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News Displaying items by tag: panel

Insulation industry news from Global Insulation

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Ukrainian domestic insulated panel sales grow in first half of 2024

29 August 2024

Ukraine: Construction firm Rauta recorded 15% year-on-year growth in the Ukrainian insulation sector’s domestic sales of insulated sandwich panels in the first half of 2024. Meanwhile, imports of the product dropped by 12% over the same comparison period. Consumption totalled 1Mm2, in line with 2023 volumes. Business World News has reported that Rauta noted a shift from other panel types towards polyisocyanurate (PIR) core panels.

Construction activity remains mostly concentrated in Western Ukraine due to the on-going Russian invasion in other areas of the country, with investors reportedly remaining cautious. Ukraine’s construction market has declined by 60 – 70% from antebellum levels in 2021.

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Kingspan Czechia’s sales drop in 2023

23 July 2024

Czech Republic: Kingspan Czechia’s sales dropped by 22% year-on-year to €142m in 2023. Its profit also declined, by 42% to €6.27m. Throughout the year, the company produced 4.66Mm2 of insulation panels, down by 4% from 2022 volumes. It reported total export sales of €108m, down by 23%. The main markets for the producer’s insulation were Germany, Austria, Switzerland and Slovakia. It holds a 25% market share in insulation sandwich panels in its native Czech Republic, up from 22% at the start of 2023. ČTK Business News has reported that Kingspan Czechia plans to begin construction of a new mineral wool insulation panels plant later in 2024.

General manager Stanislav Cihlar said "The new plant will be used to produce world-class insulation panels and will become an important pillar for our future growth.”

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Isonat to expand Mably wood fibre insulation panels plant

26 January 2024

France: Saint-Gobain subsidiary Isonat is investing Euro10m in a capacity expansion to its Mably insulation wood fibre insulating panels plant. French Collection News has reported that the expansion will double the plant’s capacity to 42,000t/yr. The company says that it aims to double its sales in two years. It noted growing demand for bio-sourced materials and the availability of favourable home renovations subsidies.

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Kingspan’s nine-month sales drop in 2023

06 November 2023

Ireland: Kingspan reported sales of Euro6.14bn during the first nine months of 2023, down by 1.8% year-on-year. During the period, its insulation sales fell by 7%, while its insulated panels sales rose by 10%. Insulated panels recorded single-digit volumes growth across all regions during the third quarter of the year. Kingspan expects to deliver a full-year trading profit greater than in 2022.

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Saint-Gobain secures approval for Building Products of Canada acquisition

21 August 2023

Canada: The Competition Bureau of Canada has cleared France-based Saint-Gobain to acquire Building Products of Canada. Building Products of Canada produces wood fibre insulation panels, among other materials for construction. Saint-Gobain says that the company complements its subsidiary CertainTeed Canada’s existing operations. It expects to complete the acquisition on 1 September 2023.

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Kingspan launches QuadCore LEC insulation panels

27 January 2023

Ireland/UK: Kingspan has launched a range of reduced-CO2 insulation panels called QuadCore LEC. The producer says that a 100mm-thick QuadCore AWP panel has 40% lower embodied CO2 than an EN15804-A2 standard insulation panel of the same thickness.

Kingspan’s head of innovation Mike Stenson said “As a business we are committed to developing high performing, energy efficient building envelope solutions that help minimise the carbon footprint of buildings over the whole life cycle.” He added “QuadCore is already one of the highest performing insulation technologies in terms of thermal efficiency (underpinned by a 25-year thermal warranty), which could enable higher energy and carbon savings through the operational life of the building. This is the first step on our journey to reducing the embodied carbon of our products, and we anticipate some major milestones by 2030 to drive that down even further.”

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Kingspan forecasts profit growth in first half of 2022

20 June 2022

Ireland: Kingspan says that it expects to record a profit of Euro415m in the first half of 2022, up by 26% year-on-year from Euro329m in the first half of 2021. The company noted that its global backlog of insulated panels orders fell by 2% year-on-year in volume on 31 May 2022, having previously been up by 19% year-on-year on 31 March 2022. It said that order volumes nonetheless remained above 2019 levels.

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Knauf Insulation’s Fiberglass Acoustic Panels certified Asthma and Allergy Friendly

06 June 2022

US: The Asthma and Allergy Foundation of America (AAFA) and Allergy Standards Limited (ASL) have certified Knauf Insulation’s Fiberglass Acoustic Panel glass wool insulation panel as Asthma and Allergy Friendly. The certification attests the product’s ability to limit pollutant and allergen exposure in the indoor environment.

Knauf Insulation’s senior vice president of customer experience, innovation, and sales Nathan Walker said “This Asthma and Allergy Friendly certification is evidence of Knauf’s commitment to providing high quality products that can improve indoor air quality and help create healthier home environments.”

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Kingspan increases nine-month revenues and insulated panels and board sales in 2021

12 November 2021

Ireland: Kingspan’s consolidated sales were Euro4.72bn in the first nine months of 2021, up by 22% year-on-year. Its insulated panel sales increased by 47% and its insulation boards sales increased by 51% over the same period. In the third quarter of 2021, the company’s sales rose by 50%, its insulated panels sales rose by 53% and its insulation boards sales rose by 78%.

The group said “Our backlog is strong, though it is reducing week-on-week as sales activity outpaces new order placement. Underlying panels order intake volume is down by 10% year-on-year in the third quarter of 2021. 2021 so far has been unusual and characterised by order placement earlier in the year than is typical, as customers sought to get ahead of on-going inflation and availability pressures. It is likely what we are experiencing now is a fallow period in order placement following that. Raw material prices have been somewhat stable in more recent weeks, albeit at record high levels and following a period of unparalleled increases. There are no signs yet of any meaningful raw materials deflation, although should that come the impact would be negative.” It added that its activity pipeline is ‘generally encouraging,’ saying “2021 has still to play out fully, with the seasonally important fourth quarter remaining and, accordingly, we expect to deliver a full year trading profit in the region of Euro750m, significantly ahead of the Euro508.2m recorded in 2020.”

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BASF exploring plastic waste recycling to make insulation products

10 January 2019

Germany: BASF is developing a pilot project to make insulation panels from plastics waste as part of its ChemCycling project. The company is making ethylene and propylene from the waste to use as raw material for further chemical manufacturing. Other projects the company is testing using waste plastics with include mozzarella packaging and refrigerator components.

“With our ChemCycling project, we are using plastic waste as a resource. In this way, we create value for the environment, society and the economy. We have joined forces with partners throughout the value chain to establish a working circular model,” said Martin Brudermüller, chairman of the board of executive directors and chief technology officer of BASF.

BASF feeds oil derived from plastic waste by an oiling process into the Production Verbund process. BASF gets this feedstock for the pilot products from Recenso in Germany. As an alternative, syngas made from plastic waste can also be used. The first batch of this oil was fed into the steam cracker at BASF’s site in Ludwigshafen in October 2018. The steam cracker is the starting point for Verbund production. It breaks down or ‘cracks’ this raw material at temperatures of around 850°C. The primary outputs of the process are ethylene and propylene. Under the mass balance approach, the share of recycled raw material can be mathematically allocated to the final certified product. Each customer can select the allocated percentage of recycled material.

BASF is working with its customers and partners, which range from waste management companies to technology providers and packaging producers, to build a circular value chain. Its next step is to make the first products from the ChemCycling project commercially available. However, technological and regulatory conditions need to be met on a regional basis before the project is market-ready.

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