Kingspan Group
Encyclopedia
Kingspan Group plc is a building
materials company
based in Ireland.
in 1989 with a value of IR£20m. It expanded into insulated panels and timber-framed construction via a series of acquisitions, among them Century Homes in 2005 and the European insulation arm of CRH plc
in 2010 and has a presence in Ireland, the UK and Europe, Canada, the USA and Asia. In 2006 it was one of the winners of the 60k House Competition, to design an energy-efficient house which could be built for £60,000.
Turnover peaked in 2007 at €1,863m with pretax profit of €224m, but the 2008-2011 Irish financial crisis led to a downturn in the company's markets, with 2010 pretax profits down to €56m. 2010 showed the first growth in sales for three years.
The company has diversified into energy-conservation and operates the largest insulated panel factory in the world in Holywell
, Wales.
Building
In architecture, construction, engineering, real estate development and technology the word building may refer to one of the following:...
materials company
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
based in Ireland.
History
Founded in the 1960s, the company floated on the Irish Stock ExchangeIrish Stock Exchange
-History:The Irish Stock Exchange is Ireland's only stock exchange and has been in existence since 1793. It is an Irish private company limited by guarantee. It was first recognised by legislation in 1799 when the Irish Parliament passed the Stock Exchange Act...
in 1989 with a value of IR£20m. It expanded into insulated panels and timber-framed construction via a series of acquisitions, among them Century Homes in 2005 and the European insulation arm of CRH plc
CRH plc
CRH plc, , is an Irish building material group, formerly called Cement-Roadstone Holdings plc. It is quoted on the Official Lists of the Irish Stock Exchange and London Stock Exchange.-History:...
in 2010 and has a presence in Ireland, the UK and Europe, Canada, the USA and Asia. In 2006 it was one of the winners of the 60k House Competition, to design an energy-efficient house which could be built for £60,000.
Turnover peaked in 2007 at €1,863m with pretax profit of €224m, but the 2008-2011 Irish financial crisis led to a downturn in the company's markets, with 2010 pretax profits down to €56m. 2010 showed the first growth in sales for three years.
The company has diversified into energy-conservation and operates the largest insulated panel factory in the world in Holywell
Holywell
Holywell is the fifth largest town in Flintshire, North Wales, lying to the west of the estuary of the River Dee.-History:The market town of Holywell takes its name from the St Winefride's Well, a holy well surrounded by a chapel...
, Wales.
Operations
Its operating units are as follows:- Insulated panels and façades
- Structural (including Kingspan Off-SiteKingspan Off-SiteKingspan Off-Site is a manufacturer of timber and steel building systems. It is a division of the Kingspan Group plc.-Steel solutions:Kingspan Off-Site’s range of steel products can be traced back to the Ward brothers’ construction company, set up in Yorkshire in 1947...
) - Engineered timber systems
- Insulation
- Access floors
- Environmental
- Solar & renewables