Insulation industry news from Global Insulation

Ireland: Kingspan’s sales for the first nine months of 2019 rose by 8% year-on-year to Euro3.43bn. However, its sales in the third quarter fell by 2% year-on-year due to slowing sales in the UK. Sales of insulated panels saw a ‘substantial’ reduction in order intake in the UK in the third quarter reducing by more than 15% in volume versus the same period in 2018. European and American markets were stable with the exception of Germany. Insulation board sales were affected by slowing sales in the UK, Ireland and Germany. The group expects these market trends to continue into the first quarter of 2020 at least.

UK: Superglass has completed a Euro43m upgrade to its glass wool plant in Stirling, Scotland. Production capacity at the unit has been doubled to 60,000t/yr, according to the Scotsman newspaper. A new furnace, curing oven and an automatic packing system were installed as part of the upgrade. The project was first announced in 2017 following the acquisition of the company by Russia’s TechnoNicol in 2016.

UK: French-based Saint-Gobain has received vindication in its attempted deflection of liability for alleged harm done by flammable insulation products designed, manufactured and sold by its subsidiary Celotex with the revelation of systematic failures in the London Fire Brigade response to the Grenfell disaster on the night of 13 – 14 June 2017. BBC News reported that the Phase One Report, published on 29 October 2019, identified ‘serious shortcomings’ in large-scale incident management training for control room supervisors, with a ‘stay-put’ advisory strategy rescinded 60 to 80 minutes too late at 2:47AM.

UK: Edinburgh-based bio-insulation company IndiNature is preparing to build a Euro4.4m production plant at Hawick in southern Scotland. The company is currently in talks with Scottish Borders Council, contractors and others about the project, according to the Southern Reporter newspaper. The 2600m3 plant is set to create 30 jobs. It is hoped that the new unit will be ready by the end of 2020. IndiNature manufactures its rigid IndiBoard and IndiTherm batts insulation products from plant-based materials.

UK: SIG has agreed to sell its Building Solutions division to Kingspan Group for Euro42m. Building Solutions is a UK manufacturer and distributor of building envelope solutions operating through brands including Steadmans, United Roofing Products, Trimform Products, and Advanced Cladding & Insulation. SIG decided to sell the division following a strategic review in 2017. Proceeds from the sale will be used to reduce SIG’s debts.

UK: The Insulation Manufacturers Association (IMA) has appointed Stuart Norris as its president. The association is a representative body for the rigid polyisocyanurate (PIR) and polyurethane (PUR) insulation industry in the UK.

Norris is a Senior Product Development Engineer at Portakabin where he is involved in the design and delivery of both temporary and permanent offsite building solutions across a wide range of building sectors. He holds a degree in Product Design from the University of Huddersfield. He also sits on the Technical Committee for the Modular and Portable Building Association (MPBA).

UK: SIG’s sales for the first half of 2019 have fallen by 3.8% year-on-year due to a ‘marked deterioration’ in the level of UK construction. Its UK and Ireland like-for-like sales dropped by 12.7% while sales elsewhere in Europe grew by 3.3%.

UK: Knauf Insulation has donated a pallet of its Earthwool Loft Roll 44 glass mineral wool product to the Monkey World Ape Rescue Centre in Dorset. Pavilions housing primates at the site are being upgraded and expanded. They required adequate insulation to ensure a habitable environmental for the animals. The insulation was transported to Monkey World free of charge by builders’ merchants Bradford’s Building Supplies, Blandford, Dorset.

“We were delighted to support Monkey World in their vital work. Earthwool Loft Roll is a high performance glass mineral wool insulation, providing excellent thermal performance, which will help to keep the Pavilions warm in cold weather and cool in hot weather,” said Ian Boland, Area Sales Manager (South West) at Knauf Insulation.

UK: Superglass’ revenue grew by 34% year-on-year to Euro37.9m in 2018 from Euro27.2m in 2017. Its profit rose by 37% to Euro0.65m. The subsidiary of Russia’s TechnoNicol Group said that it benefitted from increased sales, higher selling prices and operational cost efficiencies.

“Demand for glass wool insulation continues to be very strong both domestically and in export markets, and with the major manufacturing investment we’re making in the Stirling site, Superglass is set to double its production output capabilities and capitalise on the opportunity,” said Theresa McLean, Chief Financial Officer for TechnoNicol UK and Ireland.

UK: SIG’s revenue fell by 1.2% year-on-year to Euro3.11bn in 2018 from Euro3.15bn in 2017. Its profit before tax increased by 8.5% to Euro87.2m from Euro80.4m. The building materials producer blamed ‘challenging’ market conditions but it highlighted its focus on prices and profitability.