Kingspan Group
Kingspan Group plc is a building materials company based in Ireland trading in over 70 countries with over 159 manufacturing facilities employing some 15,000 people.[1] The company as of 2019 operates with five business divisions.[2] They are; Kingspan Insulated Panels, Kingspan Insulation, Kingspan Light + Air, Kingspan Water & Energy, and, Kingspan Data and Flooring[3]. The proportion of 2019 sales revenue attributable to each business division were 65.1%, 18.8%, 7.0%, 4.5% and 4.6% respectively.[4]
History[edit]
Founded in the 1960s by Eugene Murtagh, the company floated on the Irish Stock Exchange in 1989 with a value of IR£20m.[5] 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[6] and the construction division of ThyssenKrupp Steel in 2012.[7] The year 2010 showed the first growth in sales for three years.[8] In August 2012 the company bought Rigidal Industries.[9] For more acquisitions, see below.
Acquisitions[edit]
| Year | Business | Company Name(s) |
|---|---|---|
| 1973 | Insulated Panels | Sec-Form[10] |
| 1980 | Insulation | Shelter Insulation[11] |
| 1986 | - | Torvale Group Ltd[10] |
| 1990 | - | Kuiper van der Kooij’s |
| 1990 | - | Plaschem[11] |
| 1991 | Insulation | Coolag[10] |
| 1996 | Insulation | Kooltherm Insulated Ltd[12] |
| 1996 | Water & Energy | Titan Tanks, Polmeric and Armet Plastics[13] |
| 1998 | - | Ward Building Components[14] |
| 1998 | Data & Flooring | Hewetson Plc, Durabella[15][16] |
| 2000 | Water & Energy | Klargester, Plastech, Ferham, Entec[17] |
| 2001 | Data & Flooring | Tate Global Corporation[18] |
| 2006 | Insulated Panels | Zer–O–Loc[19] |
| 2007 | Insulated Panels | Coldmatic Building Systems[19] |
| 2007 | Renewables | Thermomax solar vacuum tube[20] |
| 2008 | Insulated Panels | Metecno[21] |
| 2009 | Insulation | AIR-CELL Innovations Pty[22] |
| 2011 | Renewables | PROVEN Energy Ltd[23] |
| 2011 | Insulation | CRH Insulation Europe (CIE)[24] |
| 2012 | Insulated Panels | ThyssenKrupp Construction Group, Rigidal Industries LLC[25] |
| 2014 | - | Pactiv Corp North American building products[26] |
| 2014 | Insulation | PAL[27] |
| 2015 | Insulation | Tarec, SPU Oy[28] |
| 2015 | Insulated Panels | Joris Ide[29] |
| 2016 | Light + Air | Essmanm (Germany), STG Beikirch (Germany), Ecodis (France), Bristolite (USA)[30][31][32][33] |
| 2017 | Insulated Panels | Isoeste (Brazil)[34] |
| 2017 | Light + Air | Brakel[35] |
| 2018 | Insulated Panels, Insulation | Synthesia Group (Spain, Latin America)[36] |
| 2018 | Insulated Panels, Insulation | Balex Metal sp. z.o.o (Poland)[36] |
| 2019 | Insulated Panels | Group Baccier SAS[37] |
| 2020 | Light + Air | Colt Group[38] |
Global Innovation Centre - IKON[edit]
The Group's new global innovation centre, 'IKON', opened in 2019 and is located in Kingscourt, Ireland, next to the head office. Designed by 'MILLIMETRE DESIGN' (Dublin), it comprises '18 Kingspan products' serving as a place of research and a living research project.[39][40] The facility has been modelled with a Digital Twin and leverages input from sensors, IoT devices, Autodesk Forge and BIM Data to further enhance operational efficiency.[41]
Sustainability Commitments[edit]
The Group is committed to the Sustainable Development Goals (SDGs) of Climate Action (SDG13), Responsible Consumption and Production (SDG12), Sustainable Cities and Communities (SDG11), Industry Innovation and Infrastructure (SDG9), Affordable and Clean Energy (SGD7) and Clean Water and Sanitation (SGD6).[42] The total projected energy savings, over the lifetime (assumption: 60-years) of Kingspan insulated systems, sold worldwide in 2019, is equivalent to 441m barrels of oil, or the equivalent of taking 79 million cars off the road annually.[43]
