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SIG expects H1 profit to fall
Written by Global Insulation staff
19 July 2013
UK: Building materials supplier SIG expects its profit for the first half of 2013 to fall year-on-year due to the extended winter, according to a trading update. In the first half of 2012 SIG reported a profit before tax of Euro41m. In the first half of 2013 it is likely to be Euro34 – 36m. The company plans to reduce costs to support full-year profit.
SIG reported that in mainland Europe sales per day fell by around 4% in constant currency. Sales in the UK more than halved, falling by around 1%, due to the end of the Carbon Emissions Reduction Target (CERT) scheme and the slow start of the Green Deal.
"There are signs that market conditions are starting to improve in the UK, although construction activity in mainland Europe remains weak," said SIG in its report.
Owens Corning releases its 2012 Sustainability Report
Written by Global Insulation staff
19 July 2013
US: Owens Corning has met all seven of its self-declared environmental footprint goals, the company announced as it released its seventh Sustainability Report. The fibre-glass manufacturer is now reporting against its 2020 goals.
"Our accomplishments are representative of the progress we have made this past year, but we clearly recognise that we have much more to do on the path to becoming a more sustainable, and preferably, a net-positive company," said Vice President and Chief Sustainability Officer Frank O'Brien-Bernini. "Across our company, these goals inspire innovation, creativity, external collaboration and broad engagement."
Progress towards the 2020 goals include the completion of several greenhouse gas reduction projects whilst preparing for others, including diesel-to-natural gas transportation fuel-switching, fuel cells, waste heat recovery, biomass, solar, and combined heat and power. The company has partnered with the World Resources Institute on its Aqueduct project to conduct a global water stress assessment of Owens Corning's global operations and completed several successful major water use reduction projects in stressed areas. It has released the first Environmental Product Declarations (EPD) for fibreglass insulation in North America. It has also highlighted sustainability expectations in its Supplier and Employee Code of Conducts.
Saint-Gobain and Alghanim Industries to build Euro45m mineral wool plant in Saudi Arabia
Written by Global Insulation staff
11 July 2013
Saudi Arabia: Saudi International Insulation Manufacturing Company (SIIMCO), a joint venture equally owned by Alghanim Industries and Saint-Gobain, has signed an agreement with the Yanbu Royal Commission to lease a 65,000m2 site at Yanbu Al-Sinaiyah, Saudi Arabia for 30 years. Construction of plant is expected to begin in August 2013 and it is planned to be operational by early 2014.
"Our joint venture investment at Yanbu will supply local and regional industrial and building areas with a reliable source of high quality insulation, which is both environmentally-friendly and will assist in improving the fire safety of buildings," said Omar Alghanim, chief executive of Alghanim Industries. The agreement follows a comprehensive review of the environmental impact and approval for plant layouts, building structure and utilities from the Yanbu local authorities.
SIIMCO has invested about Euro45m in the project. When completed it will have a production capacity of 60,000Mt/yr, building minderal wool, thermal and acoustical insulation materials. The plant is intended to serve markets in Saudi Arabia and other regional markets in the Gulf Cooperation Council region such as Egypt and Iraq.
UK Green Deal risks overheating
Written by Global Insulation staff
08 July 2013
UK: Experts have warned that the UK's Green Deal scheme to promote higher levels of insulation in buildings could inadvertently generate potentially lethal overheating in some residences.
Researchers from Loughborough University and the University of Reading have highlighted that Green Deal-inspired changes may be unsuitable for top-floor flats (especially in 1960s constructions) and modern detached houses. In both cases, southerly aspects could add even more to summer temperatures, creating potentially unbearable conditions for occupants.
Speaking to the BBC's website, Professor Chris Goodier of Loughborough University said that it was 'vital' that the UK improved insulation in its housing stock for the sake of lower fuel costs and carbon emissions, but said that the 'big rush to insulation and make homes airtight' risked overheating.
"Overheating is like the little boy at the back of the class waving his hand," he told the BBC website. "It is forgotten about because the other challenges are so big."
Goodier, along with Professor Li Shao of the University of Reading, said that the elderly were among the most at risk of overheating effects as they are more likely to remain indoors during the day and are more susceptible to the effects of extreme temperatures.
The Department for Energy and Climate has now said that it has issued new guidelines regarding overheating to its Green Deal partners in the insulation industry.
The Green Deal has come in for much criticism in the UK since it launch at the start of 2013. The scheme targets the insulation of 14 million homes by 2020 but so far only 38,259 assessments have been carried out. Of these, only 241 homes have committed to proceeding with the installation of insulation.
Knauf discussing expansion in Tajikistan
Written by Global Insulation staff
20 June 2013
Tajikistan: Knauf is seeking to expand its operations in Tajikistan, according to the Tajik Ministry of Foreign Affairs (MFA).
According to the Tajik MFA information department, issues related to cooperation between Tajikistan and Knauf International were discussed at a meeting of the Tajik Ambassador to Germany, Imomuddin Sattorov, with Alexander Blumhardt, Executive Manager CIS, Knauf International that took place in Berlin, Germany on 18 June 2013. The sides reportedly discussed participation of Knauf in projects for production of building materials in Tajikistan.
Blumhardt briefed the Tajik diplomat on investment policy of the company and prospects of further expansion of its operations in Tajikistan. He noted that Knauf was interested in participation in development of gypsum deposits in Tajikistan and production of building materials from domestic raw materials with getting local labour resources involved in the work. The sides also discussed the upcoming visit of the Knauf delegation to Tajikistan.