At today’s meeting, the board of ROCKWOOL International A/S approved an investment to upgrade and streamline the Danish factory set-up by implementing the Group’s most advanced process equipment at the factory in Doense, Jutland. The total investment will be around DKK 450 million (EUR 60 million) and is expected to be implemented during 2013-2014.
The new factory set-up will significantly improve product quality, logistical services as well as the cost position compared to competitors.
- We are market leader in Denmark and with this new investment we will strengthen that position further, says Henrik Frank Nielsen, Division Managing Director of the ROCKWOOL Group’s Europe division. Denmark is one of the most developed insulation markets in the world and with upcoming energy efficiency regulations we expect sales to develop in the years to come.
The ROCKWOOL Group has in recent years made significant improvements in technology. It is the ambition of the Group to optimally use these advances to enhance its position in the European core markets which constitute more than 60% of its turnover. The investment in Denmark is one example of this re-engineering of the European stronghold.
- Many of our investments are going to growth and emerging markets but we also prioritize to build a stronger European home base, says Henrik Frank Nielsen.