CHICAGO (Aug. 7, 6:05 p.m. EDT) — UniTherm Insulation Systems Inc. of Lewisville, Texas, set up a joint venture for the European market and is working to establish an Asian presence.
In February, UniTherm and Iso Covers Ltd. of Manchester, England, agreed to market UniTherm products in Europe. And by the end of the year it hopes to have a manufacturing start in China, said UniTherm President Dan Sherrill.
At the show, Sherrill touted the company's insulation blankets, which he said can generate a payback in less than 12 months with energy cost savings of at least 35 percent.
UniTherm employs 29. Sherrill said he expected a sales increase of more than 22 percent for the 12 months ended June 30 vs. the previous year.