Insulation industry news from Global Insulation
Rockwool's continuing Russian activities draw protest
17 November 2022Denmark/Russia: The Association of Ukrainians in Denmark has launched a protest outside Rockwool's headquarters in Hedehusene to demonstrate against the company's continuation of activities in Russia via its local subsidiary. Local press has reported that Rockwool allegedly told the Association of Ukrainians in Denmark that divesting the Russian business would allow its profits and future cash flows to remain in Russia.
In October 2022, Rockwool clarified that it remains out of contact with its Russian business and views their relationship as a mere ownership of shares.
US: Rockwool has started legal action against the Jefferson County Board of Education (BOE) describing its attempts to stop construction of new mineral wool insulation plant as ‘unlawful.’ Court documents filed by the Danish insulation company allege that the BOE is trying to buy land from Rockwool for a low rate to build a student support centre otherwise it has threatened to appropriate it under US condemnation rules. Rockwool contends that the BOE originally supported the new plant with tax breaks but has since change its mind as local activists have opposed the project.
Rockwool started construction work on its US$150m mineral wool plant at Ranson, West Virginia in mid-2018. Production at the site is scheduled to start in early 2020.
US: Sixty protestors have met with the Charles Town City Council in West Virginia to complain about a new stone wool plant being built in Ranson, Jefferson County. They asked that the council do more research into the effects the plant would have on the local environment, according to the Martinsburg Journal. Rockwool broke ground on the project in late June 2018 and it is expected to open in early 2020.