Insulation industry news from Global Insulation

US: Johns Manville has launched Cavity-Shield, a formaldehyde-free fibreglass batt insulation product intended for use in the concealed spaces of multifamily buildings. The National Fire Protection Association-approved product is being marketed as an alternative solution to sprinklers in the interstitial space. The batts are designed to serve as a passive fire solution for limiting potential flame spread between and through floors. It is also intended to reduce construction costs by reducing the time and resources required for installers to complete the job.

Denmark: Rockwool is working with engineering company FLSmidth and the Technical University of Denmark (DTU) on a research project to develop sustainable process technologies that will increase the use of renewable fuels and raw materials and reduce CO₂ emissions. The project has received a Euro2.7m grant from Innovation Fund Denmark.

The project plans to investigate and optimise high-temperature processes throughout the entire production chain in both companies. The DTU holds experience in this field from the CHEC research centre at DTU Chemical Engineering, which has focused on combustion research and emission abatement in recent years. Rockwool intends to lower CO₂ emissions and reduce its fuel consumption to make its production become more sustainable. FLSmidth plans to explore using alternative cement formulas and production methods to enable the company to launch more efficient technologies for using renewable fuels and reducing emissions.

South Korea: Hankuk Glass Industries (HGI), a subsidiary of Saint-Gobain, has launched a tender offer to acquire the 23% of its shares owned by minority shareholders. As a result of this successful offer, Saint-Gobain, together with HGI, now holds 96.8% of the share capital of HGI, with a delisting planned. HGI manufactures insulation for the construction and automotive markets and glass products for markets in South Korea and Asia.

US/China: The Office of the US Trade Representative has started implementing a 10% tariff on mineral and other products from China, including mineral wool products, following a consultation period. Mineral products affected by the proposed tariffs of interest to the insulation industry include: slag wool, rock wool and similar mineral wools, in bulk, sheets or rolls; and nonwoven glass wool insulation products. The latest tariff list follows an earlier decision by the US government to tax imports from China worth US$34bn that came into force in early July 2018.

India: Russia’s TechnoNicol has appointed Ramnik Kohli as the chief executive officer (CEO) of Indian business. Previously, Kohli was the country head for Russia and Commonwealth of Independent States (CIS) for Micromax Informatics, according to Asian News International. He has also worked with Sistema Shyam Teleservices as Assistant Director. He holds a PhD in Economics and Marketing from the State University of Management in Moscow, Russia.