Insulation industry news from Global Insulation

US: Owens Corning has recorded a first quarter loss of US$916m in 2020, compared to a US$44.0m profit in the corresponding period of 2019. Net sales were US$1.60bn, down by 4.0% from US$1.67bn. Insulation sales grew by 2.0% to US$603m (38% of net sales) from US$591m. The insulation section’s negative balance of earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 71% to US$10.0m US$34.0m.

Owens Corning chairman and CEO Brian Chambers said, “I’m very proud of our team’s strong execution and ability to deliver our first-quarter results in the face of the Covid-19 pandemic. Our long-standing commitment to safety remains at the forefront of everything we do while serving the needs of our customers, our communities, and other key stakeholders.”

US: In 2019 Owens Corning sourced 1.58GWh of energy renewably (49% of total consumption), down by 14% year-on-year from 1.84GWh (52% of consumption) in 2018. Direct CO₂ emissions were 2.78Mt, down by 2.0% from 2.83Mt in 2018 due a reduction in carbon intensity of insulation production, such as the use of electric rather than coke-fired furnaces.

US: Huntsman has repurposed its McIntosh, Alabama high performance and speciality epoxy resins plant for the production of hand sanitizer, which it will supply to health care facilities fighting the coronavirus outbreak across the US. The recipient of its first 5.0t batch was its own Huntsman Cancer Institute at the University of Utah. Huntsman president and CEO Peter Huntsman said, “We thank the Food and Drug Administration (FDA) for moving swiftly to issue the guidelines that have enabled us to fast-track our production and distribution of much-needed hand sanitizer in the US.”

US: A study conducted by researchers at the Massachusetts Institute of Technology (MIT) has found that spray foam insulation applied to walls prior to the entry into effect of the Montréal Protocol banning chloroflourocarbons CFCs) is acting as a ‘CFC bank’ from which environmentally degrading chemicals continue to leach into the atmosphere.

MIT Lee and Geraldine Martin Professor of Environmental Studies Susan Soloman recommended that all such banks be ‘recovered and destroyed.’ “Before demolishing a building, you can take careful measures to recover the insulation foam and bury it in a landfill,” she said.

US: Business Wire News has published details of a report by market research company ResearchandMarkets, which predicts market growth in the global insulation sector of 8.2% to US$8.9bn by 2024 from US$6.0bn at the start of 2020. ResearchandMarkets foresees the largest market growth in the Asia and Pacific region, where Belgium-based Etex, Austria-based RHI Magnesita and France-based Calderys are all in the process of expanding their production facilities in the region.

US: National Gypsum Company has published SoundBook 2.0, an updated version of its manual for technical information and architectural drawings of sound-rated assemblies for architects and contractors seeking to achieve required sound transmission class (STC) ratings on their projects. The publication includes details and drawings of 310 sound-rated assemblies for steel and wood stud construction, as well as for floor-ceiling applications. The book also features acoustical terms, concepts and proper installation methods for optimal sound control. The original SoundBook was published in 2015.

“Acoustical performance is one of the most popular topics covered by our Construction Services Team,” said John Bianchi, gypsum product manager for National Gypsum. National Gypsum’s goal in publishing SoundBook 2.0 is to provide architects, contractors and others involved in specifying products current information and illustrations on sound-rated wall, ceiling and floor assemblies.

National Gypsum has released several new acoustical gypsum products as part of the company’s SoundBreak XP family of products since the initial rollout of its SoundBreak XP Wall Board, including SoundBreak XP Retrofit Board, designed for use as an extra noise reducing layer over existing wallboard, and its most recent innovation, SoundBreak XP Ceiling Board, a board for floor-ceiling applications.

US: Huntsman has reorganised its spray polyurethanes foam (SPF) insulation business, combining subsidiaries Demilec and Icyene-Lapolla under a new leadership team. The company has named as divisional presidents Simon Baker, who will oversee operations in Canada and fast-growing global markets, and Doug Kramer, who will be responsible for the United States. Huntsman polyurethanes president Tony Hankins said, “To bring the two businesses together as one enables Huntsman to provide an unmatched offering of open- and closed-cell insulation products and accelerates the globalisation of our SPF platform.”

Denmark: Rockwool’s post-tax profit for 2019 was Euro285m, up by 7.5% from Euro265m in 2018. Sales rose by 3.2% to Euro2.8bn from Euro2.7bn. The company’s insulation section saw ‘mixed market conditions’ but ‘showed modest growth’ over the period, thanks in particular to state-supported energy efficiency improvement in construction practices generating increased demand in the South-West Europe region.

Rockwool said that it invested in long-term growth, having opened a plant in Romania in late-2019, with a capacity expansion to a German plant due to come online in mid-2020 and a further plant in the US to follow in early 2021. Rockwool Group chairman Henrik Brandt and CEO Jens Birgersson said, “For the fifth year in a row, our customer satisfaction scores increased.” Satisfaction rose by 14% year-on-year.

UK: Global not-for-profit organisation CDP has included Owens Corning on its Climate Change A-List 2019 for environmental transparency and performance aimed at facilitating a zero-net carbon economy. Only a handful of industrial producers achieved inclusion on the list, including France-based Saint-Gobain and Germany-based HeidelbergCement and steel producer Thyssenkrupp.

US: Huntsman has acquired the spray polyurethane foam (SPF) insulation producer Icynene-Lapolla from an affiliate of FFL Partners for US$350m. Icynene-Lapolla operates production facilities in Houston, US, and Mississuaga, Canada and made sales in excess of US$200m in 2019. Huntsman chairman, president and CEO Peter Huntsman said, “This combination of companies will provide Huntsman with the largest global array of spray foam technology, integration of raw materials and associates, improving energy efficiency.”