Insulation industry news from Global Insulation
Kingspan Insulation launches expansion at Winchester plant
27 September 2017US: Kingspan Insulation has inaugurated the expansion of its Winchester plant in Virginia. An investment of US$25m was used to build an extruded polystyrene (XPS) insulation panel production line. The new line will double the plant’s production capacity by manufacturing GreenGuard XPS panels. The company has also announced spending US$1.1m on buying an additional 7.3 acres of land adjacent to the plant’s location.
Installed Building Products buys East Coast Insulators
18 October 2016US: Installed Building Products has purchased East Coast Insulators, a provider of insulation services to residential and commercial customers in the Virginia, West Virginia, Washington DC and Maryland markets through two Virginia locations. "With US$20m of annual revenues, East Coast Insulators has a large presence within strong and growing markets, and this acquisition will help expand our presence in the mid-Atlantic region," said Jeff Edwards, chairman and chief executive officer of Installed Building Products.
Kingspan Insulation starts expansion at Virginia plant
12 September 2016US: Kingspan Insulation has started an expansion project at its Winchester plant in Virginia. The US$25m investment in the plant will be used to install a new extruded polystyrene insulation (XPS) insulation manufacturing line.
"We are pleased to announce that the installation is proceeding on time and on cost," said Kingspan Insulation North America's Managing Director Alswinn Kieboom.
Once the project is completed, it will allow Kingspan Insulation to continue to service demand for its GreenGuard line of XPS board products. The products feature moisture resistance, an R-value of 5.0 per inch of thickness and are suitable for a range of applications including cavity walls, continuous insulation, roofs, below-grade perimeter foundation and slab-on-grade.
As part of this investment programme, Kingspan Insulation has announced its intent to begin production of high performance, polyiso insulation in North America, providing an even greater choice for specifiers and contractors.
Kingspan Insulation is currently considering locations for three new production lines. Locations under consideration are at its existing plant in Virginia, at its sister company sites in California, Florida, Ohio, as well as sites in Nevada and Texas in the US, plus Ontario and British Columbia.