Houston, Texas - Lapolla Industries Inc, a polyurethane spray foam insulation specialist, has reported foam sales down by 1.9 percent in the second quarter of 2009 (Q2), compared to the same period last year, and up by 14.6 percent for the first six months of 2009, compared to the first half of 2008, the company said 14 Aug.
"Although the economy has impacted our business, spray foam insulation continues to grow and Lapolla is capitalising on its leadership position in this market," said Lapolla ceo, Douglas Kramer. "The recent approval of our spray foam insulation produces for the Canadian insulation markets is the next step in Lapolla's aggressive growth strategy towards international expansion," he added.
Lapolla reported sales of $10.94 million in Q2, down 9.1 percent from Q2 2008. For the first six months of 2009 the company recorded sales of $20.68 million, down 2.3 percent from the first half of 2008.
"We are very encouraged by the momentum we are seeing in the global spray foam insulation market being driven by rising consumer demand," Kramer concluded. (RD)