Philippines Structural Insulated Panels News

Recent industry report about Philippines Structural Insulated Panels company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Philippines Structural Insulated Panels Market industry experts.

Philippines Structural Insulated Panels News

  • January 2023: Kingspan Group launched a range of reduced-CO2 insulation panels called QuadCore LEC. The newly launched 100mm-thick QuadCore AWP panel has 40% lower embodied CO2 than an EN15804-A2 standard insulation panel of the same thickness.
  • October 2022: Kingspan Group acquired mineral wool-based sandwich panel producer, Invespanel. The portfolio of the acquired company, Invespanel, includes extruded polystyrene (XPS) and expanded polystyrene (EPS)-core refrigeration panels to be used in various application areas.
  • July 2022: ENERCON Specialty Building Systems Corporation established an agreement with DNB Bank ASA for the construction of wind farm Ersträsk North with a total capacity of 134.4 MW located in the Markbygden wind farm area.
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  • January 2024: Qassim Cement Company announced that it signed an agreement to acquire all shares of Hail Cement Company through a securities exchange offer.
  • January 2024: Yamama Cement announced the expansion of a production line and shifted its old plant site south of Riyadh to its new site at Northern Halal in the Al-Kharj governorate. The expansion and shifting of the project will increase the capacity from 10,000 tons/day to 12,500 tons/day.
  • January 2023: Kingspan Group launched a range of reduced-CO2 insulation panels called QuadCore LEC. The newly launched 100mm-thick QuadCore AWP panel has 40% lower embodied CO2 than an EN15804-A2 standard insulation panel of the same thickness.
  • October 2022: Kingspan Group acquired mineral wool-based sandwich panel producer, Invespanel. The portfolio of the acquired company, Invespanel, includes extruded polystyrene (XPS) and expanded polystyrene (EPS)-core refrigeration panels to be used in various application areas.
  • July 2022: ENERCON Specialty Building Systems Corporation established an agreement with DNB Bank ASA for the construction of wind farm Ersträsk North with a total capacity of 134.4 MW located in the Markbygden wind farm area.
  • January 2024: Hoffmann Green Cement Technologies announced the signing of a partnership to sell its clinker-free, low-carbon cement targeting the BtoC market through the retail network of Bricomarché, Bricorama, Brico Cash, and Tridôme (part of Les Mousquetaires Group).
  • November 2023: Heidelberg Materials introduced the world’s first carbon-captured net-zero cement under its new evoZero brand to customers in Europe. evoZero achieves its net-zero footprint through the application of carbon capture and storage technology at the Heidelberg Materials plant in Brevik, Norway, without compensation from credits generated outside the company’s value chain.
  • September 2023: Fortera Corporation aimed to fire up as many as seven commercial plants in the next five years with USD 1 billion in financing to fund its aggressive expansion.
  • June 2023: Buzzi S.p.A., through the fully owned subsidiary Dyckerhoff GmbH, reached an agreement to sell some of its businesses in Eastern Europe to CRH, a leading building materials solutions company, for a consideration of €0.1 billion (approx. USD 108 million). The transactions included the business in Ukraine and ready-mix concrete assets in East Slovakia. In Ukraine, Buzzi operates two integrated cement plants located close to Rivne and Mykolaiv.
  • May 2023: Hoffmann Green Cement Technologies commissioned its H2 plant adjacent to its existing H1 clinker-free cement plant in Bournezeau, Pays de la Loire. The production unit took two years to construct with an investment of EUR 22 million (USD 24.16 billion) and has a production capacity of 1000 tons per day of clinker-free cement. The company's clinker-free cement had over 90% lower carbon dioxide emissions than ordinary Portland cement.
  • July 2022: Holcim signed an agreement with Ol-Trans to acquire its five concrete plants. The acquisition was to strengthen Holcim's local ready-mix concrete network and establish its pole position in Northern Poland. This transaction was expected to also increase the company's sales of ECOPact green concrete, which has up to 50% lower carbon footprint in Poland.
  • April 2022: CEMEX, S.A.B. de C.V. invested in Carbon Upcycling Technologies, a solution that enables the reduction of carbon emissions in cement and concrete production by up to 30% through clinker substitutes. The technology was to help scale the company’s capability to reduce clinker in its cement production process.
  • November 2023: CRH agreed on a major deal in Texas two months after moving its primary listing from London to New York. It announced that it bought assets from Martin Marietta for USD 2.1 billion.
  • September 2023: Fortera Corporation aimed to fire up as many as seven commercial plants in the next five years with USD 1 billion in financing to fund its aggressive expansion.
  • June 2023: Eco Material Technologies, in partnership with Hive 3D, as part of The Casitas @ The Halles project, unveiled the first 3D-printed homes made using almost zero carbon cement. Hive 3D used Eco Material Technologie's green cement called PozzCEM Vite as part of the construction, replacing 100% of Portland cement in concrete.
