Insulation industry news from Global Insulation

US: Honeywell, an American multinational conglomerate that produces a variety of commercial and consumer products, engineering services and aerospace systems, has announced that it plans to increase its production of low global-warming-potential (GWP) materials (i.e. insulation materials, refrigerants, aerosols and solvents).

The company projects that use of its low-GWP hydrofluorocarbon (HFC) replacements will eliminate more than 350Mt in CO₂ equivalents by 2025, equivalent to removing 70 million cars from the road for one year. Prior to 2020, Honeywell will drive a 50%/yr reduction in the production of high-GWP HFCs on a CO₂ equivalent basis. In addition, Honeywell plans to spend US$900m on research and development and new capacity, mainly in the US, in the coming years to produce next-generation refrigerants, insulation materials, aerosols and solvents. These have global warming potentials at least 99% lower than most technologies used today.

US: For the fifth year in a row Owens Corning has earned placement in the Dow Jones Sustainability World Index (DJSI World) in recognition of its sustainability initiatives.

For the second straight year, Owens Corning was named the Industry Leader for the DJSI World Building Products group.

"We are proud to have earned a place on this list again this year," said chairman and CEO Mike Thaman. "Our employees are working every day to make homes more energy-efficient, roofs more durable and weather-resistant, cars more fuel efficient and renewable energy more cost effective. Our sustainability strategy is realised every day at Owens Corning, through the products we produce and the way we produce them."

Composed of global sustainability leaders, the DJSI World Index is a listing of the world's largest companies based on long-term economic, environmental and social criteria. The DJSI follow a best-in-class approach, including companies across all industries that outperform their peers in numerous sustainability metrics.

US: USA Insulation, which specialises in retrofit insulation, opened a new franchise location in St Louis, Missouri on 9 September 2014. The new owner, Doug Graham, will provide homeowners in the Metro St Louis and Metro East areas with USA Insulation's proprietary Premium Foam, among other products.

"We are thrilled to have Doug head up our new franchise in an area of the country that has a large number of homes with insulation needs," said Patrick Pitrone, USA Insulation president. "With the winter and summer temperature extremes that Greater St Louis experiences, USA Insulation will be able to help homeowners be more comfortable in their homes while substantially lowering their energy bills."

USA Insulation's Premium Foam is injected as a liquid into wall cavities from small holes drilled in the home's facing, where it hardens quickly to provide a thermal barrier. USA Insulation also offers blown-in insulation for attic spaces and air sealing to close any openings around pipes and fixtures.

"St. Louis has a large number of old homes, including historical homes that can't be torn down, which are either under-insulated or not insulated," said Graham. "A home is probably the largest investment a person will ever make. Not only will our insulation help homeowners be more comfortable in their homes year-round, it can also enhance the home's resale value."

US: US insulation and safety supplies marketer Distribution International Inc (DI) has completed the acquisition of domestic industrial and commercial insulation manufacturer Pacific Insulation Company. Financial details have been kept confidential. Through the acquisition Texas-based DI will broaden its presence in the states of California, Nevada, Arizona and New Mexico.

Belgium: Etex has announced that from 1 January 2015, a new leader will take the helm. Fons Peeters, the current CEO of Etex, will retire at the end of 2014 after 41 years with Etex, the last four of which he was CEO. Paul Van Oyen, currently the head of the Promat Division, will take over his role.

"On behalf of the board of directors, I would like to thank Fons Peeters for his immense dedication during his long career at Etex," said chairman of the board, Jean-Louis de Cartier de Marchienne. "His exceptional guidance proved to be an important added value for our company and ought to be an inspiration to all of us, since he helped to shape Etex as we know it today."

On 1 January 2015 Paul Van Oyen will take up the position. Before joining Etex, he worked for several years as a researcher and technologist. His career at Etex spans 24 years, during which period he gained both expertise and experience in different regions and different divisions of the company. Business development manager and head of the Eastern European business are some of his past roles. He has been developing Promat, Etex's high-performance insulation and passive fire protection division, since 2011. Paul Van Oyen has been appointed until the end of 2021 with the mission of pursuing further Etex's ambitious long-term strategy, which focuses on both internal and external growth.

"In order to trigger organic growth, Etex will maintain its capital expenditure programme with yearly investments of about Euro200m," said Jean-Louis de Cartier de Marchienne. "At the same time, the group will further reduce its debt, aiming at a debt ratio below two, which should open up future growth possibilities. In light of these ambitious plans, the board of directors and Etex's 17,500 employees wish Paul Van Oyen every success in guiding Etex on a path of continuous growth."