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Installed Building Products acquires EcoLogic Energy Solutions
Written by Global Insulation staff
02 July 2015
US: Dow Jones Institutional News has reported that Installed Building Products (IBP) has acquired EcoLogic Energy Solutions, which is based in Stamford, Connecticut.
EcoLogic is primarily an installer of spray foam and fibreglass insulation serving the Connecticut, New York and Northern New Jersey markets. Approximately half of EcoLogic's sales are in the new residential end market with the remainder split between commercial and repair and remodel activity. EcoLogic's sales for the 12 months that ended on 30 April 2015 were approximately US$6m.
"We are pleased to announce the addition of the EcoLogic team as we continue to strengthen our position in the New York Metropolitan area," said Jeff Edwards, chairman and CEO of IBP. "EcoLogic complements our strategic growth objectives and further diversifies our product and end market exposure. We expect this transaction to be immediately accretive as we integrate these assets onto our platform. Building on our robust acquisition activity to date, we remain committed to further capitalising on the significant expansion opportunities in our strong deal pipeline to continue improving our business."
Johns Manville to increase glass microfibre capacity in Waterville, Ohio
Written by Global Cement staff
01 July 2015
US: Johns Manville (JM), a Berkshire Hathaway company, has announced that it will increase its glass microfibre capacity by early 2016 at its plant in Waterville, Ohio.
"We have initiated several productivity projects and line modifications that will noticeably increase our microfibre capacity," said Martin Kleinebrecht, marketing and portfolio management leader for JM Engineered Products. "We continue to experience a strong global demand for glass microfibre and we fully expect this trend to continue over the next several years." Kleinebrecht added that JM is exploring a number of additional investments in its glass microfibre business and plans to announce more details in the near future.
JM has maintained a large presence in Waterville since 1958. In addition to glass microfibre, JM manufacturers a variety of premium-quality products at this location, including wet and dry chop glass fibres, single-end rovings and nonwoven fibreglass mat. These materials are used in roofing, gypsum wallboard and specialty applications, as well as in plastic reinforcement and weaving. Glass microfibre products are widely used in filtration and advanced lead-acid battery applications.
Johns Manville celebrates inauguration of new lightweight spunbond line in Berlin
Written by Global Insulation staff
19 June 2015
Germany: Johns Manville (JM), a Berkshire Hathaway company, has celebrated the inauguration of a state-of-the-art polyester spunbond production line at its plant in Berlin, Germany.
The new Euro32m line is part of a strategic plan to support the growing demand for high-end polyester filtration media. The new line utilises newly-developed proprietary spinning technology and will increase the Berlin plant's spunbond lightweight capacity by more than 40%.
"The new capacity at our Berlin plant will benefit Johns Manville's global customer base," said Mary Rhinehart, president and CEO. "Customers will have even greater access to our high-quality filtration products and to a new generation of spunbond filter media for cabin air, air pollution control and liquid filtration applications. This new lines also puts Johns Manville in a prime position to handle continued growth and customer demand in the many global markets we serve."
The Berlin site was founded in 1919 as 'Spinnstofffabrik Zehlendorf AG.' In 1960, Hoechst acquired the plant and in 1967 changed the production from Perlon (artificial silk) to spunbond and filaments polyester. In 1999, JM acquired the Berlin plant from Hoechst Trevira. Plant employees produce and market Evalithâ„¢ polyester spunbond nonwovens mainly for the filtration, roofing and geotextile industry.
Armacell presents environmental product declarations for its elastomeric insulation materials
Written by Global Insulation staff
17 June 2015
Luxembourg: Armacell is now the first manufacturer of flexible technical insulation materials to present environmental product declarations (EPDs), which are based on an independent life cycle assessment (LCA).
EPDs are becoming more important in the construction industry as they provide a transparent, independent and reproducible analysis of the environmental impacts of construction products and give detailed information with sound data and figures. As a 'sustainability passport,' EPDs form the basis for designing green buildings in accordance with certification schemes such as LEED, BREEAM or DGNB.
Comparing the primary energy input identified in the Armacell LCA with the energy saving achieved shows that using Armaflex insulation materials saves 140 times more energy than is needed for their manufacturing, transport and disposal. The energy input needed to manufacture Armaflex is paid off after just 50 days.
"With the EPDs we create a unique degree of transparency for our Armaflex products. We provide architects, specifiers and those inviting tenders with reliable information for designing sustainable building projects. At the same time we commit ourselves to continuing to improve the environmental friendliness of our products and thus sharpening our competitive edge," said Patrick Mathieu, CEO of the Armacell Group.
Industry heads slam 'perverse' EU ruling on green goods VAT
Written by Global Insulation staff
16 June 2015
UK: Industry leaders have attacked the EU's decision to outlaw Britain's reduced 5% VAT rate on energy-saving products such as insulation and solar panels, calling it 'perverse' and 'hypocritical.'
The European Court of Justice recently ruled that Britain's longstanding reduced rate on the supply and installation of energy-saving products breached its VAT directive, which allows a reduced rate only in energy-saving products used in social housing projects, or as part of a social policy. It means millions of households could now have to pay the 20% rate when installing insulation, solar panels, wind turbines, controls for central heating and wood-fuelled boilers.
"The government will study the judgment carefully and consider next steps," said a government spokesperson.
Dave Snowden, chief executive of the Sustainable Energy Association, accused the EU Commission of 'the most astonishing hypocrisy' and said the ruling was 'perverse.' Snowden added that the EU's decision is, "Contrary to almost every principle and policy created to reduce consumers' energy consumption, cut emissions and help boost economic recovery across the EU."
John Sinfield, Northern Europe managing director for Knauf Insulation, called the ruling 'perverse' and 'nonsensical' and said it was a, "Contradiction where consumption of a valuable resource is rewarded and efficiency penalised."
Pedro Guertler, head of research at the Association for the Conservation of Energy, criticised the European Court of Justice for taking a 'very narrow interpretation' of the VAT directive and said the ruling meant that, "Everything will cost 14% more."
Richard Twinn, policy adviser at the UK Green Building Council, said that the ruling was 'ultimately bad news' for the UK. He added that the ruling would, "Push up the cost of ECO, reduce the measures that can be funded through the Green Deal and could deter people from installing solar PV and heat pumps."
"While it is true, as asserted by the UK, that a policy of housing improvement may produce social effects, the extension of the scope of the reduced rate of VAT to all residential property cannot be described as essentially social," said the European Court of Justice in a statement.