Release no. 15 - 2008
To NASDAQ OMX Nordic Exchange Copenhagen A/S
This is a translation of the Danish version.
Only the Danish version is legally binding.
ROCKWOOL INTERNATIONAL A/S
Hovedgaden 584, Entrance C
DK-2640 Hedehusene
Phone: +45 4656 0300
www.rockwool.com
28 August 2008
Rockwool Group entering the Indian market
The board of directors of Rockwool International A/S has today approved the
investment in a green field factory in India. The new factory will be placed on
the west coast of the Gujarat state - which has by far the highest population
in India - in a special economic zone offering proper facilities.
India has planned large industrial projects in power and chemical plants for
the next decades which will support the growth of an already buoyant market of
technical insulation. The new factory will be designed to offer the proper
product assortment to cope with this market demand. Capacity is expected around
30,000 tonnes.
This EUR 18.5 million investment will be carried through in a joint venture
between Rockwool International A/S and KAEFER Punj Lloyd Group India - one of
the market leaders in the Indian technical insulation market - which will take
25 % of the shares of the new company. The management team will be composed
exclusively of Rockwool managers.
With this investment the Rockwool Group is entering a new high potential
market, and opens opportunities for exports to the Emirates and Saudi Arabia
which are big markets for technical insulation.
Further information: Gilles Maria
CFO
Rockwool International A/S
+45 46 56 03 00
