ROCKWOOL to Acquire Top Vietnamese Stone Wool Manufacturer

ROCKWOOL will acquire Khai Hoan Insulation, located near Ho Chi Minh City, marking the company's first production facility in Vietnam. This acquisition aligns with ROCKWOOL’s strategy to expand its presence in the region and complements its existing operations in the country.

"Over its 23-year history, Khai Hoan Insulation has played an important role in building up the stone wool insulation sectors in Vietnam. Its quality products serve insulation sub-sectors including buildings, industrial, and marine offshore. We look forward to welcoming the Khai Hoan team into ROCKWOOL"

Vietnam is one of Southeast Asia's fastest-growing nations. Integrating Khai Hoan Insulation and its 125 employees into ROCKWOOL will support the company’s regional growth and export ambitions. With Vietnam's strong economic outlook, including a projected 5.5% GDP growth in 2024 and significant urbanization, ROCKWOOL is well-positioned to expand its footprint in Vietnam and Asia. This strategic move strengthens ROCKWOOL's ability to seize opportunities and deliver greater value to customers and suppliers.

Source: ROCKWOOL International A/S