IKO PLC, the roofing, waterproofing and insulation products, has begun building a 470,000ft² PIR insulation factory at the Alconbury Weald development in Cambridgeshire.
The company held a ‘Spade in the Ground’ event on Friday 10th March to mark the start of construction of the factory which represents a £30 million investment by IKO PLC and will make a significant contribution to the construction industry and the local community - creating up to 160 jobs in the area.
“I’m delighted to mark the start of construction of the new IKO enertherm insulation factory with an event which involves key members of the local community,” said Andy Williamson, IKO UK group managing director. “The development of this plant is a great example of UK manufacturing.”
When fully operational, the Alconbury plant will produce insulation for around 40,000 homes a year in the UK. This will have a major impact on helping the Government achieve the Climate Change Act’s current target to reduce carbon emissions by 80% by 2050. By manufacturing the insulation boards in the UK, the factory will also help reduce the environmental impact and cost of importing materials from abroad.
Jonathan Djanogly, MP for Huntingdon, together with councillors and media representatives, attended the event.
Construction of the factory is due to be completed in September 2017 and its official opening is planned for March 2018.