Kingspan Group

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Kingspan Group plc
TypePublic limited company
Founded1966
HeadquartersKingscourt, County Cavan, Ireland
Key people
Eugene Murtagh, Chairman
Gene Murtagh, CEO
ProductsInsulated panels and facades, Insulation, Structural, Solar and Renewables Engineered Timber Systems, Access Floors, Wind Turbines, Septic Tanks
RevenueIncrease € 4,372.5 million (2018)[1]
Increase € 423.0 million (2018)[1]
Increase € 335.8 million (2018)[1]
Number of employees
13,469 (2018)[1]
Websitewww.kingspan.com/

Kingspan Group plc is a building materials company based in Ireland trading in over 70 countries with 159 factories employing over 15,000 people. The company operates with five divisions; Insulated Panels, Insulation, Light & Air, Water & Energy, and, Data & Flooring.[2]

History[]

Kingspan Head Office in Kingscourt, Ireland

Founded in the 1960s by Eugene Murtagh, the company floated on the Irish Stock Exchange in 1989 with a value of IR£20m.[3] It expanded into insulated panels and rigid insulation board via numerous greenfield plants, and acquisitions including the European insulation arm of CRH plc in 2010[4] and the construction division of ThyssenKrupp Steel in 2012.[5] The year 2010 showed the first growth in sales for three years.[6]

Acquisitions[]

Year Business Company Name(s)
1973 Insulated Panels Sec-Form[7]
1980 Insulation Shelter Insulation[8]
1986 - Torvale Group Ltd.[7]
1990 - Kuiper van der Jooij's[7]
1990 - Plaschem[8]
1991 Insulation Coolag[7]
1996 Insulation Kooltherm Insulated Ltd.[9]
1996 Water & Energy Titan Tanks, Polmeric and Armet Plastics[10]
1998 - Ward Building Components[11]
1998 Data & Flooring Hewetson Plc (USA), Durabella (UK)[12][13]
2000 Water & Energy Klargester, Plastech, Ferham, Entec[14]
2001 Data & Flooring Tate Global Corporation[15]
2006 Insulated Panels Zer–O–Loc[16]
2007 Insulated Panels Coldmatic Building Systems[16]
2007 Renewables Thermomax solar vacuum tube[17]
2008 Insulated Panels Metecno[18]
2009 Insulation AIR-CELL Innovations Pty[19]
2011 Renewables PROVEN Energy Ltd[20]
2011 Insulation CRH Insulation Europe (CIE)[21]
2012 Insulated Panels ThyssenKrupp Construction Group, Rigidal Industries LLC[22]
2014 Insulated Panels Pactiv Corp North American building products[23]
2014 Insulation PAL[24]
2015 Insulation Tarec, SPU Oy[25]
2015 Insulated Panels Joris Ide (Belgium)[26]
2016 Light & Air Essmanm (Germany), STG Beikirch (Germany), Ecodis (France), Bristolite (USA)[27][28][29][30]
2017 Insulated Panels Isoeste (Brazil)[31]
2017 Light & Air Brakel (Netherlands)[32]
2018 Insulated Panels, Insulation Synthesia Group (Spain, Latin America)[33]
2018 Insulated Panels, Insulation Balex Metal sp. z.o.o (Poland)[33]
2019 Insulated Panels Group Bacacier SAS[34]
2020 Light & Air Colt Group[35]

Commitments[]

Innovation[]

Kingspan Group's new global innovation centre, 'IKON', opened in 2019 in Kingscourt, Ireland, next to the head office. Designed by 'MILLIMETRE DESIGN' (Dublin), it comprises 18 Kingspan products serving as a 'state-of-the-art' place of research and living research project.[36][37] The facility has been modelled with a Digital Twin and leverages input from sensors, IoT devices, Virtual Reality (VR), Autodesk Forge and BIM Data to further enhance operational efficiency.[38]

Sustainability[]