In 2020, Kingspan Group achieved its fourth appearance on CDP’s prestigious ‘A-list’ for climate change.[44][45][46] Joining the Renewable Energy 100 (RE100) initiative in 2010, Kingspan started its net zero energy journey, aiming to achieve Net Zero Energy across all manufacturing and office facilities globally by 2020.[47] This was achieved on time in 2019 and involved a ‘save more [energy], generate more [renewable energy], buy more [renewable energy]’ strategy.[48][49][50] Saving more involved energy efficiency measures across its factories and offices such as installing LED lighting, swapping gasoline forklifts to electric battery, installing heat recovery systems, ceiling fans for efficient heat distribution, power factor correction systems and insulating ovens, pipes and loading doors to reduce heat loss.[50] Generating more involved installing solar PV on the roofs of manufacturing facilities, installing a 50-meter tall 900kw EWT Wind turbine at the Holywell Panel facility and for the remaining power requirements, buying more renewable energy from renewable energy providers.[51][50] In 2019, the Kingspan Group joined the Circular Economy 100 (CE100) initiative as a member. [52]
Planet Passionate[edit]
To build on the achievements of the net-zero energy initiative, Kingspan Group launched its 10-year ‘Planet Passionate’ sustainability programme in 2019, comprising of twelve targets focused on the four key areas of; Energy, Carbon, Circularity and Water.[10][53][54]
Energy targets[edit]
·'maintain Net Zero Energy status'[53][55]
·'increasing direct use of renewable energy to 60% by 2030'[53][55][56]
·'increase on-site generation of renewable energy to 20% by 2030' [53][55][56]
·'install solar PV systems on all wholly owned facilities by 2030' [53][55]
Carbon targets[edit]
·'achieve net zero carbon manufacturing by 2030' [53][55]
·'50% reduction in product CO2 intensity from primary supply partners by 2030' [53][55][56]
·'100% zero emission company funded cars by 2025' [53][55]
Circularity targets[edit]
·'upcycle 1 billion PET bottles [per annum] into manufacturing processes by 2025'[53][55][56]
·'incorporate upcycled PET in all QuadCore™ insulation by 2025' [53][55]
·'achieve zero waste to landfill by 2030' [53][55][56]
Water targets[edit]
·'5 active ocean clean-up projects by 2025'[53][55]
·'harvest 100 million litres of rainwater across their facilities by 2030'[53][55][56]
Grenfell Tower fire[edit]
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.[57][58][59] 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".[57]
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]".[60]
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.[61] Kingspan's share price fell 15% over the course of the hearings.[62]
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.[63][64][65][66][67]
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.[68][69][70][71]
See also[edit]
References[edit]
- ↑ "Our Company". Kingspan.com. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Who are we". Kingspan Group. 20 December 2018. Retrieved 20 December 2018.
- ↑ "Kingspan Annual Report 2019" (PDF). ks-kentico-prod-cdn-endpoint.azureedge.net. pp. 12–13. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Annual Report 2019" (PDF). ks-kentico-prod-cdn-endpoint.azureedge.net. pp. 116–117. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Murtagh takes bumpy ride east with Kingspan". The Irish Times. 28 May 2004. Retrieved 24 January 2016.
- ↑ "Kingspan acquires CRH insulation unit for €120m". Independent.ie. Retrieved 24 January 2016.
- ↑ "Kingspan buys ThyssenKrupp Construction". Retrieved 24 January 2016.
- ↑ "Kingspan sees first growth in three years". RTE.ie. 28 February 2011. Retrieved 24 January 2016.
- ↑ CW Staff. "Kingspan acquires Rigidal of Dubai in $38.6m deal". Retrieved 24 January 2016.
