Houston, Texas -- LaPolla Industries Inc. said during its 2007 stockholders' meeting in Englewood Cliffs, New Jersey, that it has started up a new polyol blending facility.
"We are now prepared to benefit by the economics of manufacturing spray polyurethane foam systems, which is more than 60 percent of our current business," commented Douglas Kramer, the company's ceo and president, during the 23 May meeting.
Kramer claims that LaPolla is one of the largest distributors of spray foam for insulation and roofing in North America. The firm's "strong market presence and industry brand awareness will certainly assist in this transition," he added, in a company statement.
"Residential insulation spray foam is expected to grow at a rate of 30 percent to 40 percent annually as consumers embrace the exceptional insulation value and resulting energy savings," according Mason Knowles, former executive director of the Spray Polyurethane Foam Alliance (SPFA), citing as his source a market survey by the Center for the Polyurethanes Industry.
According to LaPolla, it can now provide open- and closed-cell spray-foam insulation, as well as technology for roofing applications. Its systems have also passed certain third-party credentials, the company added.
"Being basic in both foam and coating systems puts LaPolla in a strong position as both product lines reduce energy consumption and ultimately lead to direct savings for consumers. In spite of a slow-down in new housing starts, spray polyurethane foam insulation material sales remain at an all time high." epw"