Insulation industry news from Global Insulation

Romania: Belgium-based Knauf Insulation has agreed to acquire the Târnăveni glass wool plant from Gecsat for an undisclosed sum.

Dominique Bossan, the group chief executive officer of Knauf Insulation, said “The Romanian acquisition will support Knauf Insulation’s growth ambitions and add extra capacity to meet increasing demand for our solutions across the Eastern European and Commonwealth of Independent States (CIS) regions.” He added that the company plans to upgrade the plant after the acquisition has been completed.

Slovakia: Knauf Insulation’s plant at Nová Bana produced 104,000t of mineral wool in 2021. Plant director Marián Tkáč told the News Agency of the Slovak Republic (TASR) that the unit reached this record volume despite Covid-19 restrictions, rising input costs and maintenance on the production lines. The plant also installed a flue-gas desulfurisation unit as part of an environmental upgrade in 2021. Despite the high production volume in 2021, Tkáč said that demand for insulation remained high and delivery times were growing.

UK: Michael Gove, the Secretary of State for Housing, Communities and Local Government, has told parliament that the government intends to make building materials producers and developers pay to fix all fire-safety issues at high-rise buildings. In a statement Gove said, “We will make industry pay to fix all of the remaining problems and help to cover the range of costs facing leaseholders. Those who manufactured combustible cladding and insulation, many of whom have made vast profits even at the height of the pandemic, must pay now instead of leaseholders.” Flat owners in buildings over 11m tall will no longer be forced to pay for their own repairs under the proposed plans, according to the Times newspaper. Manufacturers and developers face a potential Euro4.8bn bill for the remedial work.

Spain: Etex has signed a deal with Germany-based Xella Group for the acquisition of its subsidiary URSA. The Belgium-based group says that the move confirms its portfolio shift towards lightweight construction materials. URSA produces its expanded polystyrene (EPS), extruded polystyrene (XPS) and glass and mineral wool insulation across a total of 13 sites and has operations in 20 European countries.

Chief executive officer Bernard Delvaux said “The acquisition of URSA confirms the portfolio shift initiated a few years ago by Etex to become a global leader in lightweight and modular construction. This acquisition is a strategic fit for Etex combining a new growth platform with a strong focus on sustainability. I have been truly impressed by both the quality of the management at URSA and its sound business model. I look forward to welcoming our new teammates to Etex and embarking on a prosperous future together.”

India: France-based Saint-Gobain has agreed to buy Rockwool India from Alghanim Group for an undisclosed amount. The acquisition will see Saint-Gobain enter the insulation sector directly in the country adding to its existing presence in the gypsum, glass and construction chemical sectors. The deal is subject to the completion of conditions set out in the agreement and approvals from the relevant authorities. It is expected to be completed in first quarter of 2022.

Rockwool India is a manufacturer of stone wool in India with a wide range of insulation products for thermal, acoustic and fire safety applications. It is also a licensee of Saint-Gobain technology for the manufacture of stone wool in the country. The company operates two production plants, one in Hyderabad and another in Silvassa, with a total capacity of around 50,000t/yr. Saint-Gobain also said that it has a ‘strong’ marketing network across the country.