Insulation

13
2014 Performance Highlights
Despite the continuing uncertainties in the wider economy, Kingspan Insulation showed a robust performance in 2014 driven by a
combination of positive residential and non-residential construction, and continued market penetration of Kooltherm.
Kingspan Insulation’s regulatory performance remains strong. As in the previous year, no fines or non-monetary sanctions were recorded
for failure to comply with laws and regulations, environmental or otherwise. No legal actions have been taken against Kingspan Insulation
for anti-competitive behaviour, anti-trust or monopoly practices since at least 2006.
Full scale production of OPTIM-R, a next generation insulation, began in 2014 at the new manufacturing line at the Pembridge site and
specifications for this ultra-thin insulation solution continued to grow through 2014.
The TEK product line was extended with the introduction of the TEK 172, a thicker Structural Insulated Panel (SIP) which is designed to
provide compliance with Building Regulations / Standards without any need for extra insulation.
During 2014, investment in research and development activity was approximately £1.9 million.
Both Pembridge and Selby sites continue to make a valuable contribution to their respective local economies, employing approximately
427 and 68 employees respectively, and supporting local businesses where possible, through procurement of local goods and services.
Action Plan
l The process of ensuring that sustainability thinking is
embedded within the organisation is ongoing. Kingspan
Insulation aims to continuously improve its approach, with
new initiatives tested. Personal preferences sometimes
prohibit adoption of sustainability initiatives, such as the staff
car-sharing scheme.
l Undertake an assessment of future climate change risks for
both facilities, e.g. managing weather extremes, flood risks,
high temperatures, water resources, energy security.
l Take full advantage of the efficiencies that can be leveraged
from the acquisition of the UK PIR manufacturing assets
of CRH.
GRI Indicator Data
Turnover
131,958,866
127,727,262
118,160,563
2014
2013
2012
2011
2010
2009
The construction industry still faces difficult conditions, reflecting the continuing
uncertainties in the wider economy. Turnover in 2014 was lower than 2013, as
a result of a reduction in the selling price of PIR insulation in a commoditized
market.
The full Financial Statements of Kingspan Insulation Ltd. for the financial year
2014 are publicly available from Companies House.
Pupils at Athelstan Community Primary School have been able to
take part in the less mainstream sport of Fencing as well as Quik
Sticks Hockey following funding received from the Kingspan Insulation
Community Trust.
Athelstan Community Primary School wanted to offer pupils the
chance to participate in extra curricular clubs focussed on less
mainstream sports like Fencing and Quik Sticks Hockey, but with
funding from Local Authorities for such activities being cut they turned
to the Kingspan Insulation Community Trust for help.
Sue Thompson, Business Manager at Athelstan Community Primary
School commented “We are passionate about developing all aspects
of the curriculum, and this means that we offer a very wide selection of
extra curricular activities to enable our pupils to pursue wider interests.
As you would expect we were delighted when we received the funding
from the Kingspan Insulation Community Trust as it enabled us to
purchase Fencing and Quik Sticks Hockey equipment offering the
children the opportunity to take part in more unusual sports.”