Kingspan ramps up US roofing investment to $1 billion

Kingspan Group plc, manufacturer of insulation and building envelope solutions, is ramping up its commitment to the US.

The Kingscourt headquartered firm has announced this morning that it plans to increase its capital investment in the market from $750m to $1 billion over the next five years.

The One Big Beautiful Act, when enacted, should make the returns even more compelling.

In a statement this morning, the company reported that progress at its roofing facilities in Maryland and Oklahoma is continuing apace and both will be in production in 2026.

"As a consequence of the significant market and cross sell opportunity we are closely exploring an entry to the shingles category to be potentially based at our hundred-acre roofing campus in Oklahoma," a spokesperson said.

"The logistical synergies of a roofing mega-site, the largest in the US, centrally located, and a channel synergy of full spectrum commercial and residential applications will be unrivalled. It will target a ROCE in excess of 20% within four years on a $250m investment, within the overall $1 billion capital plan," they added.

It's anticipated these investments will materially contribute to the group’s earnings over the next decade and beyond.

In late April, the company issued a trading update showing group sales at €2.1bn for the first three months of 2025, putting the firm nine per cent ahead of prior year.

Last year, Kingspan grew its revenues by six per cent to €8.6bn in what the company described as a "record performance in a tough environment".

The latest investment follows reports of a slow US market for the company in the first quarter of this year.