in the refurbishment of Grenfell Tower. The building had a fire in June 2017 that killed 71 people. The suspension remains in place.