ROCKWOOL – stone wool factory in Pićan, Istria Bartosz STENTOFT Project director ROCKWOOL ADRIATIC d.o.o

ROCKWOOL – ROCKWOOL – stone wool factory in Pistone wool factory in Piććan, Istriaan, Istria

Bartosz STENTOFTBartosz STENTOFT

Project directorProject director

ROCKWOOL ADRIATIC d.o.o.ROCKWOOL ADRIATIC d.o.o.

The Rockwool Group

The world’s leading manufacturer of stone woolThe world’s leading manufacturer of stone wool

Turnover DKK 11 billionTurnover DKK 11 billion

Balance DKK 8 billionBalance DKK 8 billion

Equity capital DKK 6 billionEquity capital DKK 6 billion

8,000 employees8,000 employees

23 factories in 14 countries23 factories in 14 countries

Sales companies and offices in further 21 countriesSales companies and offices in further 21 countries


The Rockwool Group was founded in 1909. The first stone wool production started in Hedehusene near Copenhagen in 1937.


The Group’s Mission

The Rockwool Group must be the preferred The Rockwool Group must be the preferred supplier of products, systems and solutions for supplier of products, systems and solutions for improved energy efficiency, acoustic improved energy efficiency, acoustic performance and fire safety in buildings.performance and fire safety in buildings.


The Rockwool® factories and sales offices

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Sales companies and sales officesS

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Malaysia

Factory under construction or in associated company

Factory


Historic Summary

1909 The company is founded in Hede-husene, Denmark, by Valdemar Kähler

& H.J. Henriksen 1938 Start of production in Larvik, Norway 1954 Deutsche Rockwool starts production in

Gladbeck, Germany 1962 Rockfon acoustic ceilings are introduced 1969 Grodan horticultural substrates are added

to the product range 1971 Rockwool Lapinus in Roermond, Holland,

today the world’s largest stone wool manufacturer, is acquired

1979 The Group builds a new factory in Bridgend, Wales, United Kingdom

1980 New-built factory in St. Eloy-les-Mines, France

1988 First factory outside Europe: Roxul Inc. in Ontario, Canada

1991 Establishment in Eastern Europe. The stone wool factory in Flechtingen in the former GDR is acquired

1993 Poland’s largest stone wool factory is acquired

1995 The Group acquires a stone wool factory in Malkinia in Eastern Poland

1997 The Group purchases the Hungarian factory Isotechnik in Western Hungary

1998 The Group takes over the majority of shares in the Czech factory Prefizol

1999 The Group acquires the majority of shares in Russia’s largest stone wool factory

1999-2000 Building of factory in Caparroso, the Navarra region, Spain

1999 Acquisition of stone wool factory in Cagliari, Sardinia, Italy

1999 Acquisition of the Grand Forks plant in British Columbia, the Group’s second factory in Canada

2000 Acquisition of factory in Melaka, Malaysia 2003 Acquisition of factory in Tapolca, Hungary 2004-2005 Building of factory in Vyborg, Russia August 2005 Construction in Istria


General Building InsulationGeneral Building Insulation


Facade Insulation


Insulation of External Roofs


Industrial Insulation


Raw materials

Diabase Lime

Coke Recycling briquettes

Chimney

Filter

Raw m ateria ls ilos

Raw material supply Weigh ingconveyor

Binder+ oil

Sp inner

Spinning chamber

Curingoven

Design cutting machinery

Packing

Special machinery

Direct load ing

Environm ental burner

Cupola furnace

Coo ling zone

Recycling Recycling of insulation waste from building sites

The Rockwool® Production Process


Key points from investors point of view:Key points from investors point of view: Support from authoritiesSupport from authorities

Assignment of 1 contact personAssignment of 1 contact person Assistance establishing contacts to key persons Assistance establishing contacts to key persons

Availability of landAvailability of land

Land ownership issuesLand ownership issues

Investment incentivesInvestment incentives

Infrastructure: energy, roads, utilitiesInfrastructure: energy, roads, utilities

Workforce availability and qualificationsWorkforce availability and qualifications

Local co-operation partners – outsourcingLocal co-operation partners – outsourcing

Time frame – duration of the decision taking processTime frame – duration of the decision taking process

Total investment profitabilityTotal investment profitability


Employment – ROCKWOOL investment in PiEmployment – ROCKWOOL investment in Piććanan

Employment: Employment:

During the erection phase: up to 300 employeesDuring the erection phase: up to 300 employees

Starting up day: 130 jobsStarting up day: 130 jobs

After 5 years: up to 200 jobsAfter 5 years: up to 200 jobs

Indirect employment originated in the surrounding area: up to 100 jobsIndirect employment originated in the surrounding area: up to 100 jobs

Split of the labour force:Split of the labour force:

Engineers and technicians: 30%Engineers and technicians: 30%

Qualified blue collar employees: 25%Qualified blue collar employees: 25%

Non qualified blue collar employees: 45%Non qualified blue collar employees: 45%


Investment Investment – ROCKWOOL investment in Pi– ROCKWOOL investment in Piććanan

Approximately 75 million euro:Approximately 75 million euro:

52%: machineries52%: machineries

29%: buildings29%: buildings

19%: auxiliaries19%: auxiliaries

Land: 49 HaLand: 49 Ha

15 ha storing area15 ha storing area

12 ha industrial facilities12 ha industrial facilities

Rest: future enlargementsRest: future enlargements



Why Adriatic region?Why Adriatic region?

• Lack of capacity

• Increase of the sales in the area

• Huge potential for the future

• Strategically situation


Agencies approached during the project phase:

IDAIDA

APIUAPIU

Ministry of EconomyMinistry of Economy

Royal Danish Embassy – The Trade OfficeRoyal Danish Embassy – The Trade Office


www.rockwool.comwww.rockwool.com

www.rockwool.hrwww.rockwool.hr


Documents

ROCKWOOL – stone wool factory in Pićan, Istria Bartosz STENTOFT Project director ROCKWOOL ADRIATIC d.o.o