Insulation industry news from Global Insulation

Denmark: Sales from Rockwool’s insulation business have fallen slightly by 2% year-on-year to Euro1.22bn in the first nine months of 2016 from Euro1.24bn in the same period in 2015. However, the group reported this as a 1.2% rise in local currencies. Earnings before interest and taxation (EBIT) rose by 61% to Euro114m from Euro71m. By region it said that sales performed well in North America, showed signs of improvement in Western Europe but continued to decline in Russia.

Ireland: Kingspan’s sales have risen by 13% year-on-year to Euro2.27bn for the first nine months of 2016 from Euro2bn in the same period in 2015. Sales by its insulated panels division rose by 17% driven by good markets in the UK, France and Benelux, although slowdowns were reported in Germany and the US. Sales by its insulation board division rose by 6% with positive performance noted in the UK, Ireland, Scandinavia and the US. The insulation producer noted in its interim trading report that the weakening Pound Sterling against the Euro was negatively impacting its Sterling denominated earnings.

Russia: Restrictions on imports have stopped Paroc from transporting stone from its Lapinlahti in Finland to its insulation plant in Russia. Joakim Westerlund, Paroc's chief operating officer, said that the import restrictions on crushed rock material were imposed with relatively short notice in summer 2016 according to the Savon Sanomat newspaper. Subsequently the insulation producer has had to source stone locally in Russia. Quarrying at Lapinlahti for Paroc by Fjäder Group has previously totalled 20,000t/yr.

France: Sales from Arkema’s high performance materials division, which includes insulation products, have risen by 2.8% year-on-year to Euro2.6bn in the first nine months of 2016 from Euro2.53bn. Overall, the company’s sales fell by 4% to Euro5.68bn from Euro5.92bn, although its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 12% to Euro946m from Euro843m. It blamed the drop in sales on the impact on sales prices of raw material variations.

Germany: Firestone Building Products Company says that it will build an insulation plant in Heinsberg. The site will establish a European insulation manufacturing and distribution presence for the subsidiary of tyre and rubber manufacturer Bridgestone. The plant is expected to be fully operational in 2018.

“The Heinsberg location will be the second European manufacturing facility for the company. We acquired the Giscosa EPDM (ethylene propylene diene monomer) plant in Terrassa, Spain in 2013,” said Troy Geuther, managing director of international operations and vice president, Firestone Building Products. The new facility will expand production and distribution of polyiso foam, the company’s polyiso foam insulation used in commercial construction.