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Rockwool boosts sales, earnings and profit in first quarter of 2021
Written by Global Insulation staff
20 May 2021
Denmark: Rockwool recorded consolidated net sales of Euro671m in the first quarter of 2021, up by 3% year-on-year from Euro649m in the first quarter of 2020. The group’s earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 11% to Euro139m from Euro125m, while net profit rose by 11% to Euro68.0m from Euro61.0m. Its insulation segment’s net sales were Euro498m, up by 3% from Euro483m.
The producer said that increased construction activity and strong stone wool insulation demand drove its overall sales development. It forecast strong market conditions for the full year in 2021, resulting in sales growth of 10 – 12%. It added that productivity improvements and a moderate price increase would likely offset an expected rise in input costs.
Saint-Gobain acquires Duraziv in Romania
Written by Global Insulation staff
20 May 2021
Romania: France-based Saint-Gobain has acquired Duraziv, a producer of adhesives and other construction chemicals. The group said that the purchase would allow it to expand its range of interior and exterior finishing solutions. It also hopes the move will drive an improvement in the energy efficiency of buildings in Romania thanks to external thermal insulation solutions (ETICS) based on locally-produced stone wool and mortars. This latest addition follows the recent acquisition of Russia-based Adhesive Scientific and Production Company, a producer of polyurethane (PUR) and epoxy products.
Etex plans Euro1.2m upgrade to Sint-Niklaas insulation plant
Written by Global Insulation staff
04 May 2021
Belgium: Etex is investing Euro1.2m on an upgrade to its Sint-Niklaas high performance insulation plant. The project is intended to increase the plant’s capacity by 30% in order to benefit cold supply chain markets currently supporting vaccine transport. The company estimates that it will generate over Euro6m in sales from its ‘high-performance, ultra-thin’ insulation products used in both building applications and passively cooled containers for vaccine transport.
Head of Industry Steven Heytens said “Our products contribute to global energy efficiency and create sustainable value for our customers. Driven by the European Union Green Deal, we expect the demand for thin insulation solutions for building and cool logistics applications to increase strongly in the coming years. This investment fits with our growth strategy and confirms our commitment to strengthening our European position in high performance microporous insulation.”
Austrotherm launches extruded polystyrene insulation cut-off collection service
Written by Global Insulation staff
29 April 2021
Austria: Austrotherm has launched a nationwide extruded polystyrene (XPS) insulation cut-off collection service. The service will pick up waste XPS insulation from building sites for recycling in production at Austrotherm’s Purbach XPS insulation plant.
Technical director Heimo Pascher said “Our XPS sheets are ideal for recycling and can be fed back into the production process - this enables us to reduce CO2 emissions and the consumption of resources in production. We are taking an important step in the direction of the circular economy.” He added “We have carefully analysed the savings effect. By recycling we reduce the CO2 emissions in the disposal of construction site waste by at least 50%. With every tonne of XPS which we recycle, 1.80t of CO2 can be saved. Or, to put it more impressively, every tonne of XPS that we recycle from construction sites saves as much CO2 as around 148 European beech trees bind in a year.”
Saint-Gobain partners with MTI Instruments for foam measurement
Written by Global Insulation staff
23 April 2021
US: France-based Saint-Gobain has awarded a contract to MTI Instruments to supply its Digital Accumeasure non-contact measuring technology. The group will use the product to measure closed-cell foam density in its production process. It said that the partnership aims to increase the number of process improvement products which reach plant implementation.
Saint-Gobain Competency Research Laboratories smart manufacturing team leader Mickael Boinet said "We chose MTI Instruments' Digital Accumeasure product for many reasons. The non-contact technology was just one of the pluses.” He added "We investigated various impedance measurement companies in Europe, but ultimately determined that the amplifier made by MTI Instruments was superior."