LG Hausys bets on energy-efficient insulation panels
Korea Herald, March 29, 2015
Korean surfacing material manufacturer LG Hausys seeks to capitalize on the revival of the property market by expanding its sales of high-efficient phenolic foam insulation panels, the company said Friday.
The company expects the energy-saving and eco-friendly insulation market to grow continuously.
“It’s because the government is strengthening regulations on buildings’ energy efficiency and fire safety. Consumers are also showing more interest in cutting energy expenses,” said Kim Myoung-deuk, a senior vice president at LG Hausys.
Currently, insulation boards made from polystyrene foam and urethane have a domestic market share of 80 percent as phenolic foam panel is nearly double the cost.