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Rockwool International

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Rockwool A/S
Company typePublic company
ISIN
IndustryBuilding materials
Founded1909;115 years ago(1909)[3]
FounderHenrik Johan Henriksen and Valdemar Kähler
Headquarters
Hedehusene
,
Denmark
Key people
Jens Birgersson(CEO),Thomas Kähler(chairman)
ProductsMineral woolproducts
Revenue
  • IncreaseEUR 2,671 million (2018)[4]
  • EUR 2,374 million (2017)
Number of employees
11,600 (31/12 2018)
Subsidiaries
  • Rockfon[5]
  • Grodan
  • Rockpanel
  • Lapinus
  • Rockwool A/S[5]
Websitehttps:// rockwoolgroup

Rockwool A/S(or AS),[6]also known as theROCKWOOL Group,[3]is a Danish multinational manufacturer ofmineral woolproducts headquartered inHedehusene,Greater Copenhagen,Denmark.The company'sR&Dunit, employing 100 people as of 2016, is co-located with the headquarters in Copenhagen.[7]

Rockwool was the world's largest maker of insulation materials in 2009,[6]but had fallen to the second largest by 2016.[7]As of 2009,90% of the company's revenue came from the sale of insulation products, while 80% came from sales in Europe.[6]

History

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Rockwool was founded as Korsør Stenforretning by constructor Henrik Johan Henriksen and brickyard-owner Valdemar Kähler in 1909 as agravelmining company.[7]In 1922, the company won the contract on improving the dykes at Saltbæk Vig and later purchased the area.[8]

In 1927, it purchased a chipping plant atHedehusene.In 1937,[note 1]a production ofmineral wool(stone wool) was established at the site based on an American license acquired by Finn Henriksen during a visit to the States.[9]By 1939, the focus of the company had fully turned toward the manufacture of insulation.[7]

In 1972, the company was divided into H+H and I/S Kähler & Co. Kähler & Co. was led by Valdemar Kähler's grand son Claus Kähler. He was succeeded on the post by his son Tom Kähler in 1986. In 2004, Tom became chairman of the board while Eelco van Heel took over the position as chief executive officer.

The company began trading as "Rockwool International A/S" on theCopenhagen Stock Exchangein 1995.[3]Before it became apublic company,it was afamily-owned business,[6]held by the Kähler family.

The company's first plant in the United States opened in 2014 inMarshall County, Mississippi.[10]In 2017, the company announced a North American expansion through establishment of a plant inRanson, West Virginiathrough its subsidiary Roxul.[11][12]

In 2023 Rockwool was named an "International Sponsors of War"by Ukraine for selling products to the Russian Ministry of Defence for use on warships.[13]

Brands

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Rockfon

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Rockfon is a brand of acoustic ceiling and wall solutions based on rockwool.

Flumroc

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In 1969, Rockwool acquired a minority stake related to technology licensing in the privately held Swiss company Flumroc AG.[14]In November 2017 Rockwool completed acquisition of all outstanding shares of Flumroc; company sales have been largely limited to Switzerland.[14]Due to the broad recognition of the brand in Switzerland, Rockwool kept using the Flumroc brand.[14]

Roxul

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With the acquisition of a stone wool factory in Ontario, Canada, Roxul Inc. was established as the Canadian subsidiary. When business started in the United States, Roxul USA Inc. was established as the US subsidiary. On 1 January 2018, the North American insulation business rebranded to ROCKWOOL North America.

Management

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From 1987 to 2004, Rockwool Group's president and CEO was Tom Kähler. From 2004 to 2014, Eelco van Heel held those positions.[15]

As of 2015, Rockwool Group's president and CEO was Jens Birgersson.

In February 2024, the company announced the appointment of Jes Munk Hansen as its new chief executive from 1 September 2024.[16]

Locations

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Rockwool International is represented in 38 countries (2016), operating 28 factories in the following countries:[note 2]

Intellectual property

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In 2008, there were a number of actions by theWorld Intellectual Property Organisationin regard to internet domain names which have resulted in domain transfer to Rockwool, among these being "china-ocean-rockwool",[18]"rockwoolfactory",[19]and "rockwoolvietnam".[20]In 2015, Rockwool International filed suit against Rock Wool Manufacturing Company hoping to quash potential consumer confusion in the face of the defendant having filed a trademark application for "Rock Wool"; the suit was dismissed by the court after Rock Wool's abandonment of their trademark application.[21]

Rockwool Foundation

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In 1981, six members of the Kähler family established the Rockwool Foundation with an endowment of 25% of each of their own stock holdings in Rockwool International.[22]The Foundation has been referred to as athink tankby some authors.[23]The Rockwool Foundation Research Unit was established as a fully independent unit with a focus onsocial scienceresearch in 1987 by the Foundation, led since 2003 by Torbin Tranæs.[24]The Research Unit has been described as self-financed andnon-partisan.[25]The Research Unit has published on topics such as the extent of the financialblack marketin Denmark.[26]In other published cases, it has been unclear whether the Research Unit or the Foundation have been the actor, as in the case of examining the British health care system with an eye toward the financial cost of emulating theKaiser Permanentesystem,[23]and an analysis of the impact on the Danish economy of wages lost through prisoner incarceration.[27]

Notes

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  1. ^Citation Hanna 2010 states that production started in 1935.
  2. ^Citation Hanna 2010 notes 23 factories in 35 countries as of 2010.
  3. ^Roxul facility opened 2014; Rockfon facility opened in 2017.Lantrip, Patrick (23 October 2017)."U of M Files $33.5M Permit for Land Bridge".Memphis Daily News.4594 Cayce Road.Retrieved17 November2017.

