Demand for wood fiber insulation in Europe is projected to grow by 12.7% annually, resulting in nearly $1 billion in annual revenue by 2023, according to a market assessment report prepared by Freedonia Custom Research.  Several of the major manufacturers in Europe are building new production facilities to meet the growing demand in the EU, which is being driven by several factors.

GO Lab’s ability to pivot and make changes to its financial strategy in the early stages of the pandemic left the company in even stronger shape than it was before the crisis, reports Mainebiz in a feature story for the publications April banking and finance issue.

GO Lab marked an important milestone in late February, when the Dutch container ship Alamosborg arrived at the Mack Point terminal in Searsport with a lightly-used manufacturing line from Germany. The Bangor Daily News wrote a nice feature story about the significance of GO Lab’s purchase of the equipment from the German firm Homanit Building Materials GmbH & Co. and its arrival in Maine.