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WKN: 889488 | ISIN: DK0010219153 | Ticker-Symbol: R90
Tradegate
06.11.24
12:11 Uhr
410,80 Euro
+14,40
+3,63 %
1-Jahres-Chart
ROCKWOOL A/S Chart 1 Jahr
5-Tage-Chart
ROCKWOOL A/S 5-Tage-Chart
RealtimeGeldBriefZeit
411,80412,2012:27
411,80412,2012:27
GlobeNewswire (Europe)
122 Leser
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ROCKWOOL A/S: ROCKWOOL signs deal to purchase land, eyes West Midlands manufacturing site to boost supply of non-combustible insulation

This would be the company's second UK production facility in addition to its existing South Wales plant

LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Leading global non-combustible insulation manufacturer ROCKWOOL today announced it has signed an agreement to buy 114 acres (or 46 hectares) of land at the Peddimore site, north east of Birmingham, with the intention to build a state-of-the-art manufacturing facility featuring proprietary electric melting technology for its stone wool insulation products.

The new facility would boost supply capacity for UK and Republic of Ireland customers, whilst also supporting ROCKWOOL's ambitious global sustainability plans. This significant investment would also create skilled long-term jobs and local supply chain opportunities as well as help in achieving the UK's net zero targets and in creating a safer and more sustainable built environment through ROCKWOOL's portfolio of non-combustible and recyclable stone wool insulation products.

Local community consultation plans

The Peddimore site, which is designated specifically for manufacturing use, is included in Birmingham City Council's Development Plan and has outline planning permission for a manufacturing facility. Key infrastructure including a new access road and roundabout into the site is already in place, servicing an adjacent facility built in 2023.

In the coming weeks, ROCKWOOL will begin consulting with the community about its plans, including open house events where community members can meet ROCKWOOL leaders and learn about the business as well as its commitment to delivering social and environmental value in the communities in which it operates. ROCKWOOL will subsequently submit applications to Birmingham City Council to adapt the existing planning permissions to its specific proposal.

Information about the plans will also be made available at www.rockwool.com/uk/peddimoreas the proposal develops.

Building on long-term success

Nick Wilson, Managing Director of ROCKWOOL UK & Ireland, said:

"We're very excited at the opportunity to expand the business into the West Midlands that would enable us to boost our production capacity in the UK and to create quality jobs and business opportunities in the local community. During the past 45 years, we have built a strong foundation at our site in South Wales where we will continue to manufacture and invest for the long-term, and are now looking to build on that success with a second manufacturing plant at the Peddimore site.

"The West Midlands has a skilled, local workforce, a strong manufacturing tradition, and excellent transport links, so it is an ideal location for us to expand our business in the UK and bolster our service to customers in the Midlands and across the north of England and Scotland. We're looking forward to sharing our plans with the local community and are fully committed to being a good neighbour and partner for the Minworth and wider West Midlands community."

Notes to editors:

The visual is an artist's rendition of the prospective factory.

This would be ROCKWOOL's second UK production facility

For more information, please contact:

Karen Westcott:07545 210 067karen@dtw.co.uk (mailto:karen@dtw.co.uk)
Chris Taylor:07949 287 356chris@dtw.co.uk (mailto:chris@dtw.co.uk)

About ROCKWOOL
ROCKWOOL Limited is part of ROCKWOOL Group. With one factory based in Bridgend, South Wales and over 500 employees, we are the local organisation offering advanced insulation systems for buildings.

With approximately 12,000 dedicated colleagues in 40 countries and sales in more than 120, ROCKWOOL Group is the world leader in stone wool products, from building insulation to acoustic ceilings, external cladding systems to horticultural solutions, engineered fibres for industrial use to insulation for the process industry and marine & offshore. Stone wool is a durable, endlessly recyclable, versatile material that forms the basis of all our businesses.

For more information, visit: www.rockwool.com/uk(global site).

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35fc78f2-5a63-47bb-9e2f-b0c71d6df157


© 2024 GlobeNewswire (Europe)
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