Kingspan eyes up Latin American push on back of latest annual growth

Kingspan has identified Latin America as the likely next step in its ongoing geographical expansion, with a presence in both Brazil and Mexico likely to be taken over the next few years.

On the back of a strong set of annual results — showing a fifth consecutive year of double-digit profit growth and a 6% jump in group revenues — management suggested to analysts yesterday that it is considering building a manufacturing facility in Mexico, but that such a move might not be for another few years or so.

Currently, Kingspan services the Mexican market from its base in Florida. That will continue to be the growth channel for Latin America in the coming year or so, with the building of a new greenfield plant in Mexico possible if that market shows decent growth.