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News Displaying items by tag: Slovakia

Insulation industry news from Global Insulation

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Kingspan Czechia’s sales drop in 2023

23 July 2024

Czech Republic: Kingspan Czechia’s sales dropped by 22% year-on-year to €142m in 2023. Its profit also declined, by 42% to €6.27m. Throughout the year, the company produced 4.66Mm2 of insulation panels, down by 4% from 2022 volumes. It reported total export sales of €108m, down by 23%. The main markets for the producer’s insulation were Germany, Austria, Switzerland and Slovakia. It holds a 25% market share in insulation sandwich panels in its native Czech Republic, up from 22% at the start of 2023. ČTK Business News has reported that Kingspan Czechia plans to begin construction of a new mineral wool insulation panels plant later in 2024.

General manager Stanislav Cihlar said "The new plant will be used to produce world-class insulation panels and will become an important pillar for our future growth.”

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Kingspan ends attempt to buy Trimo

03 February 2022

Slovakia: Ireland-based Kingspan has stopped an attempt to buy Trimo due to difficulties obtaining approval from the European Commission. Regulatory approval failed to arrive before a deadline set in August 2020 when Kingspan and Polish private equity fund Innova Capital signed a contract for the sale, according to the Finance newspaper and the Slovenian Press Agency. During its investigation the commission expressed concerns that the acquisition could reduce competition and lead to price rises in several countries. It added that the acquisition would have created the largest supplier of mineral wool sandwich panels in Europe.

Trimo was acquired by Innova Capital in 2016. It produces mineral wool sandwich panels and is reportedly the second largest seller of the products in Europe with a 10% market share. It operates production plants in Slovenia and Serbia and most sells panels in Europe. Innova Capital is expected to select a new buyer for Trimo.

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Knauf Insulation Slovakia produces 104,000t of mineral wool in 2021

24 January 2022

Slovakia: Knauf Insulation’s plant at Nová Bana produced 104,000t of mineral wool in 2021. Plant director Marián Tkáč told the News Agency of the Slovak Republic (TASR) that the unit reached this record volume despite Covid-19 restrictions, rising input costs and maintenance on the production lines. The plant also installed a flue-gas desulfurisation unit as part of an environmental upgrade in 2021. Despite the high production volume in 2021, Tkáč said that demand for insulation remained high and delivery times were growing.

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Johns Manville begins glass fibre recycling at Trnava engineered products plant

27 January 2021

Slovakia: US-based Johns Manville has commissioning of a 3t/hr glass fibre recycling unit at its Trnava engineered product plant. The company says that the facility will recycle waste glass fibres from continuous filament glass fibre recycling, reducing landfill waste by 10,000t/yr. The total cost of the installation is around Euro10m.

Europe/Asia environment, health and safety manager Elena Hrivikova said, “The primary goal of this investment is to achieve a tangible positive environmental impact by drastically reducing the landfilling of glass fibre waste. This project is part of our response to the European Commission’s Zero Waste programme and our overall target for sustainable management of the planet’s natural resources.”

Johns Manville’s Engineering Products division manufactures synthetic and glass fiber nonwoven products for construction such as insulation and gypsum board facers.

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Johns Manville unveils Slovakian investment plan

22 July 2011

Slovakia: Johns Manville (JM) has announced plans to expand current fibre insulation production capacities in its Trnava facility in Slovakia. According to JM, an expanded furnace will be installed at the plant, which is due to be commissioned in the fourth quarter of 2012. It will enable added production flexibility within JM's product families and expand the production of selected products by as much as 40%.

In 2004 JM invested in a greenfield project to produce glass fibres at the site. The company says that its expansion plan clearly demonstrates its commitment to the European composites business.

Enno Henze, JM's vice president and general manager for Engineered Products Europe/Asia stated, "We feel confident that this major investment will continue to support our customers' plans for growth and underscores JM's commitment to growing the composites industry. Additionally, it highlights our drive to enhance customer relationships, product innovation and service excellence."

"With our commitment to innovative growth and the financial stability provided by being a part of the Berkshire Hathaway family of businesses, our fibres business is set to make its mark while supporting the growth agenda of our customers," added Henze.

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