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News Displaying items by tag: Penoplex

Insulation industry news from Global Insulation

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Penoplex holds ground-breaking ceremony for new insulation board plant in Azerbaijan

17 December 2019

Azerbaijan: Russia’s Penoplex has held a ground-breaking ceremony for a new insulation board plant it is building in Hajigabul district. The project is part of an interstate partnership between Azerbaijan and Russia, according to the Trend News Agency. Penoplex operates eight plants in Russia, one plant in Kazakhstan and one plant in Uzbekistan.

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Penoplex develops polystyrene for heat-insulation boards

04 July 2016

Russia: Penoplex has launched production of a new brand of general use polystyrene for the production of heat-insulation boards. It uses additives to improve the solution of foaming agents used in the production of extruded polystyrene foam.

Penoplex is a Russian manufacturer of construction, decorative and finishing materials from polymers. The company started in 1998 when it launched Russia’s first production line to manufacture heat-insulating materials made of extrusive expanded polystyrene under the Penoplex trademark.

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Penoplex expects reduced demand in 2015 - 2016

02 January 2015

Russia: Grigory Protosenya, the general director of Penoplex, has forecast that the demand for the company's products will decline until late 2015 or the middle of 2016 due to the inertia of the construction market. The demand reduction will affect all manufacturers, but mostly small companies.

Penoplex plans to raise its prices by about 30% in the spring of 2015 due to increasing costs of equipment and raw materials. It has no plans to cut production. Moreover, it will launch a new 2000kg/hr capacity line at its plant in Novomoskovsk, Tula region, in 2015.

So far, Penoplex has not shelved its plant construction project in the Volga region. Protosenya believes that the company will meet the current crisis in a 'steady state.' Weakening of the Russian Ruble will also allow it to start exporting products, primarily to Finland and Norway. However, shipments will be small at 20,000 - 30,000m3 and exports of around 2.50Mm3/yr.

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Penoplex launches new Euro11.4m insulation plant in Russia

07 August 2013

Russia: Penoplex has started its eighth insulation materials plant at Novomoskovsk, Russia, at a cost of over Euro11.4m. The plant has a production capacity of up to 0.3Mm2 expanded polystyrene (EPS) insulating foam. The company produces about 2.5Mm2/yr of thermal insulation material. It manufactures extruded materials, such as products for heat insulation and water-proofing, The Russian-based insulation producer has a total of 50 distributors across Russia.

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