Uralita acquires a glass wool insulation
company in Turkey
· The acquisition of this factory, with a production capacity of 15,000
tons/year, positions Uralita as a key player in the insulation Turkish
· This operation represents a further step in Uralita?s
internationalization strategy, actually generating over 90% of its
sales outside Spain.
· Glass wool is the most efficient solution for reducing energy
consumption and acoustic insulation for buildings.
Madrid, 22 of September 2008.- Uralita, the building materials leading Spanish
manufacturer, has successfully closed the acquisition of the glass wool insulation
business from the Turkish company Özpor. This Acquisition includes a factory located
in Polatli, near Ankara, with a production capacity of 15,000 tons/year. This factory will
join URSA?s (Uralita insulation materials and systems division) network of 14 factories
in countries like Russia, Poland, Hungary, Slovenia, Germany, Belgium, France and
Uralita believes Turkey is an ideal platform for expansion towards the Middle East, and
a complement to its presence in Eastern Europe, where the company is already one of
the key players: ? We consider this investment to be an important decision that will
allow us to continue with our geographical expansion in areas where we are not
present? ? said Javier Serratosa, Uralita?s Chairman and C.E.O., ?The construction
markets in Turkey and the Middle East are rapidly transforming and offer attractive
business opportunities. Uralita has decided to make this investment in Turkey with the
intention of positioning itself as a key player in this market, where we want to establish
a solid growth platform for the future?.
URSA was already present in the Turkish thermal and acoustic insulation materials,
through its product range URSA GLASWOOL. The recently acquired capacity in
Turkey will enable the company to establish a leading position in this market and
provide a better level of service to its customers.
Glass wool: The most efficient insulation material
Uralita, after several months of analyses, considers the evolution of the Turkish thermal
and acoustic insulation markets to be very positive over the past years. Furthermore, it
expects that the usage of insulation materials in the in buildings will continue increasing
in the future, specially in the current context of high oil prices and ever greater
concerns on environmental issues.
Glass wool is the most efficient solution to reduce energy consumption and achieve
acoustic insulation in all types of buildings. URSA is prepared to take advantage of the
superiority of this material that reduces energy costs and contributes to preserving the
Uralita is a Spanish building materials multinational with over 100 years history (founded in
1907). It currently operates in 35 countries and has 38 factories in Europe and 6 under
construction. The strategic lines of business are Insulation (under the URSA brand, Gypsum
(under the brands Pladur and Algiss), Roof tiles (under the Cobert brand) and Piping (under the
Adequa brand). Uralita holds a leading position in the light building materials in the Iberian
Peninsula and is the third largest European insulation materials company. The company counts
with 4,059 employees (at the end of 2007). In 2007, Uralita reached sales of 1,094.9 million
Euros (+8.9% compared to previous year), EBITDA of 224 million Euros (+2.7%) and a net
attributable profit of 85.4 million Euros (+80.5%).
URSA Insulation S.A. is the insulation division of Madrid-based Uralita and one of the leading
suppliers of insulation building materials in Europe. It currently operates nine glass wool plants
and five extruded polystyrene (XPS) ones, located in major European countries.
URSA GLASSWOOL® is a high-quality and cost-effective insulation material, produced with the
most advanced technology. It offers a high level of heat insulation, coupled with outstanding
sound insulation properties. Due to the inorganic nature of its raw materials (mainly sand), it
shows an extraordinary resistance to fire. These characteristics make it an ideal material for
thermal and sound insulation of construction applications such as pitched roofs, partitions,
cavity walls and ceilings.
For more information:
Gonzalo Torres / José Luis González / Juliana Sá
Telefone:+ 34 91 702 71 70
Mobile: :+ 34 610275845
Click here to view the original document