Insulation industry news from Global Insulation

Denmark: Rockwool recorded net sales of Euro2.60bn, down by 4% year-on-year in local currency terms. Profit for the year fell by 12% to Euro251m. Sales were supported in regions where construction was able to remain active throughout the coronavirus lockdowns. The company noted a strong recovery in the fourth quarter of 2020.

Chief executive officer Jens Birgersson said, “Looking back on a turbulent year, we are proud of how well our colleagues handled the many challenges. Our teams ensured employees were safe while quickly adjusting operations, sales and service to match the changing needs of our customers.”

The company plans to make Euro370m of investments, excluding acquisitions in 2021. Planned investments include a new plant in the US and a plant relocation in China, in addition to capacity expansions for its Rockfon and Grodan stone wool businesses.

The group said, “The underlying medium to long-term structural growth drivers for stone wool products are even stronger today than at the start of 2020. On top of fundamental trends like urbanisation and increasingly tighter building regulations, we expect that several other trends will continue driving growth in our business. For example, the growing focus on energy efficiency, fire safety and circularity continues to influence the decisions of consumers, the building industry and policymakers, with the pandemic accelerating these trends in multiple ways.”

US: Stepan has acquired Invista’s aromatic polyester polyol business and associated assets. The business produces polyols for use in polyurethane (PUR) and polyisocyanurate (PIR) foam insulation. It operates two production sites, at Wilmington, North Carolina, US and at Vlissingen in Zeeland in the Netherlands. Its annual sales are US$100m. Stepan plans to finance the acquisition with cash on hand and expects it to be accretive to its 2021 earnings before interest, taxation, depreciation and amortisation (EBITDA) margins.

Chair and chief executive officer Quinn Stepan said, "We are excited to add Invista's polyester polyol capabilities to Stepan. This acquisition expands our manufacturing capability in both the US and Europe, enhances our business continuity capabilities for the market and supports the growth of our global rigid polyol business. We expect that Invista's available spare capacity, plus debottlenecking opportunities in both plants, will allow Stepan to support market growth in a capital efficient way. We believe the long-term prospects for rigid polyol use in insulation remain strong as energy conservation efforts and more stringent building codes should continue to drive market growth. Additionally, we believe the acquired technology will accelerate our product leadership initiatives, drive manufacturing efficiencies and output, and create increased value for the overall market. We look forward to providing the highest level of service to our new customers and are excited to add the new employees and the two new sites to our global polyester polyol manufacturing network."

Austria: Austrotherm says that its Resolution Facade foam insulation product is being used for exterior renovations in Vienna’s many pre-1919 apartment blocks. These kinds of jobs require thin insulation to maintain a building’s profile.

Sales director Robert Novak said, “An apartment building built before 1919 has a heating requirement of 120 - 250kWh/m². They are therefore five times worse than newly-built residential complexes, which have had to meet the lowest energy house standard across Europe since 1 January 2021.” He concluded, “There is still a lot of renovation potential in this building category.”

Buildings of this period currently house 500,000 people in Vienna and number 30,000, 20% of the total number of residential buildings. 20,000 are in the Wilhelmian architectural style, known for its facades.

Slovakia: US-based Johns Manville has commissioning of a 3t/hr glass fibre recycling unit at its Trnava engineered product plant. The company says that the facility will recycle waste glass fibres from continuous filament glass fibre recycling, reducing landfill waste by 10,000t/yr. The total cost of the installation is around Euro10m.

Europe/Asia environment, health and safety manager Elena Hrivikova said, “The primary goal of this investment is to achieve a tangible positive environmental impact by drastically reducing the landfilling of glass fibre waste. This project is part of our response to the European Commission’s Zero Waste programme and our overall target for sustainable management of the planet’s natural resources.”

Johns Manville’s Engineering Products division manufactures synthetic and glass fiber nonwoven products for construction such as insulation and gypsum board facers.

France: Unilin has renamed its product ranges for greater international clarity. The Le Moniteur des Artisans has reported that the Isocombo range of insulation will now be called Utherm Comfort and the Trilatte, Rexolight, Rexotoit, Rexolatte and Thermiwall ranges will now be called Usystem. Product names will additionally inform of application, for example ‘roof’ or ‘wall,’ and type of insulation. Interior panels will lastly bear a colour name.

The producer also announced the launch of a new logo.