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Kingspan

Construction

Grenfell inquiry: Kingspan accused of being ‘unscrupulous player’ in building industry

Building firm accused of making misleading claims about its insulation product K15, as module of London fire probe concludes
  • Barry J Whyte
  • June 25, 2022
Companies

Kingspan to invest €200m in new technology campus in Ukraine

The Cavan-based multinational company has said it will begin construction this year of a new building technology campus in Ukraine that will be completed by 2027
  • Lorcan Allen
  • June 7, 2022

Kingspan exits Russian market

The building materials giant said it made the decision to exit Russia in early March
  • Ellie Donnelly
  • April 5, 2022

Analysis: How the invasion of Ukraine will hit global food security

While the fallout of the Russian assault on Ukraine is being felt in the energy markets, conflict in a region that supplies over a third of the world’s wheat could have serious consequences for the global food supply system
  • Lorcan Allen
  • March 6, 2022

Kingspan reports record profits for 2021 but warns of major cost inflation challenges

The Cavan-based insulation giant said soaring raw material and energy prices had forced it to pass on almost €700 million in additional costs to customers last year
  • Lorcan Allen
  • February 18, 2022

US union writes to Kingspan’s major shareholder over Grenfell Tower fire inquiry

Dispute escalates as sheet metal workers’ organisation follows report on investigation with letter to company’s biggest institutional investor
  • Barry J Whyte
  • February 13, 2022

Ulster Rugby deal now in the spotlight as Grenfell inquiry pressure mounts on Kingspan

As the beleaguered insulation company faces further questions at the inquiry into the 2017 Grenfell Tower fire, protesters are demanding that Ulster Rugby sever all sponsorship ties with it
  • Barry J Whyteand
  • Killian Woods
  • February 6, 2022

Investment funds buy €260m worth of Kingspan shares

Expenditure comes despite slide in the company’s share price due to Covid-19 outbreaks on construction sites and Brexit
  • Barry J Whyte
  • January 16, 2022

Grenfell Tower inquiry: Kingspan is accused of ‘gaming’ fire safety body

Senior staff member says insulation manufacturers fostered close relationships with authorities to try to get more latitude on tests
  • Barry J Whyte
  • December 19, 2021

Kingspan questioned by building regulator after insulation board removed from Dublin property

Developer Cosgrave Property Group was paid substantial compensation for having to replace insulation product supplied by Cavan firm
  • Michael Brennan
  • December 12, 2021

Kingspan accused of embodying ‘corrupt culture’ at Grenfell inquiry

Insulation firm has been accused by lawyers for the victims of the June 2017 fire in London of helping to create the conditions that led to the disaster
  • Barry J Whyteand
  • Killian Woods
  • December 12, 2021

LA firm pays €186m to grow Kingspan stake as Grenfell fallout continues

The Cavan-based insulation firm has performed strongly this year, but its move to sponsor Mercedes Formula 1 team has sparked fresh controversy
  • Eva Short
  • December 7, 2021

Kingspan shares set to hit €120 despite ‘overhang’ from Grenfell Tower inquiry

Strong sales prompt upgrade of expected revenue for Cavan firm, though ongoing inquiry into London fire disaster means it remains vulnerable
  • Barry J Whyte
  • November 14, 2021

Kingspan predicts €750m full-year operating profit in trading update

The insulations company said a swell in demand at the start of this year buoyed its results for the nine months up to September
  • Eva Short
  • November 8, 2021

The Grenfell blame game: ‘A merry-go-round of buck-passing’

More than four years after a devastating fire ripped through the Grenfell Tower in London, killing 72 people, the construction companies criticised for their alleged role in the tragedy are pointing fingers in other directions – much to the distress of those who survived the event
  • Barry J Whyteand
  • Killian Woods
  • September 26, 2021

Company Watch: Kingspan valued at €17.5bn after ‘exceptional performance’

The Cavan-based insulation and materials giant has posted record sales and profits driven by demand in the global construction sector
  • Lorcan Allen
  • August 22, 2021

Kingspan reports record half year profits due to ‘remarkably strong’ demand

Gene Murtagh, chief executive of the Cavan-based insulation company, said the global construction sector has bounced back strongly from Covid-19
  • Lorcan Allen
  • August 20, 2021

Company watch: Kingspan sales spike despite fallout from Grenfell inquiry

LA-based Capital Group bought €105 million worth of the beleaguered building materials firm’s shares, pushing its stake above 6%
  • Barry J Whyte
  • April 25, 2021

LA firm increases Kingspan stake despite negative Grenfell publicity

Capital Group’s holding now stands at 5.32 per cent, worth more than €707 million at the current share price
  • Barry J Whyte
  • April 11, 2021

Kingspan chief ‘drove’ lobbying against combustible cladding ban after Grenfell tragedy

Inquiry into the Grenfell Tower fire in which 72 people died hears company did its ‘best to ensure that science was secretly perverted for financial gain’
  • Barry J Whyteand
  • Killian Woods
  • March 28, 2021

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