Insulation industry news from Global Insulation

US: Owens Corning (OC) has reported a weaker than expected first quarter in 2014. However, company officials said that they still believe that they can meet the financial goals they set at the start of 2014 over the rest of the year.

OC reported first quarter sales of US$1.3bn, down by 5% from the same period of 2013. The biggest trouble spot was in roofing, where sales fell by 18%. The company reported a net income of US$120m in the first quarter of 2014, more than five times what it reported for the same period of 2013, however, that figure included several one-time items, the largest among them a US$74m tax benefit. On an adjusted basis, OC said that it earned US$35m in the first quarter of 2014, unchanged year-on-year.

Mike Thaman, the company's chief executive officer, said that OC had anticipated roofing volumes to be down by about 10% in the first quarter of 2014 and slightly higher for the full year. While the company said margins on roofing materials remained solid, harsh weather in much of the US and aggressive pricing from competitors dragged on OC's volumes more than expected. Thaman said that he believes the company can make up the difference in the coming quarters and end the year on target, adding that he does not expect the effects of winter to linger on the business as milder weather comes in.

OC reported higher sales figures for its insulation and composites business, even as volumes were flat in the first quarter of 2014. Thaman said the insulation segment should continue to benefit as the pace of residential construction picks up.

"We're increasingly beginning to see those two businesses develop into the kinds of performers we know they can be," Thaman said. "Insulation is coming out of four or five years of very challenging losses into a year of profitability in 2013 and now into first quarter profitability in 2014, which speaks to continued improvement throughout the year. We have big expectations for what that business can do through a new construction recovery here in the US."

UK: A Salford housing association has begun a pilot project to trial a new type of party cavity wall insulation. The project will see the new mineral wool insulation fitted to separating walls between terraced and semi-detached houses in City West Housing Trust's properties in Greater Manchester, UK.

The housing association, which owns and manages 14,600 homes in Salford, is undertaking the project with Knauf Insulation using the company's ECOSE Technology, which creates insulation using formaldehyde-free binder technology and naturally occurring and recycled raw materials.

If the pilot is successful, customers could save Euro73 - 109/yr on their energy bills. Additionally, household carbon emissions will be reduced by between 0.33 - 0.50t/yr per home. The performance of the insulation will be monitored by Leeds Metropolitan University, the Mineral Wool Insulation Manufacturers Association and Knauf Insulation.

"Through our commitment to the green agenda we are ensuring our properties can be as energy efficient as possible and offer value for money for our customers," said City West head of supply chain and sustainability Garry Vaughan.

UK: Energy savings of 63% have been achieved following the installation of multiple Saint-Gobain systems in a world-first retrofit research project.

Saint-Gobain worked with the Energy House at Salford University, Greater Manchester, UK to prove that whole-house, fabric first retrofitting of homes can deliver significantly reduced energy costs, lower CO₂ emissions and remove 50% of air leakage.

The Energy House at Salford University is a typical 1919 terraced house that has been reconstructed in a fully environmentally controllable chamber, in which climatic conditions can be maintained, varied, repeated and patterns monitored. The type of building used in the study represents 21% of UK housing stock and is classed as a hard-to-treat property due to its poor energy efficiency derived from solid wall construction.

The Energy House at Salford University included Saint-Gobain systems from British Gypsum, Glassolutions, Isover and Weber to bring high levels of thermal efficiency. The approach of the project was to measure the whole-house performance post-installation using off-the-shelf Saint-Gobain systems and standard installation techniques, making the results repeatable across the UK's hard-to-treat housing stock.

Canada: Johns Manville (JM) has added commercial and residential mineral wool to its full spectrum of insulation products in Canada.

JM mineral wool insulation offers a variety of performance benefits in both commercial and residential construction. With a melting point in excess of 1093˚C, mineral wool can help delay fire spread, create quieter buildings and homes, increase privacy between rooms and reduce heating and cooling costs by keeping structures warm in winter and cool in summer.

"Mineral wool has long been a favourite product of Canadian building professionals, but there's no longer just one game in town," said Fred Stephan, senior vice president of Insulation Systems at Johns Manville. "With JM mineral wool, building occupants benefit from acoustically superior environments, moisture protection and increased fire performance, while contractors benefit from JM's full range of product offerings, providing more options and resources across all insulation categories."

US: The insulation company Installed Building Products Inc (IBP) has announced that Robert H Schottenstein has been elected as an independent director to the IBP board of directors.

"I am extremely pleased to welcome Schottenstein to our board," stated Jeff Edwards, chairman and chief executive officer of IBP. "Schottenstein brings a wealth of experience to IBP, particularly related to residential construction markets and corporate management and complements the significant expertise and depth of our current board members."