Insulation industry news from Global Insulation

Germany: Armacell has recorded earnings before interest, taxes, depreciation and amortisation (EBITDA) in the first half of 2019 of Euro63.4m, up by 29.2% year-on-year from Euro50.6m in the six months to 30 June 2018.

Armacell recorded half-year sales of Euro322m, up by 6.3% from Euro303m. CEO Patrick Mathieu notied the strong performance of both advanced insulation and engineered foams. The first half of 2019 was notable for an increase in Armacell’s Chinese polyethylene terephthalate (PET) production capacity and a commercial cooperation agreement in April with Thermaflex in Russia.