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News Displaying items by tag: SaintGobain

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Saint-Gobain announces upcoming Melton Mowbray stone wool insulation plant

22 May 2025

UK: France-based Saint-Gobain says that it will build a stone wool insulation plant in Melton Mowbray, Leicestershire, at the site of the former Holwell foundry. The plant will use electrical heat and be powered by renewable sources. When operational in 2027, it will have a capacity of 50,000t/yr and employ 250 people.

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Isover to close Bergisch Gladbach glass wool line

17 March 2025

Germany: Saint-Gobain subsidiary Isover has announced the upcoming closure of the glass wool line at its Bergisch Gladbach plant in North Rhine-Westphalia. Energate Messenger News has reported that this is due to a local homebuilding ‘slump’ and reduced export volumes. As a result, Isover will cancel a planned green hydrogen plant project at the site.

Isover will now relocate ‘part of the production lost’ from Bergisch Gladbach to its Speyer plant in Rhineland-Palatinate.

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Jean-Claude Lasserre to take over as CEO of Saint-Gobain Canada

14 March 2025

Canada: Saint-Gobain Canada has appointed Jean-Claude Lasserre as its CEO, effective 1 April 2025. Lasserre brings over 30 years of experience working for Saint-Gobain across multiple continents, most recently serving as Saint-Gobain Surface Solutions CEO in France. Lasserre succeeds Julie Bonamy, who oversaw US$2.77bn in strategic acquisitions for Saint-Gobain Canada, including of metal products company Bailey Group of Companies, roofing company Building Products of Canada and siding products company Kaycan.

Lasserre said "My primary focus will be to connect with our customers and support our teams as we continue our work to offer a complete portfolio of building products with our recent acquisitions, while reinforcing our commitment to sustainable construction. We are eagerly anticipating the completion of North America's first zero-carbon wallboard plant in Sainte-Catherine, Quebec, and the imminent launch of CarbonLow drywall."

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Kingspan Insulation and Saint-Gobain Construction Products among Grenfell Tower providers facing debarment from public procurement in the UK

27 February 2025

UK: The government has accepted the recommendations of a public inquiry into the Grenfell Tower disaster, in which 72 people died in a fire that spread through exterior cladding systems in a residential block in London. The Guardian newspaper has reported that the inquiry recommended actions against seven different organisations that share in responsibility for the spread of the deadly fire. The inquiry's final report named these organisations as Kingspan Insulation, Saint-Gobain Construction Products, Harley Facades and testing company Exova Group, along with aluminium and bonded sheets producer Arconic Architectural Products, property development and management company Rydon Maintenance and architecture firm Studio E Architects. Additionally, the report recommended the introduction of a unified regulatory body for the construction industry and the consolidation of fire safety matters under the Department of Housing, Communities and Local Government.

Deputy Prime Minister Angela Rayner said "The final report exposed in stark and devastating detail the shocking industry behaviour and wider failures that led to the fire, and the deep injustices endured by the bereaved, survivors and residents.”

UK Shadow Housing and Communities Secretary Kevin Hollinrake told Parliament that criminal charges against those responsible must follow ‘where evidence allows.’

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Saint-Gobain to upgrade Azuqueca stone wool insulation plant

06 February 2025

Spain: Saint-Gobain has launched a €40m expansion and upgrade to reduce CO2 emissions by 70% at its Azuqueca insulation plant in Castilla-La Mancha. The producer will replace the plant’s existing furnace with a new electric one. When operational in early 2026, the upgraded line will expand the Azuqueca plant’s capacity by 40%. The furnace will run on renewable electricity sourced under a power purchase agreement signed with utilities provider Endesa in 2022.

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Saint-Gobain completes acquisition of Kilwaughter Minerals

06 December 2024

UK: France-based Saint-Gobain has completed its acquisition of façade mortars and external wall insulation (EWI) systems producer Kilwaughter Minerals. Kilwaughter Minerals operates a plant and limestone quarry in County Antrim, Northern Ireland, and three distribution centres in Great Britain and Ireland, with a total of 200 employees. Its brands include K Rend renders and K Systems EWI systems.

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Izocam acquires HİS Yalıtım

04 December 2024

Türkiye: Izocam, a joint venture of Kuwait-based Alghanim Industries and France-based Saint-Gobain, has acquired insulation producer HİS Yalıtım. HİS Yalıtım produces stone wool insulation at its İncesu plant in Kayseri, which it sells under the TerraWool brand. Reuters has reported that that it employs 170 people.

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Isover installs water meters at Runcorn insulation plant

02 August 2024

UK: Saint-Gobain subsidiary Isover has installed water meters and monitoring technologies at its Runcorn insulation plant in Cheshire. The initiative aims to reduce the plant’s consumption of water by 30ML/yr, 30% of its use in 2030.

Plant sustainability champion Matt Hill said “Reducing water consumption in our production processes is central to our sustainability journey at Isover. Through investments such as these, we’re not only reducing our environmental impact but also demonstrating our unwavering commitment to building a more sustainable future." He added "By 2023, we had reduced our total water withdrawal by 22% compared to 2017, and thanks to these continuing improvements, we have already further reduced this by more than 20% in 2024 compared to 2023."

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Saint-Gobain reports first-half 2024 results

26 July 2024

France: Saint-Gobain reported sales of €23.5bn in the first half of 2024, down by 6% year-on-year from €25.0bn in the same period in 2023. The group reduced its capital expenditure by 5% to €583m. €255m (47%) of this was invested in new capacity, down by 7%. Group earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 2% to €3.65bn from €3.74bn. During the reporting period, Saint-Gobain accelerated efforts to reinforce its profitable growth profile with acquisitions in the light and sustainable building materials segments in Australia, Canada, India and the Middle East. Saint-Gobain said that it exceeded 67% of operating income being generated in “high-growth geographies,” namely North America, Asia and emerging countries. It now expects “double-digit” operating margins in 2024, for the fourth consecutive full year.

Chair and CEO Benoit Bazin said "Our first-half results once again demonstrate the success of Saint-Gobain's new profile, reflecting the group's ability to adapt to different macroeconomic environments and to continue to outperform. The roll-out of our comprehensive range of sustainable and innovative solutions and the resulting enhancement in our mix, together with our decentralised organisation by country with accountability on commercial performance and on proactive cost management, have enabled us to deliver a new record operating margin and strong free cash flow generation. I am very grateful for our teams' dedication and their contribution to the group's consistent improvement in its performance."

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Saint-Gobain India to double insulation production capacity

19 June 2024

India: Saint-Gobain India plans to double its production capacities of glass and stone wool insulation as part of a new investment phase, targeting revenues of US$4.3bn across its businesses by 2032. The Hindu newspaper has reported that this represents growth by a factor of three from 2023 levels. Saint-Gobain India noted the presence of ‘medium-sized companies in the insulation space’ as suitable targets for acquisitions. The investment phase will include total capex of US$719 – 959m from 2021 to 2025. The company had invested US$1.58bn up to the end of 2023.

Asia-Pacific and India regional CEO B Santhanam said "We have made huge investments in India, and quite a lot of them were in new plants."

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