Insulation industry news from Global Insulation

Ireland/US: Ireland-based Kingspan has pulled out of bidding for Firestone Building Products. Bloomberg News has reported that both Kingspan and Standard Industries have dropped out of the auction. The roofing and building materials company was expected to reach a value of Euro2bn. The deadline for submitting offers is 28 December 2020.

Earlier in December 2020, Kingspan’s chief executive officer (CEO) Gene Murtagh apologised for ‘process shortcomings’ that have been highlighted by the ongoing Grenfell Tower Inquiry in the UK.

Turkmenistan: The Turkmen Industry Ministry has extended a tender for construction of a thermal insulation plant in the Turkmenbashi district of the Balkan region. Bids will be accepted until 7 March 2017, according to the Trend News Agency.