Insulation industry news from Global Insulation

US: Kingspan Insulation has expanded its GreenGuard extruded polystyrene (XPS) insulation board range with additional thickness products and strengths. The range now includes 3 inches and 4 inches in select 25, 40 and 60 psi compressive strength boards, and a new four-sided routed drainage channel board. The new products are intended to extend the GreenGuard line into roofing, cold storage, and various below grade and vertical wall applications markets.

US: New board members have taken posts at the Reflective Insulation Manufacturers Association (RIMA) International for 2018. Doug Kinninger of Fi-Foil Company becomes the new president, Sergio Luconi of Prodex has become the vice-president and Wes Hall of Reflectix remains as secretary and treasurer. Mike Boulding of Mitex International has also joined as a director.

Canada: Icynene has launched two new light density spray foam insulation products: Icynene Classic Ultra and Icynene Classic Ultra Select. A key feature for the new products is the elimination the requirement to paddle mix by hand prior to application with the introduction of an expanding blade mixer. The insulation producer also says that the new products offer significantly better cohesion than existing Icynene open-cell spray foam insulation products. The foams can also be sprayed at drum temperatures from 15℃ for Icynene Classic Ultra and from 20℃ for Icynene Classic Ultra Select

“The introduction of Icynene Classic Ultra and Icynene Classic Ultra Select demonstrates our commitment to delivering customer-valued innovation in the insulation category. Sprayers no longer need to paddle mix the resin material or wait for the liquid to warm up, so they can quickly start spraying these two high quality, high yielding products,” said Mark Sarvary, president of Icynene.

Hungary: Building materials producer Masterplast has been awarded a Euro0.8m grant from the government for its foam insulation plant at Kal. The grant will be used as part of a Euro1.6m upgrade at the site, according to the MTI-Eco news agency.

Poland/Spain: Kingspan Group plans to buy Spain’s Synthesia group and Poland’s Balex Metal. Although no exact figure has been released, Kingspan has agreed to spend Euro620m on ten acquisitions, including Synthesia and Balex, so far in 2017.

"These latest acquisitions mark a significant strategic step forward for Kingspan. They are a perfect fit for our existing businesses and geographic footprint, and in addition provide a technology platform that will complement our on-going innovation pipeline and the development of next generation insulation," said Gene Murtagh, chief executive officer (CEO) of Kingspan.

Kingspan’s acquisition of Synthesia includes its Huurre and Poliuretanos businesses that produce insulation products in Spain, Portugal and in Central and South America. The deal includes a technology platform for blended chemical systems similar to those used throughout the wider Kingspan Group. Synthesia is headquartered near Barcelona, with eight manufacturing facilities across Northern Spain and Panama and approximately 575 employees across all businesses. The acquisition agreement is conditional on regulatory clearance, and is expected to complete during the first quarter of 2018.

Kingspan has also agreed to acquire Balex Metal, a Polish insulation producer. The Balex acquisition is conditional on regulatory clearance, and is expected to complete towards the end of the first quarter of 2018.