References

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  1. ^"OMX Copenhagen 25 (OMXC25CAP)".
  2. ^"OMX Copenhagen 25 (OMXC25CAP)"(PDF).Nasdaq OMX.Archived fromthe original(PDF)on 13 March 2022.
  3. ^abcdHanna, Nick (2010).The Green Investing Handbook.Harriman House Series. Great Britain: Harriman House Limited. Rockwool Group.ISBN9781906659677.OCLC813665077– via Google Books (Preview).
  4. ^"Annual Report 2018 highlights".ROCKWOOL Group.Retrieved29 April2019.
  5. ^abMcMullen, John (2011).Redundancy: The Law and Practice(3rd ed.). Oxford University Press. p. 217.ISBN9780199544172.OCLC759843091– via Google Books (Preview).
  6. ^abcdeHobbs, Eddie(2010).Energise:How to survive and prosper in the age of scarcity.Dublin: Penguin Ireland. Companies specialising in energy efficiency.ISBN9781844882311.OCLC767650847– via Google Books (Preview).
  7. ^abcdGoffin, Keith; Mitchell, Rick (2016).Innovation Management.Basingstoke: Palgrave Macmillan. pp. 310–311.ISBN9781137373441.OCLC989820687– via Google Books (Preview).
  8. ^"Rockwool-arving gør sig klar til tronen"(in Danish). Berlingske. 3 September 2012.Retrieved14 September2017.
  9. ^"Rockwool-historien"(in Danish). Berlingske. 15 October 2006.Retrieved14 September2017.
  10. ^Turner, Dennis (24 September 2014)."Roxul plant opens in Marshall County".WREG.Retrieved19 November2017.
  11. ^Williamson, Aliah (16 November 2017)."UPDATE: Roxul reveals $150 million investment plan".WDVM(LocalDVM ed.). Nexstar Broadcasting.Retrieved16 November2017.
  12. ^Cook, Tim (7 July 2017)."$150 million plant coming to Ranson".The Journal.West Virginia, United States: Ogden Newspapers.Retrieved17 November2017.
  13. ^"Ukraine designates Rockwool as international war sponsor".13 November 2023.
  14. ^abc"Flumroc wird dänisch – 230 Stellen bleiben erhalten"[Flumroc will get Danish - 230 places remain].Die Südostschweiz(in German). Südostschweiz Mediengruppe. 17 November 2017.Retrieved17 November2017.
  15. ^"Rockwool opens US$150m insulation plant in Tatarstan".Global Insulation.Pro Global Media. 5 April 2012.Retrieved16 November2017.
  16. ^"Rockwool announces leadership change: Jes Munk Hansen to become CEO".2024-02-29.Retrieved2024-08-28.
  17. ^"Раскатали вату"[Roll the cotton wool].эксперт online(in Russian). 2010.Retrieved16 November2017.
  18. ^Leong, Susanna H. S. (7 March 2008).Administrative Panel Decision: Rockwool International A/S v. kaka toys(Report). WIPO Arbitration and Mediation Center. Case No. D2008-0015.Retrieved17 November2017.
  19. ^Carabelli, Anna (22 January 2008).Administrative Panel Decision: Rockwool International A/S v. Siroc(Report). WIPO Arbitration and Mediation Center. Case No. D2007-1757.Retrieved17 November2017.
  20. ^Samuels, Jeffrey M. (29 July 2008).Administrative Panel Discussion: Rockwool International A/S v. Taher Investment, Fathi Taher(Report). WIPO Arbitration and Mediation Center. Case No. D2008-0782.Retrieved17 November2017.
  21. ^Rockwool International A/S v. Rock Wool Manufacturing Company,Civil Action No. 3:14CV185-B-V(N.D. Miss. 17 September 2015).
  22. ^"The Rockwool Foundation".Rockwool Fonden.Retrieved18 November2017.
  23. ^abMeek, James(2014).Private Island: Why Britain Now Belongs to Someone Else.London: Verso Books. pp. PT164.ISBN9781781682913.OCLC927982647– via Internet Archive (Preview).
  24. ^Daley D, Jacobsen RH, Lange AM, Sørensen A, Walldorf J (2015).Costing Adult Attention Deficit Hyperactivity Disorder.Oxford University Press. pp. PT2.ISBN9780191062735– via Google Books (Limited Preview).
  25. ^Campbell, John L.; Pedersen, Ove K. (2014).The National Origins of Policy Ideas: Knowledge Regimes in the United States, France, Germany, and Denmark.Princeton, New Jersey: Princeton University Press. p. 187.ISBN9781400850365.OCLC903292091– via Google Books (Preview).
  26. ^Booth, Michael(2015).The Almost Nearly Perfect People: Behind the Myth of the Scandinavian Utopia.New York: Picador. p. 60.ISBN9781250061973.OCLC905685687– via Google Books (Preview).
  27. ^Smith, Peter Scharff; Ugelvik, Thomas (2017).Scandinavian Penal History, Culture and Prison Practice.Palgrave Studies in Prisons and Penology. London: Springer. p. 292.ISBN9781137585295.OCLC1002816805– via Google Books (Preview).

Further reading

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