Saudi Arabia: Bawan has completed its acquisition of a 100% stake in Arnon Plastic Industries, a producer of polyethylene and polystyrene insulation and panelling products. It agreed the share acquisition in January 2019 but it was wiring for regulatory approval. Bawan operates in the concrete, wood, metal and electrical industries and the acquisition opens up a new market for the company.

US: Knauf Insulation has won a 2019 Greenbuild Leadership Award for outstanding contributions to sustainable building by the US Green Building Council (USGBC). The insulation producer was recognised for providing innovative solutions that both reduce energy consumption and save resources. The USGBC said that Knauf set an ‘outstanding’ example for the international green construction industry through its commitment to Leadership in Energy and Environmental Design (LEED) and other green building practices and its corporate social responsibility commitment.

“Knauf Insulation serves as a model for the international community. Your commitment to corporate social responsibility and improving the quality of life is an inspiration," said Mahesh Ramanujamm, the president and chief executive officer (CEO) of USGBC and Green Business Certification.

The award was received on behalf of Knauf Insulation by its Sustainability and Product Regulatory Affairs Director Vincent Briard at Greenbuild Europe, an annual USGBC forum for sustainable building experts held in Amsterdam, Netherlands.

US: Canada’s IKO plans to build a new US$70m plant in Hagerstown, Maryland. It will be the company’s sixth US manufacturing location. The 46,000m² plant and warehouse site will be used to manufacture will produce roofing and insulation products including polyisocyanurate insulation. It is scheduled to open in mid-2020.

"Hagerstown is another example of IKO's commitment to building the strongest and most state of the art production network in our industry," said Guy Tremblay, IKO's Vice President of North American Operations.

Russia: TechnoNicol plans to spend around Euro5m on an upgrade to its Chelyabinsk mineral wool plant. The majority of the investment will go towards refurbishing the unit’s production line, according to the AK&M Information Agency. The rest will be spent on installing additional cleaning and treatment systems. Once the upgrade is completed the plant will start producing rolled technical insulation materials based on rock wool. The unit will have a production capacity of 0.27Mm³/yr