Insulation industry news from Global Insulation

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.

France: Soprema plans to begin building a new polyurethane (PU) insulation plant at Sausheim, near Mulhouse, in mid-late 2024. The producer says that it will invest Euro50m and enter production at the upcoming plant in 2026. When operational, the Sausheim insulation plant will complement Soprema’s existing Saint-Julien-du-Sault and Nîmes plants, and serve Grand Est, Austrian, Germany and Switzerland. The plant will generate 80 direct jobs and a similar number again of indirect jobs.

France: Saint-Gobain subsidiary Isonat is investing Euro10m in a capacity expansion to its Mably insulation wood fibre insulating panels plant. French Collection News has reported that the expansion will double the plant’s capacity to 42,000t/yr. The company says that it aims to double its sales in two years. It noted growing demand for bio-sourced materials and the availability of favourable home renovations subsidies.

Kazakhstan: Cormatex and the Kazakhstan Investment Development Fund say that their upcoming insulation plant will come online in 2024. Local press has reported the location of the plant as the city of Aktobe, in the region of the same name.

US: Owens Corning commenced construction of its planned US$60m Russellville extruded polystyrene (XPS) insulation plant in Arkansas. When commissioned in 2025, the plant will employ 50 people and produce Owens Corning’s Foamular NGX XPS insulation. Local press has reported that the move represents the company’s third expansion in Arkansas since the start of 2022. It has been present in the state since 1985.

Owens Corning vice president and general manager, foam insulation, Rodney Wideman said "This new plant and today's groundbreaking ceremony represents commitment to our customers' growth and the Russellville community.”

Italy: Masterplast inaugurated its new Euro3m Calerno insulation plant in Emilia Romagna on 28 November 2023. Once fully operational, the producer expects the plant to add Euro15m to its annual sales.

Kazakhstan: Russia-based TechnoNICOL says that it will invest US$107m in the construction of the upcoming Almaty stone wool insulation plant, up by 82% from its previous estimate of US$59m. The producer began building the plant in August 2023. At that time, it was due to have a production capacity of 1.4Mm³/yr when operational.

Interfax has reported that TechnoNICOL’s head of mineral insulation Vasily Tkachev said "We have fairly big plans for the next three years. We see that the construction sector is growing, construction is being actively supported by the government. We feel the state's support and are moving forward, so that when there is demand there will be product. We're forced to open production earlier, forecasting growing demand."

Hungary: Masterplast reported sales worth Euro114m during the first nine months of 2023. This represents a year-on-year decline of 31% from Euro164m in the corresponding period in 2022. The producer’s earnings before interest, taxation, depreciation and amortisation (EBITDA) losses were Euro2.93m, compared to a positive figure of Euro19.3m. During the third quarter of 2023, sales declined in Hungary by 45% and across its export markets by 26%. They rose by 21% in Poland, by 8% in Croatia and by 2% in Ukraine.

Masterplast attributed its sales decline to low demand due to global inflation and rising interest rates amid on-going lockdowns, energy crises and war in Ukraine, while energy-saving renovation initiatives have also been subject to delays. The company set a savings target of Euro2m/yr and laid off 250 employees, including 210 from its plants in Serbia. It completed the construction of new expanded polystyrene (EPS) and extruded polystyrene (XPS) capacity in Italy and Serbia, which it expects to bring online later in 2023.

Uzbekistan: Russia-based TechnoNICOL to invest US$13.1m in the construction of a new extruded polystyrene (XPS) insulation plant in Angren. AK&M News has reported that the plant will have a capacity of 300,000m²/yr. It will produce TechnoNICOL’s range of 20 – 120mm-thick XPS insulation. Construction will commence in 2024 and the plant will employ 50 people when operational.

Croatia: Italy-based public-private investment company Simest has acquired a 44% stake in Ediltec Croatia for US$2.1m. SeeNews has reported that the new funds will go towards Ediltec Croatia’s construction of its planned 250,000m²/yr Lepoglava insulating panel plant.