Building company silent on future of Gowna factory

A prominent Cavan based building provider has refused to comment over speculation on the future of an insulation factory in Loch Gowna.

A prominent Cavan based building provider has refused to comment over speculation on the future of an insulation factory in Loch Gowna.

Representatives acting on behalf of Kingspan declined to answer questions in relation to the future of the plant after it took over market rival CRH's European insulation manufacturing business for a reported €120m in November.

A spokesperson said the company would not be making any statement about the acquisition and whether restructuring of CRH's homegrown assets were likely to result in sizeable redundancies.

This, despite a statement from CRH received by the Leader at the start of November confirming the Loch Gowna site together with its umbrella firm, Aerobord Ltd had in fact been included in the deal.

Since Christmas, it's also believed up to 15 staff members on the payroll of the lakeside facility were informed of the threat of closure in late November, barely three weeks after Kingspan agreed a fee with CRH bosses for its European division.

"We were just told the building trade had gone and that was it basically. It was a shock and a disappointment but what can you do?" one employee said.

At the height of the boom, the plant which is located on the shores of Loch Gowna had well over 20 production and administration staff on its books as well as a busy three shift schedule.

Having operated as a subsidiary of CRH for almost three decades, doubts over the future of the plant arose on several occasions in recent months as the local construction industry began to flounder.

Despite no official confirmation having been made about the future of the facility, it's believed only a skeleton staff will remain in place until mid February. After that, the future of the plant remains uncertain.