Thailand: Eastern Polymer Group has set aside US$8m to research and development of its insulation business. The funding will go towards new products and to enhance its production line with automatic and high-speed machinery for thermal insulation products under the Aeroflex brand, both domestic and international. Overall the company has set a revenue target of up to US$312m for its 2016 - 2017 financial year with a budget of US$57m for capital expenditure and mergers and acquisitions across its main businesses, according to the Nation.
Stepan moves European R&D and Technical Service centre to Poland
Poland: Stepan Company has completed the relocation of its European R&D and Technical Service centre to new laboratories in Wroclaw. The expanded facilities will serve Stepan's business in insulation foams as well as the diverse Coatings Adhesives Sealants and Elastomers (CASE) business. In addition to providing increased space for its growing team of scientists, the expanded facilities include a wide range of test and production equipment to support Stepan's customers with innovation and technical development projects.
The specialist and intermediary chemical production company also confirmed that the expansion of its polyester polyol facility in Brzeg Dolny will be completed in mid-2016, with the addition of a new reactor. The new asset is required to support Stepan's growth in the CASE business for its European customers.
"The completion of this expansion to our facilities in Poland marks a significant milestone in our growth story within the European polyester polyol industry. Commitment to these plans by Stepan is an endorsement of our growth strategy,” said Roger Stubbs, Vice President, Polymers Europe.
Rockwool updates Light Batts Skandic package design
Russia: Rockwool has updated the package design of its Light Batts Skandic heat insulation material for private house building in Russia. The packaging now contains additional information signs, a barcode, information about the tiles’ geometry and the package volume. These were previously featured on a paper label. The new design is intended to aid customers understand how to use the product properly and calculate the necessary amount of the heat insulation.
Light Batts Skandic products with 50mm thick tiles are being produced in the renewed design at the Rockwool plant in Yelabuga. The plant in Vyborg will switch to the paper labelling by the end of August 2016.
Saint-Gobain increases stake in Isoroc to 100%
Russia: Saint-Gobain has increased its share in the Tambov-based heat insulation producer Isoroc from 74.9% to 100%. The plant's capacity exceeds 100,000t/yr. The French company obtained permission from the Federal Antimonopoly Service to increase its share of Isoroc in late 2015.