Russia: TechnoNicol has completed the construction of a Euro5.4m briquetting unit at its mineral wool plant in Rostov. The new unit will produce briquettes of waste fibres and smelt from the main production line. These will then be used to produce mineral wool. In addition to improving the plant’s environmental credentials the use of briquettes is also expected to reduce costs.

UK: SIG’s revenue grew by 8.1% to Euro1.6bn in the first half of 2017 due to favourable currency exchange rates and sales in Mainland Europe. Sales in Mainland Europe rose by 42% in the period boosted by recovery in the construction markets particularly in France.

China: Javier Gimeno, head of Saint-Gobain’s business in Asia-Pacific, has blamed production overcapacity for the company’s decision to stop manufacturing glass wool. He said that overcapacity had forced prices down and lowered margins, according to the Wall Street Journal. He added that the company is targeting profits over 10% and that it wants its business in China to grow faster than the national economy. Subsequently, the group has focused on products such as mortars, plastics and car windows. Gimeno also raised the issue of environmental regulations being stricter for foreign firms in China, although this is changing.

China: Luyang Energy-Saving Materials plans to spend US$11m towards upgrading its mineral wool insulation plant in the Yiyuan Economic Development Zone in Shandong. The upgrade will add 25,000t/yr production capacity to the plant, increasing its total output to 50,000t/yr, according to Reuters. Construction is scheduled to start in July 2017 with completion in June 2018.

More Articles ...

Global Gypsum Monthly Sign up
Global Insulation LinkedIn
Global Insulation X