Insulation industry news from Global Insulation

UK: Norway-based BEWI has acquired an additional 51% stake in Jablite Group for around Euro12m making it the sole owner. It previously purchased a 49% stake in the expanded polystyrene (EPS) insulation products producer and civil engineering provider in June 2020. At the time Jablite initiated a restructuring programme due the negative effects of the coronavirus pandemic and resulting lockdowns. As part of the programme it also closed two of its facilities.

The current management of Jablite, including managing director Richard Lee and finance director John Cooper, will continue in their roles going forward. Rik Dobbelaere, a previous chief executive officer (CEO) of Synbra Holding and BEWi Synbra Group, and director of the board of BEWI ASA, has been director of the board of Jablite since BEWI’s acquisition of the 49% stake in 2020.

“We are very pleased to now be able to include Jablite fully to our team. The company has shown an impressive development the last two years, and we look forward to further strengthen our market position in the UK together going forward,” said Christian Bekken, CEO of BEWI. He added that Jablite’s operations would complement the UK-based operations of Jackon well and that synergies were expected by combining the two companies once the acquisition Jackon transaction is completed. BEWI started to buy the Norway-based supplier of insulation and construction systems in late 2021.

BEWI is an international provider of packaging, components and insulation products.

Germany: BASF has launched Neopor Mcycled expandable polystyrene (EPS) granulate, an EPS insulation raw material containing 10% recycled EPS waste. Building materials producer Karl Bachl collaborated in the product’s development.

Karl Bachl Managing Director Michael Küblbeck said “Today’s EPS insulation materials from the construction and packaging sectors can be fully recycled. At present, the high-quality recycled material is mainly sourced from waste streams from the packaging sector. That means we can already ensure that the recycled material is of the necessary high quality.”

Austria: Austrotherm plans to raise the prices of its extruded polystyrene (EPS) insulation and expanded polystyrene (XPS) insulation products in response to “very strong” increases in raw materials, energy and transport costs. The latest round of price increase will take effect in early April 2022. The producer added that it could not rule out re-introducing monthly quantity quotas if order intake remained high.

US: Ireland-based Kingspan has acquired Minnesota Diversified Products, the producer of the DiversiFoam range of expanded polystyrene (EPS) and extruded polystyrene (XPS) foam and polyisocyanurate (PIR) foam billets. The group says that DiversiFoam will join Kingspan Insulation’s North American division and become a key proponent of its 10-year sustainability programme, Planet Passionate. It plans to expand the company’s Rockford EPS foam plastic recycling plant. Minnesota Diversified Products is committed to recycling 99% of production waste.

Managing Director Doug Crawford said "DiversiFoam and Kingspan are a natural fit from a geographic, technical and cultural perspective. The combination of these two outstanding businesses, coupled with Kingspan’s commitment to further investment will provide our collective customer base, our employees and our business partners with significant value. I am thrilled to welcome the DiversiFoam team into the Kingspan family.”

Serbia: Austria-based Austrotherm has started operation on a new extruded polystyrene (XPS) production line at its Nis plant. The upgrade cost Euro3.5m and has created 15 new jobs at the site. It originally purchased the expanded polystyrene (EPS) and XPS plant in 2005 and it exports products to Albania, Kosovo, Croatia, Bosnia and Herzegovina, Montenegro, Macedonia and Bulgaria.

“We are particularly proud that we were able to complete the capacity expansion in Serbia as planned, despite all the Corona adversities,” said Klaus Haberfellner, managing director of Austrotherm.

Sweden: BEWiSynbra Group has appointed Jonas Siljeskär as its new chief executive officer (CEO) with effect from the start of 2020. He succeeds Rik Dobbelaere, who has been the CEO of BEWiSynbra since mid-2018, following BEWi’s acquisition of Synbra in May 2018. Dobbelaere will remain as an advisor to the company and the intention is to propose to the general meeting to elect him as a new member of the board in BEWiSynbra.

Siljeskär has been deputy CEO of BEWiSynbra since mid-2019, with full responsibility of all operational aspects of the company, and prior to this he was the chief operating officer (COO) and managing director of BEWiSynbra RAW.

Sweden’s BEWiSynbra Group is a vertically-integrated producer of expandable polystyrene (EPS) products, including packaging, components and insulation.

Hungary: Austria’s Austrotherm has built a Euro0.9m warehouse at its base in Szekszard. The new unit has an area of 2000m², according to the MTI – Eco news agency. The insulation producer manufactures expanded polystyrene (EPS) insulation at a plant in Gyor.

Turkey: Austria’s Austrotherm has opened a 400,000m³/yr expanded polystyrene (EPS) plant in Ankara. It is its third insulation plant in the country. The project cost Euro2m. The site has created 14 jobs. The company entered the Turkish market in 2008 and built its second plant near Izmir in 2013.

Austria: Austrotherm has raised the prices of its extruded polystyrene (EPS) insulation and expanded polystyrene (XPS) insulation products. The price rise will take place on 12 March 2018. It has blamed a ‘very tense’ situation in the raw materials market.

Czech Republic: Sika has agreed to acquire KVK Holding, a manufacturer of waterproofing and roofing systems, including insulation products and a range of mortar products. The transaction is subject to clearance by anti-trust authorities. KVK operates six production sites: three for the manufacture of mortar products, two for bituminous membranes and one for expanded polystyrene insulation (EPS) for building envelope solutions. With these facilities Sika will strengthen its production platform and expand its geographical footprint in the growing Czech market. KVK’s relationships with major builders’ merchants will also allow Sika to enhance its presence in the Czech market.

“KVK is a proven industry leader, with a product portfolio and geographical presence that will increase our market penetration and support our growth strategy. The acquisition also brings us manufacturing expertise for waterproofing and insulation solutions,” said Ivo Schädler, Regional Manager EMEA.