Rockwool-Russia

Rockwool has 60 years of experience in the production of mineral wool insulation based on rocks of the basalt group. The history of the Rockwool group of companies began in 1909 with a gravel quarry on a small island in Denmark. The first factory for the production of thermal insulation based on stone wool was founded in 1937 in Denmark, in the city of Hedehusen.

For more than sixty years, the company has grown significantly, and now 22 factories in 14 countries of the world produce products under the Rockwool brand. Trade offices are located in 21 more countries. The total number of employees is 7,500. The Rockwool group of companies includes divisions that are engaged in the production of thermal insulation (Rockwool), acoustic ceilings (Rockfon), the production of substrate for the horticultural industry (Grodan), the production of special technical fiber, facade panels (Rockpanel), the production of systems for reducing noise and vibration levels of roads and railways (RockDelta). The special division of BuildDesk is engaged in the provision of services in the field of architecture and design.

Business in Russia

In Russia, Rockwool has been known since the 70s - then the products were supplied to the Soviet Union for the shipbuilding industry. In 1995, a trade office was opened, and in 1999 - the first Russian Rockwool plant in the city of Zheleznodorozhny, Moscow Region. In 2006, the opening ceremony of the second Russian production took place in the city of Vyborg, Leningrad Region. And already on August 11, 2010, the third ROCKWOOL plant in Russia was officially opened. It is located in the city of Troitsk, Chelyabinsk Region.

Currently, the Russian division of ROCKWOOL ranks third in sales throughout the group - 7% of total sales. The high quality of products and services provided allowed the company to take a leading position in the country. Currently, the company occupies a leading position in the Russian insulation market, entering the top three of its strongest players.

2025: Loss of assets of €469 million

On December 31, 2025, the president Russia Vladimir Putin signed a decree introducing external management in relation to the Russian assets of the international group Rockwool, specializing in insulating materials. Temporary control passed to the company "Development of construction assets." A representative of the Rockwool group estimated losses from the loss of control over Russian assets at €469 million.

According to Kommersant, Rockwool intends to withdraw the lost assets from its consolidated statements. The general director of the company, Yes Munk Hansen, called the decision of the Russian authorities illegal and announced his intention to use all available legal mechanisms to protect property. Hansen also admitted that the decision to transfer assets could be caused by the financial support of the company for the restoration of Ukraine.

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Фото: Rockwool

Natalia Correcko, managing partner of the Amendment Business law firm, considers the sale of Rockwool assets to new Russian owners to be the most likely scenario. According to investment banker Ilya Shumov, the cost of Rockwool's Russian business is 50-60 billion rubles. Infoline-Analytics CEO Mikhail Burmistrov notes that, despite some difficulties in the thermal insulation market, the company's production facilities remain attractive to potential buyers.

The new interim manager, Construction Asset Development, was created in Moscow in September 2025. The external management mechanism assumes that the formal ownership of the former owner remains, but key corporate decisions and asset management move to the assigned structure. According to Mark Vaskovsky, adviser to the law firm Kosenkov and Suvorov, the decision to introduce external management is aimed at protecting Russia's economic interests under sanctions pressure.^[1][2][3][4]

Links

Official website

Notes