Canada: CanWel Building Materials has entered into a multi-year agreement with Knauf Insulation for distribution of its mineral wool insulation products to the Lumber and Building Materials (LBM) channel across Canada.
"We are excited to extend our product offering for the LBM channel to include this high quality product line and to partner with one of the world's largest manufacturer of glasswool insulation," said Marc Seguin, President of CanWel.
Denmark: Rockwool’s profit has risen by 56% year-on-year to Euro28m for the first quarter of 2016 from Euro18m for the same period in 2015. Its net sales fell slightly to Euro494m from Euro499m. it reported sales of Euro368m in its insulation business, a slight fall from Euro375m in the first quarter of 2015. The company stated that sales growth had continued from 2015 into early 2016 in most markets with the exception of Russia where exchange rate variations contributed to a slight decline in net sales in the quarter.
“We continue to improve the overall health of the business. I am especially pleased to see that our business transformation programme is contributing so significantly to the strong Q1 result. The growth in North America continues and in Europe we see good developments in both Northern and Southern Europe, a trend we would like to see spreading to the core markets of Germany and France. Russia is the main challenge at the moment, but even with this important market at a low level we made solid progress in group profitability,” said company chief executive officer Jens Birgersson.
Saudi Arabia: Honeywell and Bayer Pearl are targeting the Saudi Arabian market with a spray foam system that uses a proprietary Honeywell liquid blowing agent.
“We are delighted that Bayer Pearl has formulated their new spray foam system with Solstice Liquid Blowing Agent and are encouraged that Saudi Arabian leaders are considering implementing these new technologies to further enhance their economy and society,” said Amir Naqvi, regional marketing leader at Honeywell Fluorine Products.
The announcement follows a workshop in Riyadh entitled ‘Sustainable Solutions for polyurethane Foam’ that has looked at organic insulation. In the wake of the Saudi 2030 Vision development plan it is anticipated that 1.5m new homes will be required in the country and energy demands will also grow. Demand for thermal insulation is expected to rise in line with this.
Russia: TechnoNicol plans to launch production of its polyisocyanurate (PIR) foam insulation plant in the Ryazan region on 24 May 2016. The new plant will have a production capacity of 30Mm2. Investment in the project amounts to Euro22.6m according to local press. The plant was originally scheduled for launch in the autumn of 2015.