Approximately 39% of all greenhouse gas (CO2 and CO2e) emissions globally come from construction and buildings in operation so it is vital that more buildings decarbonise by incorporating insulation and using increasingly energy efficient appliances.[39]

In 2020, Kingspan Group achieved its fourth appearance on CDP’s prestigious ‘A-list’ for climate change.[40][41][42] Joining the Renewable Energy 100 (RE100) initiative in 2010, the Group achieved Net Zero Energy across all manufacturing and office facilities globally by 2019.[43] In 2019, the Group joined the Circular Economy 100 (CE100) initiative as a member.[44]

Kingspan Group also launched its 10-year ‘Planet Passionate’ sustainability programme in 2019, consisting of twelve targets focused on the four key areas of; Energy, Carbon, Circularity and Water.[45] One carbon target is to achieve net zero carbon manufacturing and a '50% reduction in product CO2 intensity from primary supply partners'.[46] One circularity target is to upcycle 1 billion PET bottles into insulation by 2025, up from 256 million in 2018.[47]

Grenfell Tower fire[]

Main article: Grenfell Tower Inquiry § November 2020

In November 2020, the official inquiry into the 2017 Grenfell Tower fire heard evidence from Kingspan ex-technical director Ivor Meredith that Kingspan insulation product Kooltherm K15 was used in the flammable cladding system mounted on to Grenfell Tower, despite Kingspan knowing that the product did not meet the required fire standard.[48][49][50] A previous version of the product had passed fire tests, but Meredith described a fire test using the version of the product used on Grenfell as a "raging inferno", with the insulation "burning on its own steam".[48]

Also in November 2020, the inquiry learned that Kingspan director Philip Heath had said, in 2008, that consultants who raised concerns about the combustibility of its product could "go f*ck themselves", and that they were "getting me confused with someone who gives a dam [sic]".[51]

Near the end of November 2020, it emerged that Kingspan executives had sold at least £6.5M of shares in the company shortly before Kingspan's inquiry hearings were due to start.[52] Kingspan's share price fell 15% over the course of the hearings.[53]

On 8 December 2020, the inquiry saw evidence that in November 2016, Kingspan technical staff had acknowledged internally that Kingspan was selling its Kooltherm K15 foam insulation product as less flammable than it really was.[54][55][56][57][58]

On 9 December 2020, the inquiry learned that after the Grenfell fire, Kingspan had invested in a smear campaign against rival companies' products. The campaign involved secretly using non-standard test rigs to artificially create the appearance that non-flammable rival products might in fact be flammable, and hiring lobbyists to push the results before policymakers such as the Housing, Communities and Local Government Committee and other MPs.[59][60][61][62]

See also[]

References[]

