Insulation industry news from Global Insulation

Romania: Knauf Insulation has completed its acquisition of Gecsat. Business World Magazine News has reported that Gecsat operates a glass wool insulation plant in Tarnaveni, Mures County. In 2020, it recorded revenues of Euro6.6m. Knauf Insulation’s Romanian portfolio includes glass wool, basalt mineral wool and wood fibreboard operations.

Knauf Group management committee member and Insulation Europe, Middle East and Asia chief executive officer Dominique Bossan said "The acquisition of the Romanian plant will support Knauf Insulation's growth goals and provide additional capacity to meet the growing demand for our insulation solutions in the region.”

Romania: Belgium-based Knauf Insulation has agreed to acquire the Târnăveni glass wool plant from Gecsat for an undisclosed sum.

Dominique Bossan, the group chief executive officer of Knauf Insulation, said “The Romanian acquisition will support Knauf Insulation’s growth ambitions and add extra capacity to meet increasing demand for our solutions across the Eastern European and Commonwealth of Independent States (CIS) regions.” He added that the company plans to upgrade the plant after the acquisition has been completed.

Romania: France-based Saint-Gobain has completed its acquisition of adhesives and construction chemicals producer Duraviz for an undisclosed sum.

The group said that the acquisition will enable it to expand its interior and exterior finishing product range. Saint-Gobain employs 1800 people at 12 sites in Romania.

Romania: France-based Saint-Gobain has acquired Duraziv, a producer of adhesives and other construction chemicals. The group said that the purchase would allow it to expand its range of interior and exterior finishing solutions. It also hopes the move will drive an improvement in the energy efficiency of buildings in Romania thanks to external thermal insulation solutions (ETICS) based on locally-produced stone wool and mortars. This latest addition follows the recent acquisition of Russia-based Adhesive Scientific and Production Company, a producer of polyurethane (PUR) and epoxy products.

Denmark: Rockwool’s post-tax profit for 2019 was Euro285m, up by 7.5% from Euro265m in 2018. Sales rose by 3.2% to Euro2.8bn from Euro2.7bn. The company’s insulation section saw ‘mixed market conditions’ but ‘showed modest growth’ over the period, thanks in particular to state-supported energy efficiency improvement in construction practices generating increased demand in the South-West Europe region.

Rockwool said that it invested in long-term growth, having opened a plant in Romania in late-2019, with a capacity expansion to a German plant due to come online in mid-2020 and a further plant in the US to follow in early 2021. Rockwool Group chairman Henrik Brandt and CEO Jens Birgersson said, “For the fifth year in a row, our customer satisfaction scores increased.” Satisfaction rose by 14% year-on-year.

Romania: Switzerland’s Sika has announced its purchase of Adeplast, a mortars and thermal insulation producer, subject to clearance from Romanian anti-trust authorities. Adeplast generates Euro109m/yr across its four plants. Sika’s Europe, Middle East and Africa regional manager Ivo Schädler spoke positively of ‘exciting crossselling opportunities’ and the possibility of increased market penetration.

Romania: Sika has agreed to acquire Arcon Membrane, a manufacturer of roofing and waterproofing systems including thermal insulation systems for facades and roofs. Its insulation systems combine expanded polystyrene (EPS) sheets and bituminous membranes. Sika says that by buying Arcon it will strengthen its position in the local market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The transaction is subject to approval by the Romanian anti-trust authority. No value for the purchase has been disclosed.

“Arcon’s market leading position, comprehensive product portfolio, and established distribution network will support our growth strategy by opening up new cross-selling opportunities, as well as increasing our market access and the penetration of key project,” said Ivo Schädler, Regional Manager Europe, Middle East and Africa (EMEA) at Sika.

Romania: Denmark’s Rockwool has started construction work on a new stone wool plant at Ploiesti in Prahova county. Production at the Euro50m unit is scheduled to start in 2019, according to the Ziarul Financiar newspaper. Local construction company CON-A has been placed in charge of the project.

Romania: Saint-Gobain Isover is upgrading its Ploiesti mineral wool plant. A modernisation and extension project of its stone wool production line is scheduled to start operation in the second half of 2019. The upgrade will increase the plant’s production capacity to 30,000t/yr and extend its range of products for the Romanian market and neighbouring countries.

Saint-Gobain Isover has run operations on its Ploiesti site since 1997, with a glass wool line currently being modernised and due to start up in July 2018, and a stone wool line.

Romania: Saint-Gobain Isover plans to reopen its glass wool production line at its Ploiesti plant in July 2018. The line is expected to restart following a complete furnace rebuild and other upgrades. 50 new jobs will be created in production, logistics and administrative departments.

“The production line allows Isover to adapt its glass wool production capacity to the market demand in the region, given that Romanian market is the largest of the South-East European region. Our decision was generated by the positive trend registered by the construction market in the past year, a trend that is expected to continue over the next years as well,” said Ovidiu Pascutiu, General Manager for Saint-Gobain Rigips and Isover Romania.

Isover has also announced plans to upgrade its stone wool production line at the Ploiesti plant in 2018. The production capacity of the line will be increased by 30,000t/yr in 2019 following the Euro50m upgrade.