Brussels -- Belgian polyurethane group Recticel announced 19 Nov that it plans to double its insulation sales in France through a new factory it will build in the centre of France, to make thermal insulation panels for the building industry.
This new plant, which will employ 50 people and be operational in early 2013, will accelerate the growth strategy of Recticel's insulation business, the company commented.
The French facility will add to its two existing production sites, one in Wevelgem, Belgium, and a two-year-old unit in Stoke-on-Trent, UK.
In 2009, Recticel's building insulation activity had a total turnover of Euro 150.5 million.
Recticel makes panels in high performance rigid polyurethane foam, which are used for the thermal insulation of walls, floors and roofs in residential, commercial, industrial, public, logistics and agricultural buildings.
The high-quality panels are used for new constructions as well as for renovation projects, and are marketed under strong brand names, the company said.
Recticel also has a small industrial insulation business, a joint venture with Kingspan, called Kingspan Tarec Industrial insulation, which had sales of Euro 16 million in 2009.