Bullish Kingspan eyes Brazil and Russia

KINGSPAN has identified the emerging economies of Brazil and Russia as medium-term expansion targets.

Speaking on the back of a strong set of interim results, the Cavan-based building materials group’s chief executive, Gene Murtagh, said short-to-medium-term expansion would be focused on existing key markets like western Europe and North America which both saw good sales growth — by volume and value — in the first six months of 2011.

The company yesterday reported a 32% year-on-year jump in first-half group sales, boosted by acquisitions and good earlytrading momentum.