Latest news with #Rockwool
Hans India
3 days ago
- Business
- Hans India
EPACK Prefab inaugurates sandwich panel making facility at Mambattu
Tirupati: EPACK Prefab Technologies Limited has inaugurated a state-of-the-art sandwich panel manufacturing facility at Mambattu, expanding its production footprint in southern India. The new plant is built on a 2,83,660 sq ft land parcel with a built-up area of 1,49,151 sq ft, designed to meet the surging demand for energy-efficient sandwich panels. The facility enhances EPACK's production capacity by adding 8 lakh sqm/annum taking the company's total sandwich panel capacity to 13.10 lakh sqm/annum. The fully automated facility manufactures high-performance PUR/PIR and Rockwool panels, catering to sectors like cold storage, food processing, and industrial infrastructure. Designed for minimal manual intervention, the plant supports sustainable, energy-efficient production and is compliant with environmental regulations. 'This plant marks a key milestone in our journey toward building greener, smarter infrastructure for India. It strengthens our presence in the southern market and supports national missions like Make in India and Aatmanirbhar Bharat,' said Sanjay Singhania, MD & CEO, EPACK Prefab. With a Rs.56 crore investment (excluding land), EPACK aims for a 30–35 percent market share in the sandwich panel segment this fiscal year. The facility has created over 600 local jobs and was recently recognised by the Golden Book of Records for the fastest-constructed industrial structure in India at the site.
Business News Wales
5 days ago
- Business
- Business News Wales
Hugh James Planning Team Marks 'Transformational' Year of Growth
Top 100 UK Law Firm Hugh James is marking a 'significant milestone' in the evolution of its planning practice. Since the appointment of Alex Madden as Partner and head of planning and environmental in July 2024, the planning team has grown in both size and scope. The firm says it now has new clients, complex projects, and key hires under its belt. 'It's been an action-packed 12 months,' Alex said. 'We've supported the firm's commercial property team on standout deals like Rockwool's new manufacturing base at Peddimore and Pobl's land acquisition at Cardiff's Plas Dŵr. We've also facilitated critical conversations around housing delivery in Wales, including a roundtable with Lee Waters MS focused on unlocking social housing.' The team now includes Senior Associate, Hannah Mannion, who specialises in energy and renewables, and soon to be assistant solicitor Ben Bowen who will qualify in September 2025. The team's growth over the past year has significantly boosted their capacity to support the firm's national housebuilder client base across both contentious and non-contentious work, it said. The introduction of mandatory Biodiversity Net Gain (BNG) for certain developments, updates to the National Planning Policy Framework (NPPF) – including the new 'grey belt' classification – and proposed legislative reforms via the Planning and Infrastructure Bill all signal an increasing demand for commercial planning advice, said the firm. Further changes are in the pipeline, with the Ministry of Housing, Communities and Local Government (MHCLG) publishing a working paper proposing reforms to site thresholds in the planning system to better support housing delivery across different types of sites and launching a consultation on proposed reforms to planning committees. Defra is also consulting on BNG implementation for NSIPs and minor, medium and brownfield developments. Alex believes these developments only underscore the importance of having a strong, agile legal team in place. 'Our expansion means we're not just meeting our clients' needs – we're anticipating them,' he said. 'We're now able to offer a cradle-to-grave service that ensures continuity, clarity and strategic input at every stage of a project. That's a win-win for clients new and old.' The team is advising on significant residential schemes in the South West. These include the landmark Selwood Garden Community comprising 1,700 homes, a major mixed-use development of around 400 units at Nailsea within the Green Belt, and a residential-led scheme at Trull delivering 125 new homes. Recent client wins include Wain Estates, Wain Homes, and Land Value Alliances. This strategic growth reflects Hugh James' wider vision for its planning and environmental team, and delivers on the ambitions set out when Alex was first appointed, the firm said. 'We knew that planning and environmental law was becoming a bigger priority for our clients,' said Alex. 'That's why we invested in building a market-leading team, and now we're delivering on that promise.'
