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News Displaying items by tag: construction sector

Insulation industry news from Global Insulation

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Hungarian government introduces €280m home improvement subsidy scheme

08 April 2024

Hungary: The government plans to avail citizens of €280m in subsidy for residential refurbishments that increase efficiency, beginning in June 2024. The initiative aims to help renovate 20,000 homes, installing new insulation, boilers, doors and window frames. Local press has reported that that homeowners who contribute €2800 may receive up to €16,800. The goal of the scheme is to reduce gas consumption in line with EU policy. It has backing from the EU's Recovery and Resilience Facility, and is expected to generate €650m in additional orders for Hungarian building materials producers.

Published in Global Insulation News
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Turkish insulation regulations tighten

04 January 2023

Türkiye: The Turkish government has introduced new rules on the minimum thickness of insulation used in urban construction. Buildings in Ankara must be fitted with 9cm-thick insulation, compared to 6cm previously, while those in Istanbul must be fitted with 8cm-thick insulation, compared to 5cm previously. Suar Energy News has reported that this accompanies new government regulations that require all new builds to source at least 5% of their electricity renewably, as part of a drive for Nearly Zero-Energy Buildings (NZEB).

Published in Global Insulation News
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Gomelstroymaterialy to begin insulation exports to St Petersburg

23 May 2022

Belarus: Gomelstroymaterialy has entered talks with the administration of St Petersburg’s Krasnogvardeyski District over the possible start of exports of insulation and wall panels to the Russian population centre. Business World Magazine has reported that construction, especially of social facilities, is also an area in which the local government officials say they would like to advance cross-border cooperation.

Published in Global Insulation News
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Russian invasion of Ukraine increases Estonian insulation prices by 20%

28 March 2022

Estonia: Insulation prices are reportedly 20% higher than prior to the Russian invasion of Ukraine due to increased production costs. Members of the Estonian Association of Construction Entrepreneurs (ACE) have threatenened to terminate all public sector construction contracts due to untenable costs. Other building materials have risen in cost to as much as double their pre-invasion price.

Published in Global Insulation News
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New Zealand lifts Level 4 lockdown outside of Auckland and permits insulation production to resume in Auckland

09 September 2021

New Zealand: The New Zealand government has announced the lifting of Level 4 lockdown outside of Auckland. Radio New Zealand News has reported that this will enable construction to resume. Inside Auckland, insulation is among four ‘critical products’ that the government has allowed to resume production.

The Building Industry Federation (BIF) said that the government had listened to suppliers' concerns.

Published in Global Insulation News
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Recticel’s first quarter sales fall by 6.2% in 2020

29 April 2020

Belgium: Recticel has recorded sales of Euro298m in the first quarter of 2020, down by 6.2% year-on-year from Euro318m in the corresponding period of 2019. Recticel said that sales in the first two months of 2020, “remained in line with the previous year despite the impact of the coronavirus crisis on sales and operations in China.” Sales in March 2020 fell by 17% month-on-month, “due to the outbreak and the resulting governmental lockdown measures in most countries.” Insulation sales fell by 2.9% to Euro60.7m Euro62.5m. Recticel said, “Lockdown measures led to a reduction of construction activities as of mid-March 2020. Our insulation plants continued (reduced) operations in all countries except in France where construction activity was halted since mid-March 2020.”

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