Insulation industry news from Global Insulation
TechnoNICOL to build third Khabarovsk insulation plant
13 August 2024Russia: TechnoNICOL has announced plans for a third stone wool insulation plant in the eastern Krai of Khabarovsk. The plant will have a production capacity of 400,000m3/yr of stone wool, and will produce thermal and acoustic insulation and technical insulation, including stone wool substrates for use in hydroponic plant cultivation. Together with an on-going upgrade to an existing stone wool insulation plant at the site, the project will cost US$37.6m, AK&M News has reported. Pre-design construction, land leasing and procurement of ‘key equipment’ for the new plant are currently underway, with commissioning scheduled for late 2026. TechnoNICOL then expects to complete the upgrade to the existing plant in 2027.
Soprema acquires Mida from TechnoNicol
22 July 2024Lithuania: Russia-based TechnoNicol has divested its Baltic roofing and waterproofing membranes business, Mida, to France-based Soprema. The business includes plants in Lithuania. TechnoNicol acquired Mida in 2001. BNS News has reported that its sales dropped by 17% to €38m in 2023, following the Russian invasion of Ukraine.
Mida said "Mida has completely cut off all ties with its former owner, Technonicol. Mida is beginning a new stage in the growth of its business in Europe."
Kazakhstan: Russia-based TechnoNICOL has begun building its upcoming US$124m Karaganda insulation plant. Interfax Kazakhstan Newswire has reported that the plant will export 30% of its insulation to Russia. Additionally, it will export some insulation to China, Kyrgyzstan, Mongolia and Uzbekistan.
Kazakhstan: TechnoNICOL has inaugurated its new US$20m, Almaty extruded polystyrene (XPS) insulation plant in the Kairat Industrial Zone. Once fully operational, the plant will have a capacity of 400,000m3/yr, AK&M News has reported. Exports to Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan will follow the launch of the plant’s products on the Kazakh market later in 2024.
TechnoNICOL plans capital expenditure investments of US$109m in Russia and Kazakhstan in 2024
14 March 2024Russia/Kazakhstan: TechnoNICOL plans to invest US$109m in capital expenditure (CAPEX) in Russia and Kazakhstan throughout 2024. The sum is triple TechnoNICOL’s 2023 CAPEX, according to the company. US$27.3m will go towards two projects in Kazakhstan: the completion of the upcoming Almaty insulation plant, scheduled for September 2024, and the start of construction of the upcoming Karaganda insulation plant. The remainder of the sum will fund other projects, including the construction of the upcoming Rostov insulation plant and an expansion to the Chelyabinsk insulation plant, both in Russia.
TechnoNICOL to establish distribution centre in Minsk
01 December 2023Belarus: Russia-based TechnoNICOL has bought a 15,000m2 site in Minsk. PrimePress News has reported that the producer plans to build a US$333,000 distribution centre and storage facility for insulation and other products at the site. Additionally, the facility will store and distribute products from Knauf Insulation, Cerezit, Beltep, Skyprofile, Typhoon and Ilmax. TechnoNICOL plans to triple the total number of products it sells in Minsk, with a specific focus on its rough interior finishings portfolio.
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."
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.
Russia: TechnoNicol expects to commission its upgraded Khabarovsk stone wool insulation plant later in 2023. Local press has reported that the on-going upgrade involves replacement of the plant's rock melting furnaces and fibreisation chambers. When commissioned, the upgraded plant will produce insulation using a biopolymer bonding agent. The producer expects to export its products to the Japan and South Korea markets.
TechnoNicol to build new stone wool plants in Russia and Kazakhstan
03 February 2022Russia: TechnoNicol plans to invest around Euro350m towards building two stone wool plants as well as other expanded production in other business areas including agricultural applications. A 1.5Mm3/yr stone wool plant will be built in the Novgorod special economic zone, according to the AK&M Information Agency. Construction of a new 1.4Mm3/yr stone wool plant near Almaty in Kazakhstan is scheduled to start in the first quarter of 2022. Both project have a combined an investment of Euro127m. Additionally, the insulation producer is reportedly looking for a site to build an additional stone wool plant in the far east of Russia.
The company also plans in 2022 to launch a new production line for stone wool substrates for use in greenhouse farming at a plant in the Rostov region. Around Euro6m will be spent on the upgrade. Once complete the line will be able to supply the Southern Federal and South Caucasus districts. It will be TechnoNicol’s third production line for mineral wool substrates, joining plants at Ryazan and Tatarstan.