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May 30 2018, 06:30 IST/BST
Insulation has been and will remain an attractive growth category within the building materials sector. Kingspan and Rockwool offer direct and substantive exposure to this opportunity. Without ignoring the cyclicality of end-markets, the outlook for both remains favourable. While acknowledging Rockwool’s recent revival, for preference we believe that Kingspan is the better option. This is due to sustained superior cash generation and returns. Kingspan has also demonstrated greater ambition, which provides it with a deeper international platform for future expansion.