- ↑ 10.0 10.1 10.2 10.3 "Our History". Kingspan.com/group. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 11.0 11.1 "KINGSPAN INSULATION LIMITED". service.gov.uk. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan buys Welsh firm for £9.5 million". Irish Times. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Essential Product Guide" (PDF). cms.esi.info. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan set to win the battle for Ward". Irish Times. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan acquires US flooring firm for $120 million". Irish Times. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan acquires US flooring firm for $120 million". Irish Times. 14 December 2000. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Group PLC (KGP)". investegate.co.uk. 20 March 2001. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Buys US Flooring Firm Tate For $120m". RTE.com. 13 December 2000. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 19.0 19.1 "OLYMPIC WALL SYSTEMS COMPANY HISTORY TIMELINE". zippia.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Solar expands into US". heatingandventilating.net. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan acquires U.S. panel maker Metecno". reuters.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Insulation buys Air-Cell Innovations in Australia". Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Reneables buys troubled Proven Energy". insider.co.uk. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan acquires CRH insulation unit for €120m". Independent.ie. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan buys ThyssenKrupp Construction". theconstructionindex.co.uk. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan completes $82 million acquisition of Pactiv". The Irish Times. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Clyde & Co advises on Kingspan acquisition of PAL Middle East". clydeco.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan buys out Recticel partner in Euro8.5m deal". globalinsulation.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan buys Belgium's Joris Ide for €315m". RTE.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan acquisition of Essmann Group". iflr1000.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Light + Air makes towers smoke safe". buildingconstructiondesign.co.uk. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ [buildingconstructiondesign.co.uk "Kingspan rachète Essmann Group et sa filiale française Ecodis"] Check
|url=value (help). greenunivers.com. Retrieved 10 February 2021. Unknown parameter|url-status=ignored (help) - ↑ "Kingspan spends €35m on US acquisition". The Irish Times. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan buys 51pc stake in Brazilian company Isoeste". Independent.ie. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan purchases Dutch glazing specialist". Independent.ie. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 36.0 36.1 "Kingspan set to buy Spain's Synthesia group for €250m". RTE.ie. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Brexit hits Kingspan sales but still on track for growth". Irish Times. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Colt to become part of the Kingspan Group". coltgroup.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan New Global Innovation Centre IKON". premierconstructionnews.com. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "This is IKON - Kingspan's new global innovation centre". youtube (Kingspan). Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "IKON Innovation Centre". kingspan.com/group. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Annual Report 2019" (PDF). ks-kentico-prod-cdn-endpoint.azureedge.net. pp. 18–19. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Annual Report 2019" (PDF). ks-kentico-prod-cdn-endpoint.azureedge.net. pp. 4–5. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan, AIB and Kerry top Irish carbon disclosure list". RTE.ie. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Only Irish Firm to Achieve 'A-Rating' in Global Climate Survey". Independent.ie. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan achieves CDP 'A List'". irishbuildingmagazine.ie. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Accelerating the pathway to Net Zero Carbon Buildings". constructionproducts.org.uk. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Celebrating success: Kingspan surpasses 2016 target on the way to 100% renewable power - News". there100.org. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "EP100 Members". theclimategroup.org. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 50.0 50.1 50.2 "Net-Zero-Energy". Kingspan.com/group. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Wind Turbine". thesiriusgroup.com. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "The CE100 welcomes six new members". ellenmacaruthurfoundation.org. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 53.00 53.01 53.02 53.03 53.04 53.05 53.06 53.07 53.08 53.09 53.10 53.11 53.12 "Kingspan launches plans to tackle climate change". irishbuildingmagazine. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ "Kingspan Planet Passionate". Kingspan.com/group. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 55.00 55.01 55.02 55.03 55.04 55.05 55.06 55.07 55.08 55.09 55.10 55.11 "Kingspan 'Our Global Commitments'". Kingspan.com/group. Retrieved 5 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 56.0 56.1 56.2 56.3 56.4 56.5 "Kingspan – Introducing "Planet Passionate" for a sustainable Britain". UK Business Council For Sustainable Development. Retrieved 10 February 2021. Unknown parameter
|url-status=ignored (help) - ↑ 57.0 57.1 "Grenfell Tower: Cladding firm 'stretched the truth' on fire safety". BBC. Retrieved 24 November 2020.
- ↑ 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.”
- ↑ "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].
- ↑ Weinfass, Ian (December 1, 2020). "Grenfell inquiry: Kingspan manager said fire consultants could 'go f*ck themselves'".
- ↑ correspondent, Robert Booth Social affairs (November 27, 2020). "Kingspan directors cashed in £6m of shares before airing of Grenfell claims" – via www.theguardian.com.
- ↑ "Director of Grenfell firm quits after evidence it used outdated fire tests". the Guardian. December 17, 2020.
- ↑ "Staff at insulation firm that supplied Grenfell Tower materials joked about product test 'lies'". The Independent. December 8, 2020.
- ↑ 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.
- ↑ Hopkirk, Elizabeth (2020-12-08). "Kingspan boss denies putting occupants of K15 towers at risk, Grenfell Inquiry hears". Building. Retrieved 2020-12-08.
- ↑ Dunton, Jim; Lowe, Tom (2020-12-08). "Grenfell Inquiry: Another uncomfortable week for Kingspan". Building. Retrieved 2020-12-08.
- ↑ "Grenfell contractors 'joked about "lies" over how combustible insulation was'". December 9, 2020.
- ↑ Booth, Robert (2020-12-09). "Firm rigged tests of rival product after Grenfell blaze, inquiry told". the Guardian. Retrieved 2020-12-09.
- ↑ Staff, C. N. (December 10, 2020). "Kingspan lobbied MPs with 'rigged' fire tests".
- ↑ Hopkirk2020-12-10T07:29:00+00:00, Elizabeth. "Kingspan hired lobbyists and 'gamed' tests in aftermath of Grenfell fire, inquiry told". Building.
- ↑ Ing, Will (December 10, 2020). "Kingspan lobbied MPs with 'gamed' test results of rival insulation products".
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