Recticel announces that its Insulation division - a leading PIR insulation board manufacturer - plans to invest in a new greenfield production site in Finland, in order to serve the growing demand for high performance thermal insulation materials in the Nordic region (Finland, Norway, Sweden, Denmark and the Baltic countries).
Recticel is pleased to announce that its Insulation division will expand its activities in Scandinavia. The new state-of-the-art production facility will produce high performance rigid polyurethane foam ("PIR") panels for thermal insulation for the construction sector. With this important investment, Recticel Insulation will serve the growing demand for thermal insulation materials in Northern Europe and will pursue its growth strategy.
Further growth is to be expected in the coming years because the structural demand for high performing polyurethane building insulation will continue to increase as a result of stricter insulation standards and regulations, and the ever growing awareness of the need for more and better insulation.
The investment is expected to amount to about €23 million, and start of production is planned in the second half of 2018.
Olivier Chapelle (CEO):"This investment is an additional step in the execution of the growth strategy of our Insulation business. It offers an attractive expansion in the Nordic region, which is a growing market for high performance insulation materials."

Recticel SA published this content on 21 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 June 2017 18:25:07 UTC.

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