Kingspan in $25m expansion

The Cavan-based company is pursuing an aggressive expansion policy in the Americas

1st October, 2017
Founder of Kingspan Eugene Murtagh

Irish building materials giant Kingspan has taken the wraps off a $25 million expansion of its US manufacturing facility in Virginia.

The Cavan-based company, which is pursuing an aggressive expansion policy in the Americas, bought 51 per cent of Brazilian panel manufacturer Isoeste last week.

Isoeste will hit an anticipated €134 million in sales this year, with analysts suggesting that the deal will add around 3 per cent to Kingspan’s earnings next year, and around 1 per...

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