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News Displaying items by tag: Spain

Insulation industry news from Global Insulation

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Uralita takes Euro320m loan to grow insulation business

29 April 2013

Spain: Spanish construction group Uralita has taken a Euro320m seven-year loan to expand its European insulation business. The group formalised the agreement with KKR Asset Management to gain financial stability and expand the business. The agreement will allow the development of the pan-European insulation business of its branch company URSA Insulation.

"Uralita considers that this transaction provides the group with long-term financial stability, shows the Company's growth potential and will facilitate continued growth in the next years," commented Javier Serratosa, Uralita's president.

Published in Global Insulation News
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Uralita announces annual loss of Euro27m

28 June 2012

Spain: Uralita SA has released financial results for the 2011 calendar year, which show a net loss of Euro27.1m. The gypsum wallboard and insulation materials producer also saw sales drop to Euro676m from Euro683m year-on-year, with earnings before interest, tax, depreciation and amortisation down by 65% from Euro78.9m in 2010 to just Euro26.9m. The group's revenue was also down marginally, to Euro690.8m, a drop of just 0.2%.

The Spanish construction market remains in the doldrums amid the continued Eurozone debt crisis, drastically reducing demand for gypsum, insulation and the other building materials that Uralita produces. Uralita SA has released financial results for the 2011 calendar year, which show a net loss of Euro27.1m. The gypsum wallboard and insulation materials producer also saw sales drop to Euro676m from Euro683m year-on-year, with earnings before interest, tax, depreciation and amortisation down from by 65% from Euro78.9m in 2010 to just Euro26.9m. The group's revenue was also down marginally, to Euro690.8m, a drop of just 0.2%.

The Spanish construction market remains in the doldrums amid the continued Eurozone debt crisis, drastically reducing demand for gypsum, insulation and the other building materials that Uralita produces.

Published in Global Insulation News
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Mineral wool to blame for fires at solar plants

20 April 2012

Spain: Renewable energy advisory firm Renovetec has conducted research into fires at a number of concentrating solar power (CSP) plants in Spain. According to the company, mineral wool used to line the piping containing the heat transfer fluid (HTF) in these plants' solar fields is to blame.

"On occasions the causes of the fires have been unclear," explains Santiago García Garrido, Technical Director of Renovetec. "The HTF has behaved differently to the specifications on its safety sheet".

Renovetec has published an article on its work which examines the relationship between the thermal insulation used to line heat transfer piping and the fires, after the company managed to reproduce the conditions leading to certain fires under laboratory conditions. The tests performed by Renovetec show that the thermal insulation can ignite at below 200°C, whereby there is a risk of spontaneous combustion even if there is no ignition spark or other ignition source.

"This explains some of the incidents at a number of CSP plants," says the company especially given that the ignition point of the HTF generally used in CSP plants (biphenyl and diphenyl oxide) is 615°C – a temperature which is highly unlikely to be reached anywhere on site.

Witnesses of some of the fires recall that the incidents arose when some of the HTF escaped from the piping installed in the solar field soaking the thermal insulation (which is normally mineral wool) covered by an aluminium jacket. On removing the aluminium jacket, the mineral wool occasionally ignited spontaneously. These fires started despite the technical specifications of the HTF manufactured by Dow Chemical and Solutia indicating that the fluid would not ignite.

The outcome of Renovetec's experiment to reproduce the conditions leading to the fires is conclusive: on certain occasions the point of spontaneous combustion is not as reflected in the safety sheets of these HTF, with the liquid igniting at temperatures below 203°C.

Published in Global Insulation News
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