(R-L) Mr. Thomas Kahler, Chairman – ROCKWOOL Group, Mr. Darryl Matthews, Managing Director, ROCKWOOL Asia and Mr. Vinay Pratap Singh, Business Unit Director, ROCKWOOL, India

ROCKWOOL charts new growth path in India with ambitious venture near Chennai

ROCKWOOL to build new factory near Chennai, meeting increasing demand for non-combustible stone wool insulation and expanding its presence in fast-growing South Asia market.

CHENNAI, 22 August 2024: Today ROCKWOOL announced it will build a new factory located in Cheyyar, 90 km from Chennai in the southern state of Tamil Nadu. ROCKWOOL plans to invest ₹550 Crores and expects to create job opportunities for more than 150 people in the local communities. The new factory will produce ROCKWOOL’s non-combustible, recyclable, and long-lasting stone wool insulation. Start of operations is expected in Q1 2026

“India is the world’s most populated country by population, and by 2030, it is expected to be the world’s third largest economy, so the growth potential is substantial. We are currently a small player in the Indian insulation market and want to position ourselves to contribute to India creating new generations of energy efficient, acoustically comfortable, and fire-safe buildings. The Indian market’s strong potential aligns well with ROCKWOOL’s mission to provide sustainable, innovative solutions globally”, says Thomas Kähler, Chairman of the Board, ROCKWOOL Group.

With a focus on renewable energy and energy efficiency Technologies the state of Tamil Nadu is at the forefront when it comes to India’s green transition. Moreover, Tamil Nadu is one of the leading states in India to encourage innovative companies to scale up operations. The region is attracting notable industrial investment and economic development, creating employment opportunities and supportive engagement that local communities have welcomed.

“With our investment in Cheyyar, Tamil Nadu, we are enhancing local employment opportunities as well as contributing to the region’s industrial and economic advancement. We look forward to using our expertise in stone wool solutions to address India’s growing demand for energy efficiency and sustainability across various sectors. We are in it for the long-term”, says Darryl Mathews, Managing Director, ROCKWOOL Asia