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Knauf Insulation to close St Helens for three months

Insulation manufacturers Knauf Insulation have announced a short-term closure of their St Helens factory due to lower than expected sales.

The factory will close for three months and re-open in the first quarter of 2009.

The company says that the a significant reduction in new housing starts due mainly to the ‘credit crunch’, has been coupled with much slower sales than expected from the Government’s energy efficiency scheme – the Carbon Emissions Reduction Target.

The slowdown in the market has resulted in significantly lower than expected sales and has consequently led to an unsustainable rise in inventories.

About Fiona Russell-Horne

Group Managing Editor across the BMJ portfolio.

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