18 November 2012       Download

GlassRock Insulation Co., a portfolio company of Citadel Capital’s regional mining platform ASCOM, has successfully completed the commissioning phase of its new glasswool production line and has now commenced with production, marketing and sales of its energy-efficient insulation material in local, regional and international markets.\n\nGlassRock’s total annual production capacity is 50,000 metric tons split as 30,000 metric tons of stonewool and 20,000 metric tons of glasswool.\n\nThe 20,000 metric tons per annum of glasswool insulation that will be produced in GlassRock’s Sadat City Free Zone plant is manufactured with primarily local materials. In September 2012, GlassRock announced the launch of its first stonewool production line, (also known as rockwool), a key component of greener buildings with lower environmental footprints. The company, is now targeting exports to key markets in Europe, North Africa, the Gulf Cooperation Council (GCC) countries and Turkey.\n\n“We are exceptionally proud to be manufacturing these strategic insulation materials, which can be used as both residential thermal insulation and as acoustic insulation,” said GlassRock Insulation Co. Chief Executive Officer Bechir Dardour. “Our products, whether stonewool or glasswool, can help to significantly reduce the impact of the energy crisis that Egypt is currently facing,” he added.\n\nBuildings account for some 40% of the world’s greenhouse gas emissions due to the energy they consume, according to estimates by the United Nations’ Intergovernmental Panel on Climate Change. According to Dardour, the insulation materials produced by GlassRock are also the best way to reduce the impact of CO2 (carbon dioxide) emissions.\n\nGlassRock insulation products can be used in a wide range of settings that harness their remarkable thermal, acoustic and fire protection properties. Glasswool and stonewool can be used to insulate new and existing buildings of all types — be they residential