  1. ^ Jump up to: a b c d "Annual Results 2018" (PDF). Kingspan. Retrieved 25 April 2019.
  2. ^ "Who are we". Kingspan Group. 20 December 2018. Retrieved 20 December 2018.
  3. ^ "Murtagh takes bumpy ride east with Kingspan". The Irish Times. 28 May 2004. Retrieved 24 January 2016.
  4. ^ "Kingspan acquires CRH insulation unit for €120m". Independent.ie. Retrieved 24 January 2016.
  5. ^ "Kingspan buys ThyssenKrupp Construction". Retrieved 24 January 2016.
  6. ^ "Kingspan sees first growth in three years". RTE.ie. 28 February 2011. Retrieved 24 January 2016.
  7. ^ Jump up to: a b c d "Our History". Retrieved 13 February 2021.
  8. ^ Jump up to: a b "KINGSPAN INSULATION LIMITED". find-and-update.company-information.service.gov.uk. Retrieved 13 February 2021.
  9. ^ "Kingspan buys Welsh firm for £9.5 million". Irish Times. Retrieved 13 February 2021.
  10. ^ "Essential Product Guide" (PDF). cms.esi.info. Retrieved 13 February 2021.
  11. ^ "Kingspan set to win the battle for Ward". Irish Times. Retrieved 13 February 2021.
  12. ^ "Kingspan acquires US flooring firm for $120 million". Irish Times. Retrieved 13 February 2021.
  13. ^ "Kingspan buys UK flooring company". Irish Times. Retrieved 13 February 2021.
  14. ^ "Kingspan Group PLC Financial Results 2001". investegate.co.uk. Retrieved 13 February 2021.
  15. ^ "Kingspan Buys US Flooring Firm Tate For $120m". rte.ie. Retrieved 13 February 2021.
  16. ^ Jump up to: a b "OLYMPIC WALL SYSTEMS". zippia.com. Retrieved 13 February 2021.
  17. ^ "Kingspan Solar expands into US". heatingandventilating.net. Retrieved 13 February 2021.
  18. ^ "Kingspan acquires U.S. panel maker Metecno". Reuters.com. Retrieved 13 February 2021.
  19. ^ "Kingspan Insulation buys Air-Cell Innovations in Australia". utech-polyurethane.com. Retrieved 13 February 2021.
  20. ^ "Kingspan Renewables buys troubled Proven Energy". insider.co.uk. Retrieved 13 February 2021.
  21. ^ "Kingspan acquires CRH insulation unit for €120m". Independent.ie. Retrieved 13 February 2021.
  22. ^ "Kingspan buys ThyssenKrupp Construction". theconstructionindex.co.uk. Retrieved 13 February 2021.
  23. ^ "Kingspan completes $82 million acquisition of Pactiv". Irish Times. Retrieved 13 February 2021.
  24. ^ "PAL Middle East acquired by Kingspan". crunchbase.com. Retrieved 13 February 2021.
  25. ^ "Kingspan buys out Recticel partner in Euro8.5m deal". globalinsulation.com. Retrieved 13 February 2021.
  26. ^ "Kingspan buys Belgium's Joris Ide for €315m". rte.ie. Retrieved 13 February 2021.
  27. ^ "Kingspan acquisition of Essmann Group". iflr1000.com. Retrieved 13 February 2021.
  28. ^ "Kingspan Light & Air makes towers smoke safe". buildingconstructiondesign.co.uk. Retrieved 13 February 2021.
  29. ^ "Kingspan rachète Essmann Group et sa filiale française Ecodis". greenunivers.com. Retrieved 13 February 2021.
  30. ^ "Kingspan spends €35m on US acquisition". Irish Times. Retrieved 13 February 2021.
  31. ^ "Kingspan buys 51pc stake in Brazilian company Isoeste". Independent.ie. Retrieved 13 February 2021.
  32. ^ "Kingspan purchases Dutch glazing specialist". independent.ie. Retrieved 13 February 2021.
  33. ^ Jump up to: a b "Kingspan set to buy Spain's Synthesia group for €250m". rte.ie. Retrieved 13 February 2021.
  34. ^ "Brexit hits Kingspan sales but still on track for growth". Irish Times. Retrieved 13 February 2021.
  35. ^ "Colt to become part of the Kingspan Group". coltgroup.com. Retrieved 13 February 2021.
  36. ^ "Kingspan New Global Innovation Centre IKON". premierconstructionnews.com. Retrieved 17 February 2021.
  37. ^ "IKON - Kingspan's Innovation Centre". Retrieved 17 February 2021.
  38. ^ "Kingspan opens new IKON Global Innovation Centre". irishbuildingmagazine.ie. Retrieved 17 February 2021.
  39. ^ "New report: the building and construction sector can reach net zero carbon emissions by 2050". worldgbc.org. Retrieved 17 February 2021.
  40. ^ "Search and view past CDP responses Kingspan Group PLC". cdp.net. Retrieved 17 February 2021.