Yahoo
21-05-2025
- Business
- Yahoo
Rockwool AS (RKWBF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Market Challenges
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Rockwool AS (RKWBF) reported a 4% increase in revenue for Q1 2025, reaching 959 million, with growth driven by acquisitions and volume increases. The company achieved a strong EBIT margin of 16%, supported by stable pricing and input costs. North America showed significant growth, with a 15% increase in revenue, driven by market share gains and a healthy project pipeline. Rockwool AS (RKWBF) maintains a solid cash position with net cash at 231 million, indicating strong financial health. Investment projects, including new factories in Romania and the US, are on track, supporting future capacity expansion. The horticulture business experienced a revenue decline due to lower sales in the legal cannabis market in North America. The system segment saw a decline in profitability, primarily due to decreased revenue in the horticulture business. There is price pressure in the French market, particularly in the professional flat roof application segment. The company faces macroeconomic uncertainties, particularly in Eastern Europe, with a slowdown in Russia impacting overall performance. Free cash flow for the quarter was negative at -47 million, indicating potential cash flow challenges. Q: Can you provide more details on the full-year guidance, especially regarding margin progression and the impact of the Russia dilution? A: Unidentified_2: There is some seasonality in our business, but when we balance it with the market uncertainty, we believe a 16% EBIT margin is a reasonable outlook. Q: What steps are being taken to improve the profitability of the systems division? A: Unidentified_2: We have plans for improvements across the systems division, which includes supply chain, production, price positioning, and product rationalizations. Each business within the division is affected by different market factors. Q: Will Rockwool continue to support the Ukrainian reconstruction initiative throughout the war? A: Unidentified_2: At the AGM, shareholders voted to donate another 100 million Danish kroner to the Grameen Foundation. Future donations will depend on shareholder decisions at subsequent AGMs. Q: Can you comment on the pricing pressure in France and the strong performance in North America? A: Unidentified_2: In France, the price pressure is mainly in the professional segments like flat roof and sandwich panels, with about a percentage point impact. In North America, our growth is not due to pull-forward demand but rather healthy market share gains and a strong pipeline. Q: What is driving Rockwool's market share gains in North America, and is this sustainable? A: Unidentified_2: Our low market share in the US allows for significant growth potential. We are gaining market share through new customers, channels, and products, particularly emphasizing our fire-resistant insulation. Q: How do you see the trends evolving in North America and France in Q2? A: Unidentified_2: In North America, we expect to maintain growth levels due to market share gains and a strong pipeline. In France, the price pressure is nuanced and project-specific, with about a percentage point impact on pricing. Q: What are the plans for capacity expansion, and how does this affect market dynamics? A: Unidentified_1: We are adding capacity in India, Romania, and the US, with new factories coming online between 2026 and 2028. This expansion is part of our long-term strategy to develop the US market further. Q: How is the company addressing the challenges of single plant owners in the European stone wool industry? A: Unidentified_2: It's challenging for small footprint operators due to scale and technology access. While consolidation has been ongoing, it's uncertain if it will accelerate. The conversion to electric melting technologies is a significant factor. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
23-03-2025
- Sport
- New York Times
Canada roars to first, Spain rediscovers its 2024 form in San Francisco SailGP's first day
Canada continued to show who rules on U.S. waters on Saturday. After winning in Los Angeles last weekend, driver Giles Scott and the Canadian team took the lead on Day 1 of the San Francisco SailGP. Perhaps it's Canada's reward for doing a good deed on behalf of the Danish team, which has been forced to sit on the sidelines. A collision with a course mark last weekend put the Danes out of action in Los Angeles. Even more disappointing for them, the team had insufficient time for the repair team to fix the boat before San Francisco. So another weekend of no points, and skipper Nicolai Sehested said he already feels any chance of winning the season has slipped away. Advertisement Feeling the pain of their fellow competitors, Canada adopted the Rockwool branding from the Danish team in a show of support and solidarity. Karma appeared to work its magic as the Canadians roared to the most consistent performance of the 11-boat fleet, scoring 5, 1, 2, 1 across the four heats. The racetrack, situated between the Golden Gate Bridge at the windward end of the course and the prison island of Alcatraz at the bottom end, gave the sailors plenty to think about, especially the strong current that flows through the Bay. But after the tight confines in Los Angeles, Scott enjoyed letting the Canadian boat rip on a bigger field of play. 'It's really nice to be on a bigger course for the first time in a while — stretch your legs, pick a few wind shifts,' he said. Scott made it sound easy, although he knows a good run of form like this can never be taken for granted. Canada is on a roll, and some of the teams must be scratching their heads wondering how to match this Canadian consistency. How we stand after Day 1 of the #SanFranciscoSGP ⛵#SailGP ️ — SailGP (@SailGP) March 22, 2025 After a wobbly start to their year, the defending champions from Spain have started rediscovering some of their 2024 form. Winning race three, combined with some other decent scores, was good enough to see Diego Botín's crew in third place, 6 points ahead of the French in fourth. The Australians never quite hit their stride, as skipper Tom Slingsby acknowledged. 'It seems when we got a better start we didn't overtake as well,' he said. 'And when we got a poorer start, we did overtake, so we ended up with very similar results.' Even so, Australia has a knack for coming out of a ho-hum kind of day nicely, and the team is in second place, 3 points back from Canada. Advertisement New Zealand seemed out of sorts Saturday, though sitting in fifth is not quite a disaster. Burling said it was plagued by gremlins in the on-board electronics, which forced the team to fall back on its 'seat of the pants' instincts. Gremlins have been an ongoing problem for the Kiwis this season, and Burling will need the electronics to be up and running properly Sunday if there's hope of making the three-boat final. Any hope of the U.S. team making the final in San Francisco after glimmers of a good performance — like being in third place during the final race — evaporated as the crew struggled to maintain stable flight on its frisky F50 boat. The Americans sit at the bottom of the scoreboard and will look to Sunday's three fleet races to restore some pride in front of the home crowd. (Photo of Canada's boat courtesy of Ricardo Pinto for SailGP)
