April 2023
Saint-Gobain has acquired Twiga Fibreglass Ltd., located in Uttar Pradesh, for ₹400 crore. For ₹150 crore, Saint Gobain acquired the Indian company Rockwool, which produces stone wool, last year. The acquisition of Twiga further strengthens Saint Gobain's position in India for façade and interior solutions.
The company's energy decarbonization will account for about ₹500 crore of the ₹8,000-crore investment programme for 2021–25. Using more cullets—recycled broken glass—to make glass is one of its plans, along with substituting green hydrogen and electricity from solar and wind power for a portion of the natural gas used to run furnaces.
March 2023
The global manufacturer of insulation and building materials, Knauf Group, is stepping up its operations in Eastern Europe. By adding a new production line, Knauf Insulation, the company's insulation division, intends to increase the size of its current facility in Novi Marof, northeastern Croatia.
The goal is to more than double the Novi Marof plant's yearly output. Similar to its present capabilities, Knauf Insulation will primarily produce insulation materials for use in technical and industrial applications as well as the construction sector. Furthermore, it is intended for the production portfolio to include Urbanscape systems for green roofs. By the end of this year, construction is expected to begin, and the new production line should be operational by 2025, based on current plans. Over the course of their lifetime, the insulation building materials produced on the new line are expected to cut CO2 emissions by almost 1.5 million tonnes.
Key Companies in the building insulation material market include
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Owens Corning Corporation
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BASE SE
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Rockwool International A/S
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Lloyd Insulations Limited
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Paroc Group Oy
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Johns Manville Inc.
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Knauf Insulation Inc
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Kingspan Group Plc
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Saint-Gobain SA
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GlassRock Insulation Company
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SAE
