Insulation industry news from Global Insulation
Kingspan invests US$10m in software company
19 January 2018Ireland/US: Ireland’s Kingspan has invested US$10m to buy a minority stake in Invicara, US-based a provider of software for the construction industry. Invicara has developed products that integrate with Building Information Modelling (BIM) technology, allowing collaboration between partners on construction projects such as architects, engineers and contractors. Louise Foody, Kingspan's Director of Digital and Brand, and Mike Stenson, Head of Innovation at Kingspan, will also join Invicara’s board of directors.
"For manufacturers of building systems and solutions, digitalisation enabled by technologies like BIM is a game changer. At Kingspan, we aim to leverage digital technologies to further align our offerings with our customer's needs and more efficiently collaborate with owners, designers, and contractors at every stage of the building lifecycle," said Foody.
BIM Assure, the first product built on the Invicara platform allows owners to access, validate, and report on model data. The product is currently in use on projects in North America, Ireland, the UK, Australia and Singapore.
Recticel to build production capacity in UK
10 March 2017UK: Belgium’s Recticel plans to invest at least Euro20m towards increasing its production capacity by at least 50% of rigid polyurethane foam (PIR) panels for thermal insulation for the construction market. Start of production is planned for the third quarter of 2018. The polyurethane foam producer plans to take advantage of stricter insulation standards and regulations, higher energy prices and the growing market awareness for the product.
“This investment is consistent with the growth strategy of our Insulation business. It brings substantial additional production capacity to enable Recticel to continue to serve its customers in the United Kingdom and to grow with them,” said chief executive officer Olivier Chapelle.