Insulation and building company Kingspan Group plc is ramping up its commitment to the US from $750m with $1 billion of capital investment over the next 5 years.
The Cavan headquarted company pointed to Donald Trump’s ‘One Big Beautiful Act’ budget bill, saying when enacted, should make the returns even more compelling, adding that progress at its groundbreaking Roofing facilities in Maryland and Oklahoma is continuing apace and both will be in production in 2026.
Kingspan said it is closely exploring an entry to the shingles category to be potentially based at its hundred-acre roofing campus in Oklahoma.
It will target a ROCE in excess of 20% within 4 years on a $250m investment, within the overall $1 billion capital plan.
Kingspan said it expects these investments will materially contribute to the Group’s earnings over the next decade and beyond.
