14 Mar 2008 05:03:39
Insulation sales 'expected to rise'
Sales of insulation are expected to increase in 2008, particularly as the government's low carbon policies are encouraging homeowners to do more to address their energy consumption, it has emerged.
According to the Telegraph, insulation and roofing group SIG announced pre-tax profits of £140 million in 2007 - due to a 12.9 per cent increase in the sales of insulation products in the UK and Ireland over the past year.
The increase represents a 30 per cent rise in profit for the firm and David Williams, SIG's chief executive, anticipates that 2008 could also be a strong year with regard to low carbon home improvements.
Citing tighter environmental restrictions regarding household energy use, as well as a new government pledge to make businesses zero-carbon by 2019, he predicted sales may rise in 2008, although there are rumours of an anticipated slowdown in the residential repair and maintenance market.
According to energy efficiency website DownWithCO2.com, installing adequate insulation could allow a household to cut its carbon emissions by between one and 2.5 tonnes annually.