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News Displaying items by tag: government

Insulation industry news from Global Insulation

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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).

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Masterplast strikes deal with Market Epito to build mineral wool plants in Central Europe

13 December 2022

Hungary/Serbia: Building products producer Masterplast and construction company Market Epito have entered into a strategic cooperation agreement to build mineral wool plants in Central Europe to meet anticipated demand for insulation. Plans for a first plant to be built in either Hungary or Serbia could be finalised in the first quarter of 2023. Joint-venture companies will be set-up on a 50:50 basis to support the new plants. As part of the deal, both companies would endeavour to purchase mineral wool from the new production units where possible for Market Epito’s construction projects and Masterplast’s commercial activities. The companies also hope to use public funding to support the building of new plants due to their importance to the national economy.

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Owens Corning sells Belarusian and Russian assets to Umatex

08 December 2022

Belarus/Russia: US-based Owens Corning has agreed to sell its Belarusian and Russian assets to materials and technologies company Umatex. Umatex is a subsidiary of Russian state-owned nuclear power provider Rosatom. World Service Wire News has reported that the assets in question include the Gus-Khrustalny glasswool plant in Vladimir Oblast and the Tver mineral wool insulation plant in Tver Oblast, both in Russia.

Owens Corning chair and CEO Brian Chambers said "This announcement represents the final step in our process to fully exit our operations in Russia. I would like to thank our colleagues in Russia for their contributions to our company and customers over the years."

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Knauf Insulation details Euro135m Târnăveni dual insulation plant plans

14 October 2022

Romania: Knauf Insulation will invest Euro135m in expanding its Târnăveni glass wool insulation plant and building a new adjacent plant at the site. Knauf Insulation says that the major expansion will advance the Romanian government's 'energy savings offensive' by supporting a renovation drive for the country’s housing stock. The government aims to increase the national area of modern renovated properties by a factor of six, with a Euro30bn allocation from its Recovery and Resilience Fund.

Germany-based Knauf's managing partner Alexander Knauf said “The commitment demonstrates our trust and confidence in the country and our employees. We look forward to becoming part of the local community. Together, we are setting new standards for building and living in Romania.”

Operations at the original Târnăveni glass wool insulation plant recently recommenced following a Euro4m upgrade by Knauf Insulation, which completed its acquisition of the plant in May 2022. Previous owner Gecsat produced insulation at the site from 2008.

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Retrofit energy efficiency funding announcement in the UK

06 October 2022

UK: The government has announced funding of up to Euro1.7bn to retrofit 130,000 social and low income homes in England with energy efficiency measures including insulation. It says that the upgrades will help households save around Euro450 - 800/yr on their energy bills at current prices and funding could support around 19,000 green energy sector jobs. The money will be made available via the Social Housing Decarbonisation Fund and Home Upgrade Grant schemes.

Local authorities and social housing providers will be able to submit bids for funding and will deliver upgrades from early 2023 until March 2025, building on the more than 30,000 homes already being upgraded under the Social Housing Decarbonisation Fund and Home Upgrade Grant schemes.

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Fletcher Building Materials increases sales and earnings in 2022 financial year

17 August 2022

New Zealand: Fletcher Building Materials recorded consolidated sales of US$5.37bn during its 2022 financial year, up by 4.7% year-on-year from US$5.13bn in the previous year. Its net earnings also rose by 42%, to US$273m from US$193m.

The group's building materials division contributed US$1.02bn-worth (17%) of group sales. The division made capital expenditure investments of US$129m. During the financial year, its insulation subsidiaries Forman Building Systems and Tasman Insulation merged under its new Comfortech business. Comfortech will commission a new glasswool plant in mid-2023. Fletcher Building Materials says that, when operational, the new unit will help to serve increased ceiling insulation demand arising from changes to the New Zealand Building Code.

Fletcher Building Materials chief executive officer Ross Taylor said "The 2022 financial year has not been without its challenges. Global and national supply chain disruptions have continued into the third year of the Covid-19 pandemic." He added "The New Zealand Commerce Commission recently published its interim market study report into residential building supplies. The final report and recommendations will be published in December 2022 and in the meantime we will continue to work collaboratively with both the commission and the government."

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Al-Hosn International Company for Building Materials Industry and Zenith to establish insulated concrete block plant in Benghazi

07 July 2022

Libya: Al-Hosn International Company for Building Materials Industry has partnered with China and Germany-based Zenith to establish an insulated concrete block plant. The Benghazi Chamber of Commerce has held a meeting with the companies to discuss their plans.

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US National Insulation Association is a Better Climate Challenge ally

27 June 2022

US: The National Insulation Association (NIA) has joined the US Department of Energy’s Better Climate Challenge initiative as an ally. Allies play a lead role in raising awareness of the initiative, which aims to reduce CO2 emissions across US industrial plants and buildings.

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Belgian government lowers VAT on insulation

07 June 2022

Belgium: The government has reduced value-added tax (VAT) on insulation to 6% from 21%. The measure aims to reduce national natural gas consumption in order to be prepared for any future shortage. Belgium is 6% reliant on Russia for its gas supply. Utilities companies supplying the Benelux region have declined to settle their bills with Russia-based producer Gazprom in Russian Rubles, so face a shut-off. Energy Minister Tinne Van der Straeten said that the Port of Zeebrugge was ready to begin imports of liquefied natural gas (LNG) from the US and elsewhere.

Van der Straete called on Belgians to ‘Insulate your homes, isolate Putin.’

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Rockwool increases first-quarter sales and earnings in 2022

19 May 2022

Denmark: Rockwool recorded consolidated sales of Euro924m in the first quarter of 2022, up by 38% year-on-year from first-quarter 2021 levels. The group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 12% year-on-year to Euro155m.

CEO Jens Birgersson “High demand and sales price increases drove double-digit revenue growth across almost all business units. While not materially affecting sales performance at this point, the terrible war in Ukraine and the challenging geopolitical situation are contributing to an already stressed global economy. Even with the price increases, the soaring energy, material, and logistics costs diluted margins in the first quarter. This will necessitate further price increases across the businesses.” Birgersson added “We expect to restore margins in the coming quarters.”

In its Outlook 2022, Rockwool predicted full-year net sales growth of 20 – 25% in local currencies and Euro425m-worth of group investments during the year, excluding acquisitions. It says that its business in Russia continues operating on a stand-alone basis, in order to avoid nationalisation and loss of its intellectual property.

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