Insulation industry news from Global Insulation

Russia: TechnoNicol plans to launch production of its polyisocyanurate (PIR) foam insulation plant in the Ryazan region on 24 May 2016. The new plant will have a production capacity of 30Mm². Investment in the project amounts to Euro22.6m according to local press. The plant was originally scheduled for launch in the autumn of 2015.

Russia: TechnoNicol continues the construction of a polyisocyanurate (PIR) foam insulation board plant in Ryazan, despite the possible decline in demand in the construction market. The plant will have a production capacity of 2Mm³/yr. The launch is scheduled for autumn 2015, following investments of Euro21.2m.

TechnoNicol believes that the new material will be prospective, as PIR is not currently produced in Russia. The share of PIR in the European market of insulation materials for commercial facilities amounts to 40% and grows by around 3%/yr. About 76% of flat roofing in the USA is built using PIR boards. TechnoNICOL expects PIR to capture 2% of the insulation market in Russia by 2018, which currently stands at 47.5Mm³/yr.