Kingspan has announced the acquisition of Fatek Advance Insulation Co., Ltd., a Thai manufacturer of insulated panels. The strategic move, which went into effect on April 10, 2024, represents a critical milestone in the endeavour of Kingspan Insulated Panels Asia to provide building envelope and high-performance insulation solutions.
With a factory located in the Rojana Industrial Park in Ayutthaya, Fatek is a leading manufacturer of insulated panel solutions in Thailand, producing PIR roof, wall, and coldstore panels.
Gene Murtagh, the Kingspan Chief Executive Officer commented: “This acquisition represents an exciting next step in our strategy to widen our global footprint in the Southeast Asia region. This acquisition, alongside the commissioning of our Kingspan Phu My greenfield manufacturing site in Vietnam at the end of April, provides a vast opportunity for more sustainable and energy efficient building envelope solutions to the market. By combining our drive to innovate with the dedicated teams and expertise within Fatek, we are looking forward to building and developing an even stronger foothold in the market.”
Source : Kingspan
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