Insulation industry news from Global Insulation
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.
Saint-Gobain increases profit by 207% in 2019
28 February 2020France: Saint-Gobain’s net profit in 2019 was Euro1.45bn, up by 207% year-on-year from Euro474m in 2018. Its net sales were Euro42.6bn, up by 1.9% from Euro41.8bn in 2018. Saint-Gobain chairman CEO Pierre-André de Chalendar praised the year’s performance in spite of a ‘less supportive market environment in the second half.’ He said, “For 2020, in a more uncertain market environment, Saint-Gobain should continue to benefit from its attractive positioning and from the results of its ‘Transform & Grow’ initiative, and is targeting a further like-for-like increase in operating income with an uncertainty about the impact of the coronavirus.”