Insulation industry news from Global Insulation

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.

Azerbaijan: Russia-based Technostyle has indicated its intention to launch its polyisocyanurate (PIR) sandwich panel insulation on the Azerbaijani market.

The Azerbaijan Industry Review newspaper has reported that Technostyle's PIR panels project manager Aleksey Demyanov said "We are confident in the quality of our sandwich panels and engineering solutions, which can significantly contribute to the construction industry. We strive to become reliable partners for Azerbaijani construction companies, offering them advanced technologies and helping them to implement ambitious projects."

Germany: Netherlands-based FALK Bouwsystems has agreed to purchase Salzgitter Bauelemente from Salzgitter Group for an undisclosed price. Steel construction element manufacturer Salzgitter Bauelemente will continue to do business as a independent subsidiary with its existing managing director Kai Bohmbach. Under the terms of the acquisition, Salzgitter Bauelemente’s plant in Lower Saxony will continue to be supplied with raw materials from Salzgitter Flachstahl. However, its building and storage area will remain the property of Salzgitter Flachstahl and are leased to the purchaser for a minimum rental period of 10 years, with an option to extend.

FALK Group said, “With the acquisition of Salzgitter Bauelemente, we are pursuing the goal of entering the German market independently. To this end, we will build on the existing know-how and intend to expand the production volume at this location. The investment measures planned by management are also to be continued.”

Salzgitter Bauelemente produces steel construction elements, including sandwich panels made with polyurethane and mineral wool cores. Sandwich panel producer FALK Bouwsystems produces around 5Mm²/yr, about twice that of Salzgitter Bauelemente.

Germany: Ireland-based Kingspan has concluded a deal to acquire mineral wool-based sandwich panels producer Calostat from speciality chemicals company Evonik. Calostat's boards have Cradle to Cradle Gold certification for sustainability and employ a unique moisture management concept.

Kingspan said that the acquisition complements its portfolio and enhances its ability to offer the right type of insulation for every application.

Spain: Ireland-based Kingspan has acquires mineral wool-based sandwich panel producer Invespanel. Invespanel’s panels include extruded polystyrene (XPS) and expanded polystyrene (EPS)-core refrigeration panels, and the company continually develops new sandwich panels for various applications. Invespanel recorded a turnover of Euro11m in 2021.

Kingspan’s Southern Europe insulated panels director Josep Jordan said “The integration of Invespanel into Kingspan is a great opportunity to complement our offerings with customised products for even the most demanding applications. The synergies with the Kingspan group, together with Invespanel's technological know-how and human capital, will be the key tool to drive the growth of our project in Southern Europe.”

Slovakia: Ireland-based Kingspan has stopped an attempt to buy Trimo due to difficulties obtaining approval from the European Commission. Regulatory approval failed to arrive before a deadline set in August 2020 when Kingspan and Polish private equity fund Innova Capital signed a contract for the sale, according to the Finance newspaper and the Slovenian Press Agency. During its investigation the commission expressed concerns that the acquisition could reduce competition and lead to price rises in several countries. It added that the acquisition would have created the largest supplier of mineral wool sandwich panels in Europe.

Trimo was acquired by Innova Capital in 2016. It produces mineral wool sandwich panels and is reportedly the second largest seller of the products in Europe with a 10% market share. It operates production plants in Slovenia and Serbia and most sells panels in Europe. Innova Capital is expected to select a new buyer for Trimo.

Azerbaijan: Titan Group says it plans to start export insulated sandwich panels and refrigerators to Georgia from September 2020. The industrial products manufacturer made the decision following market research that identified demand in Central Asia, according to the Trend News Agency. The company produces panels using polyisocyanurate foam (PIR) and rigid polyurethane (PUR). It says it is the only company making these products in Azerbaijan.

Saudi Arabia: Building Component Solutions Co. (BCOMS) has earned the FM Approvals Class 4480 certificate of compliance from FM Approvals for the company’s metal-faced, combustible core, interior wall/ceiling and exterior wall assembly building panels, as well as the FM Approvals Class 4471 certification for BCOMS insulated roof panels.

FM Standard 4480 evaluates insulated wall or wall and roof/ceiling panels, interior finish materials or coatings, and exterior wall systems for their performance with regard to fire resistance. BCOMS also gained FM Standard 4471 approval for the performance of metal roof panels. FM Approvals is a provider of testing and certification to determine product compliance with industry standards for hazardous locations and product performance.

“We are extremely proud to receive the FM Approvals certification, which assures customers that our products have been objectively tested and conform to international standards,” said Nasri Majzoub, general manager of BCOMS.

BCOMS is a supplier of sandwich panels based in Saudi Arabia, producing more than 1.5Mm^₂/yr of sprayed polyisocyanurate (PIR) foam and mineral wool sandwich panels. Its export markets include the Middle East, North Africa and Asia.

Romania: Proinvest Group will complete a Euro10m sandwich panel plant in 2018. The first phase of the project, worth Euro3m, was completed in February 2016 with the commissioning of the first production line for sandwich panels with mineral wool core for roof and walls. The line has a capacity of 1Mm²/yr. The second phase of the project will be completed in 2018 with the commissioning of a new production line of sandwich panels, the company said in a press release.

The Romanian steel processing company is based in Pascani, northeastern Romania. It owns four plants and has more than 350 employees.

Latvia: The Latvian construction materials manufacturer, Tenapors, plans to invest Euro3.8m in a new production plant in Dobele. The new plant, which will produce insulation sandwich panels, will be completed in September 2015 and will employ 15 people. Roberts Kurma, director of the export department at Tenapors, said that the new plant would allow the company to double its production volume and sales in the Baltic States and Scandinavia. Tenapors had another factory in Valmiera, which produces insulation materials from geofoam.