Rockwool International A/S
The ROCKWOOL Group expands further in China
Rockwool International A/S 06.12.2012 14:03 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Board of Directors has today approved the plan to construct a new production facility in China. Hedehusene, Denmark, 2012-12-06 14:03 CET (GLOBE NEWSWIRE) -- Release no. 14 - 2012 To NASDAQ OMX Nordic Exchange Copenhagen A/S This is a translation of the Danish version. Only the Danish version is legally binding. ROCKWOOL INTERNATIONAL A/S Hovedgaden 584, Entrance C DK2640 Hedehusene Phone: +45 4656 0300 www.ROCKWOOL.com Danish CVR no: 54879415 6 December 2012 The ROCKWOOL Group expands further in China The Board of Directors has today approved the plan to construct a new production facility in China. The new plant will be constructed in Tianjin, approximately 150 km from Beijing in northern China. The ROCKWOOL Group already operates a factory close to Guangzhou in the southern part of the country. The plant is expected to be ready end 2014 and will have a capacity of more than 120,000 tonnes of stone wool insulation annually. The plant will be equipped with one single production line and have world class technology as well as environmental performance. The investment is expected to total around EUR 110 million. Commenting on the expansion, ROCKWOOL Division Managing Director for East Division Theo Kooij said: 'We have seen a good sales development since we acquired the Australian company CSR's insulation activities in southern China in 2010. So far the majority of our sales have gone to industrial insulation. With the new plant in the northern part of China, we can now target the promising market for building insulation which has the potential to become the biggest in the world over time. High-rise buildings, where fire safety is a serious concern, stand out as a promising segment for our non-combustible insulation. The national and regional authorities in China are now expressing a high interest in improving the fire safety of insulated buildings. In 2011, sales in Asia accounted for 5% of total Group sales, and this share is expected to grow in the coming years. China is the Group's biggest single Asian market. In Asia, the Group also operates stone wool plants in India, Thailand and Malaysia. Further information: Gilles Maria Chief Financial Officer ROCKWOOL International A/S +45 46 56 03 00 News Source: NASDAQ OMX 06.12.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Rockwool International A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010219153 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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