  41. ^ "Four Irish firms make global environmental CDP 'A' list". rte.ie. Retrieved 17 February 2021.
  42. ^ "Kingspan only Irish firm to achieve 'A' rating in global climate survey". independent.ie. Retrieved 17 February 2021.
  43. ^ "Celebrating success: Kingspan surpasses 2016 target on the way to 100% renewable power - News". there100.org. Retrieved 17 February 2021.
  44. ^ "The CE100 welcomes six new members". ellenmacarthurfoundation.org. Retrieved 17 February 2021.
  45. ^ "Planet plan: Kingspan's 10-year bid to go green". independent.ie. Retrieved 17 February 2021.
  46. ^ "Global building industry leader Kingspan launches plans to tackle climate change". greenbuilding.co.uk. Retrieved 17 February 2021.
  47. ^ "Kingspan targets net zero carbon manufacturing by 2030". constructionmanagermagazine.com. Retrieved 17 February 2021.
  48. ^ Jump up to: a b "Grenfell Tower: Cladding firm 'stretched the truth' on fire safety". BBC. Retrieved 24 November 2020.
  49. ^ Hornall, Thomas (2020-11-30). "Kingspan insulation product used on Grenfell Tower failed 2007 fire test". The Irish News. Irish insulation manufacturer Kingspan changed the make-up of its Kooltherm K15 insulation after 2005 without amending the marketing material stating it was suitable for use on buildings over 18 metres and had passed a relevant fire test, the inquiry has heard. The new version of the phenolic foam insulation – referred to as “new technology” versus “old technology” in proceedings – failed a subsequent fire test in December 2007 held by the Building Research Establishment (BRE). Internal Kingspan analysis at the time noted: “The new technology phenolic is very different in a fire situation to the previous technology which has passed several similar tests. The phenolic burnt very ferociously and gave the top cavity barrier a serious hammering.”
  50. ^ "Kingspan exec admits delay in informing public of misleading fire certification at Grenfell inquiry". RTE. 2020-12-07. Kingspan sold its Kooltherm K15 insulation with an unrepresentative fire certificate based on a 2005 test which claimed it was safe for use on buildings higher than 18m. The product sold from 2006 onwards was different from that tested the year before, but the firm kept selling it using the old technology's test pass and only withdrew this certification in October [2020].
  51. ^ Weinfass, Ian (December 1, 2020). "Grenfell inquiry: Kingspan manager said fire consultants could 'go f*ck themselves'".
  52. ^ correspondent, Robert Booth Social affairs (November 27, 2020). "Kingspan directors cashed in £6m of shares before airing of Grenfell claims" – via www.theguardian.com.
  53. ^ "Director of Grenfell firm quits after evidence it used outdated fire tests". the Guardian. December 17, 2020.
  54. ^ "Staff at insulation firm that supplied Grenfell Tower materials joked about product test 'lies'". The Independent. December 8, 2020.
  55. ^ Booth, Robert (2020-12-08). "Staff joked safety claims about material used on Grenfell were 'all lies', inquiry told". The Guardian. Retrieved 2020-12-08.
  56. ^ Hopkirk, Elizabeth (2020-12-08). "Kingspan boss denies putting occupants of K15 towers at risk, Grenfell Inquiry hears". Building. Retrieved 2020-12-08.
  57. ^ Dunton, Jim; Lowe, Tom (2020-12-08). "Grenfell Inquiry: Another uncomfortable week for Kingspan". Building. Retrieved 2020-12-08.
  58. ^ "Grenfell contractors 'joked about "lies" over how combustible insulation was'". December 9, 2020.
  59. ^ Booth, Robert (2020-12-09). "Firm rigged tests of rival product after Grenfell blaze, inquiry told". the Guardian. Retrieved 2020-12-09.
  60. ^ Staff, C. N. (December 10, 2020). "Kingspan lobbied MPs with 'rigged' fire tests".
  61. ^ Hopkirk2020-12-10T07:29:00+00:00, Elizabeth. "Kingspan hired lobbyists and 'gamed' tests in aftermath of Grenfell fire, inquiry told". Building.
  62. ^ Ing, Will (December 10, 2020). "Kingspan lobbied MPs with 'gamed' test results of rival insulation products".

External links[]

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