  • March 2023: Holcim Mexico started production of its Fuerte Más reduced-CO2 cement at its cement production units in Macuspana and Tabasco, with a combined rate of production of 60,000 tons per year. The company replaced some of the clinker in the cement with locally sourced minerals from Southeast Mexico, and the new cement now offers 50% reduced carbon dioxide emissions and 10% higher physical performance than ordinary Portland cement.
  • November 2022: Titan America LLC announced the full conversion of its cement plants to the production of Type IL portland-limestone cement, a low-carbon construction material. Titan America LLC partnered with customers in New York City, New Jersey, Virginia, North Carolina, and Florida to champion the low carbon cement for use in their concrete.
  • September 2022: The German building materials company formerly named HeidelbergCement rebranded to Heidelberg Materials.
  • February 2022: Holcim and Eni announced the establishment of a collaboration to develop an innovative technology to produce green cement from captured carbon. The partnership involves the creation of a demonstration plant with the aim of testing the reduction of the CO2 footprint of cement and the integration of this innovative solution in cement plants.
  • January 2023: The East African Portland Cement (EAPC) revealed plans to expand within the East African Community member countries following its KES 500 million (USD 3424657.50) plant upgrade and the introduction of a new, cheaper Green Triangle cement brand.
  • November 2022: East African Portland Cement Plc (EAP) launched a new product named Green Triangle Cement to minimize carbon emissions. In July 2022, the company refurbished its kiln at an investment of KES 0.5 billion (USD 4.11 million), enabling it to produce green cement.
  • September 2022: The German building materials company formerly named HeidelbergCement was rebranded as Heidelberg Materials.
  • July 2022: Lafarge South Africa, a subsidiary of Holcim Group, launched ECOPact cement, which is a green cement. The product launched by the company is available in variants containing between 30% and 100% less carbon emissions.
  • December 2023: Hoffmann Green Cement Technologies announced that the partnership contract signed in 2021 with the Center Scientifique et Technique du Bâtiment (CSTB) was extended for a further three years.
  • March 2023: Hoffmann Green Cement was granted a Chinese patent for its clay-based H-EVA cement. The company is known for its clinker-free cement products. The company also has a patent for its H-P2A binder, which is among the same family of products offered.
  • October 2022: JSW Cement announced its plans to establish an integrated green cement manufacturing facility in Madhya Pradesh with an investment of more than INR 3,200 crore (USD 390 million). The company was expected to also invest in a split grinding unit in Uttar Pradesh. The combined cement production capacity across these units was to be five metric tons per annum (MTPA).
  • July 2022: Hallett Group launched its Green Cement Transformation project by breaking into Australia’s cement sector by building an AUD 125 million (USD 84.3 million) cement plant in Port Augusta to supply green cement.
  • December 2023: Hoffmann Green Cement Technologies announced that the partnership contract signed in 2021 with the Centre Scientifique et Technique du Bâtiment (CSTB) has been extended for a further three years.
  • June 2023: Hoffmann Green Cement Technologies partnered with Shurfah Holding, wherein Shurfah Holding was to use Hoffmann Green Cement's technology to produce green cement. Hoffmann Green Cement Technologies plans to build four new units to produce its clinker-free green cement in Saudi Arabia, and the construction will begin in 2024.
  • February 2023: HasslacherHolding GmbH acquired a 40% stake in Egoin Wood Group. With production sites in Ea (Biscay) and Legutio (Araba), this globally engaged company has more than 30 years of experience in the creation of construction timber solutions. The overall production capacity for engineered wood products at Egoin Wood Group was 22,000 m3 (14,000 m3 cross-laminated timber and 8,000 m3 glulam), but that capacity was anticipated to increase to up to 52,000 m3 when the third cross-laminated timber plant in Legutio opened in mid-2023.
  • October 2022: Stora Enso announced its product, Sylva. It is a massive wood building kit comprising pre-manufactured, custom-made applications delivered in time to the building site. Stora launched this product to meet the demand for sustainable and innovative construction solutions and strengthen its business in the sustainable wood structure market for low-carbon buildings.
  • In December 2022, Balfour Beatty signed a memorandum of understanding with Holtec Britain and Hyundai Engineering and Construction (HDEC) to develop small modular nuclear reactors in the United Kingdom.
  • In October 2022, Balfour Beatty today announced that its 50:50 joint venture, Gammon, has been awarded an HKD 1.3 billion (USD 0.17 million) contract on behalf of Top Oasis Limited, a consortium formed by Sino Land Company Limited and CSI Properties Limited for the construction of a residential development in Yau Tong, Hong Kong.
  • August 2023: Royal White Cement Inc. announced its plans to build a new cement terminal in Houston, Texas, to produce slag, grey cement, and white cement. The company has strengthened its market presence by expanding its footprint in Houston.
  • March 2023: Argos USA LLC has been awarded the Energy Star certification from the US Environmental Protection Agency (EPA). The company has strengthened its market presence by reducing the electricity use and CO2 emissions from its manufacturing process.

Structural Insulated Panels Market in Philippines Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)