Insulation industry news from Global Insulation

France: Saint-Gobain and EBRD (European Bank for Reconstruction and Development) have signed an agreement whereby EBRD will increase its participation in Saint-Gobain Construction Products Rus LLC from its current stake of 11% to 33%.

The EBRD equity injection will contribute to financing Saint-Gobain Construction Products' planned investments in Russia for the next three years, including projects in the gypsum, industrial mortars and insulation activities in several regions.

The investments will reflect the Environmental and Social Action Plan that was agreed with EBRD, thereby reaffirming the commitment of Saint-Gobain Group to the highest standards in environmental performance, corporate governance and business conduct.

This operation will contribute to the acceleration of Saint-Gobain's development in Russia, in alignment with the Group's strategy of strengthening its position in fast growing markets.

US: PPG Industries has reported that its North American architectural coatings business has completed its acquisition of the Homax Group from Olympus Partners. Homax is a supplier of decorative aerosol wallboard and ceiling-texturing applications that are utilised primarily for home repair. Financial terms of the deal were not disclosed.

China: Chemicals producer Evonik Industries has started operations at a new 230,000t/yr capacity hydrogen peroxide plant in July 2014 in Jilin City, Jilin Province. Evonik invested more than US$139m in the site to raise its global capacity for hydrogen peroxide production to more than 900,000t/yr.

"This investment further consolidates our market leadership for hydrogen peroxide," said Klaus Engel, executive board chairman of Evonik Industries. Evonik will supply hydrogen peroxide from Jilin direct to the neighbouring propylene oxide plant run by Jishen Chemical Industry Co Ltd. Jishen will use the hydrogen peroxide to manufacture propylene oxide on the basis of the HPPO process. Propylene oxide is mainly used to make polyurethane intermediates that are used in manufacturing insulation materials for the construction and refrigeration industry.

"We are registering a great deal of demand around the world for our efficient HPPO process," said Gregor Hetzke, head of the advanced intermediates business unit at Evonik. "The Jilin plant represents another milestone on the way to establishing hydrogen peroxide as an eco-friendly oxidant for the process of chemical synthesis. The project is also proof of how we use new technologies to systematically drive forward our growth."

Evonik developed the HPPO process together with ThyssenKrupp Uhde. The new plant in Jilin is the second of its kind. The HPPO process allows the eco-friendly oxidant to also be used in the direct chemical synthesis of propylene oxide. The benefits of the new method are that it requires much lower investment costs, has high production efficiency and has excellent environmental compatibility.

Another large Evonik plant, a US$136m integrated production complex for isophorone and isophorone diamine, started trial operations in Shanghai in May 2014 and will be officially inaugurated in July 2014. The complex will have a capacity of 50,000t/yr.

"The new plant continues our successful growth story in isophorone chemistry," said Patrik Wohlhauser, executive board member and chief operating officer of Evonik Industries. "We are now represented in the three major economic zones, Europe, North America and Asia."

UK: Matilda's Planet, a company that develops and manufactures domestic energy-saving products, is hoping to create 55 new jobs after launching its latest insulation system for solid-walled homes. Matilda's Planet said that it will be able to increase manufacturing capacity at its Kenfig Hill plant, near Port Talbot, following a multi-million euro investment backed by Euro565,472 business finance from the Welsh Government.

The extra capacity will be used to produce its Matilda's Blanket product, which was developed in-house using patented technology and is designed to insulate older stone or brick houses that have no cavity walls. It is estimated there are around eight million solid wall homes in the UK that have no insulation, while 34% of homes in Wales were built prior to 1919, before cavity walls became the norm.

Matilda's Blanket uses a slim-line modular panel system which differs from most existing products on the market. The material is stronger than traditional wallboard while each system is made-to-measure using computer-aided design, pre-fabricated and delivered in kit form, so a room can be fully fitted and decorated in a day. Matilda's Blanket has been tested and measured by organisations such as the National Physical Laboratory and the Energy Saving Trust and has been credited with cutting fuel bills typically by around 40%.

"We wanted to keep it in Wales and Welsh Government support ensured it was viable to do so," said David Evans, founder of Matilda's Planet. "We look forward to ramping up production, launching Matilda's Blanket and creating local jobs."

US: Extech Building Materials, a provider of building materials and insulation products for professional builders and contractors, has completed the acquisition of Pasvalco, a natural stone supplier and custom stone fabricator in New Jersey.