Kingspan Group Plc. Overview
Company Headquarters: Ireland
Founded: 1966
Workforce: ~13,500
Company Working: Kingspan Group is one of the leading providers of sustainable building solutions across the world. It operates through five product segments, namely, insulated panels, access floor, environmental, insulation boards, and light and air. The light and air segment offer a range of daylighting and energy-efficient lighting, as well as natural ventilation and smoke management solutions. The company sells net-zero energy products under this segment. Its products have applications in the commercial & industrial, residential, and office & data sectors. The company operates in two end use groups, namely, new build and refurbishment. It has completed several projects to improve the energy-efficiency in several manufacturing sites. The company has 129 manufacturing facilities and a presence in more than 70 countries worldwide.
Strategy
Kingspan Group aims to retain its position in the global market by focusing on mergers and acquisitions, developing innovative and patent-protected proprietary technology, and manufacturing products for reducing the cost of production and meeting the environmental regulations and greenhouse gas emissions targets. It is working on increasing its product development. For instance, in 2018, the company achieved a 75% net zero energy, a significant increase from the 69% achieved last year. It plans to reach 100% by 2020. Moreover, 5.9% of the total energy use was generated from renewable sources on their manufacturing sites. Furthermore, every year, the company invests 1% of its revenue in R&D in creating industry-leading, next-generation products and solutions.
