Kingspan To Invest €200m In New Building Technology Campus in Ukraine

7 June 2022 Kingspan Group
kingpsan ice winner
Ukraine’s Foreign Minister, Dmytro Kuleba, welcomes Kingspan’s announcement to invest into Ukraine and help it create a completely new, modern and innovative economy leveraging leading urban development expertise and green technologies.
  • The new state-of-the-art facility will help meet rapidly growing demand for energy efficient buildings.
  • Site to be constructed over next five years, in excess of 600 jobs to be created.
  • Advanced insulation and district heating products to be manufactured on site.
 
7th June 2022

Kingspan, the global leader in advanced insulation and energy-efficient building solutions, is to invest €200m in a new Building Technology Campus in Ukraine.

Welcoming Kingspan’s decision to exit Russia's market and invest in Ukraine, Foreign Minister Dmytro Kuleba said: 
Our goal is not solely renewal and rebuilding of the destruction caused by Russian aggression but also the creation of a completely new, modern and innovative economy leveraging leading urban development expertise and green technologies.

For this reason, based on President Volodymyr Zelenskyy’s vision, we created the Recovery Plan for Ukraine, and Kingspan’s project meets both the spirit and the goal of our plan. We invite the international business community to follow this example by withdrawing completely from Russia and relocating their businesses in Ukraine. This will benefit both: a company's standing and its long-term strategy.
Commenting from Kyiv, Gene Murtagh, CEO of Kingspan Group, said:
This investment sits at the crossroads of three crises: the climate crisis, the energy security crisis, and the crisis caused by the Russian war against Ukraine. The new Building Technology Campus we are planning will make positive contributions on all three fronts, supporting Ukraine as it rebuilds its economy, meeting demand across central and Eastern Europe for energy efficient buildings, and helping Europe to reduce reliance on oil and gas imports.

The ambition is for the development process to begin immediately – subject to appropriate security conditions - with the facility expected to be fully complete within 5 years. Kingspan has appointed a project team to identify a suitable site, likely to be in the west of the country, and is liaising with the Ukrainian Government to this end.
Kingspan has 198 manufacturing facilities around the world and employs over 19,000 people globally. Through organic growth and acquisition, it has established itself as a global force for advanced building technologies that enable net-zero carbon buildings.

Kingspan’s Building Technology Campus in Ukraine will manufacture advanced insulation products and district heating solutions. These technologies are central to the urgent effort to decarbonise the global built environment, which is responsible for 39 per cent of all energy-related carbon emissions.
 
For further information please contact Steve Marinker, Powerscourt, Steve.Marinker@powerscourt-group.com



Notes to Editors
On April 5, Kingspan announced it had completed its exit from the Russian market and divested its operations to local management. Russia accounted for less than 1% of Kingspan’s global operations. Kingspan products are no longer available for sale in Russia. Kingspan has donated $750,000 to UNICEF for the setup of five Blue Dot Centres to assist refugees on the Ukrainian border.


About Kingspan
The companies in the Kingspan Group are united by a vision of a better built environment – one that is ultra energy-efficient, promotes wellbeing and is circular by design.

As the global leader in high-performance insulation and building envelope solutions, our mission is to accelerate a net zero emissions future with the wellbeing of people and planet at its heart.

The goals in our Planet Passionate sustainability programme include net zero carbon manufacturing by 2030 and a 50 per cent reduction in CO2 intensity in our primary supply chain partners, also by the end of the decade.

Kingspan Group companies are active in over 70 countries and employ in excess of 19,000 people in more than 198 manufacturing facilities. The Group is headquartered in Ireland.
www.kingspan.com/group
 

Latest News

We use cookies on our website www.kingspan.com. To find out more about the cookies we use, or to change your cookie preferences i.e. to remove your consent to our use of certain categories of cookies, please visit our Cookie Policy & Control page.

Please click "I Accept" to accept the use of cookies on our website. If you do not click "I Accept" but continue to use this website: you thereby consent to the use of all Kingspan's cookies and third party cookies for the purposes of improving performance, improving functionality and audience measurement, in accordance with the terms laid out in our Cookie Policy & Control page; and we will assume that you have read and understood our Cookie Policy & Control page.

The Cookie Policy & Control and Website Privacy Notice were updated on 13 August 2018.