Masterplast launches another thermal insulation production with a HUF 5-billion investment

Masterplast is developing its thermal insulation supply chain by producing one of the fastest growing types of insulation material. The use of XPS polystyrene thermal insulation materials is growing at an accelerating pace due to the needs of modern architecture and the tightening energy requirements, however the production capacities are currently concentrated at foreign companies. With this development, the production of another strategically important product will be carried out, as a result, the largest Hungarian-owned building material manufacturer will be able to reduce its dependence on others and ensure its product supply from its own resources. The modern, environmentally friendly plant, which will be established at the production base in Subotica from HUF 5.05 billion, can start its operation at the beginning of 2023, with an annual production capacity of about 200,000 cubic meters. The investment is partly financed by a 50-percent non-refundable state subsidy provided by the Ministry of Foreign Affairs in the framework of HEPA Program.

The use of XPS extruded polystyrene, which is a high-load-bearing, low-water-absorbing, panel thermal insulation material, is expanding rapidly in the modern building culture. Due to its favorable physical properties, it is completely suitable for surfaces exposed to moisture or higher loads, such as thermal insulation of plinths and civil engineering, thermal insulation of loaded substrates and flat roofs, as well as green roofs. XPS polystyrene is an important component of thermal insulation systems and, due to the stricter building energy requirements, with an expanding market and without having a substitute product alternative. It is therefore the strategic importance of Masterplast, which already sells a significant amount of the product range, to provide the supply chain with its own supply base to exploit its growth potential and reduce its dependence on a purely foreign-owned manufacturing environment.

With the new production investment, the company will further expand its production complex in Subotica. In the new 3,600-square-meter plant, the state-of-the-art production line will provide an annual production capacity of 200,000 cubic meters. The factory, designed with environmental considerations in mind, will combine modern technology and a closed recycling system to ensure low environmental impact and minimal waste generation. In order to achieve the total emission and to meet customer needs, the development of the right size of storage capacity was crucial. For this purpose, the construction of a 2,000-square-foot warehouse and about 6,000-square-foot outdoor warehouse will also be carried out in the framework of the project, while a 400-square-foot office building will be built for workers and a quality control lab. Once the development is finished, Masterplast will be able to produce two important types of insulation materials, the Hungarocell and the XPS, in one plant, and therefore strengthen its services.

The investment of HUF5,05 billion is financed by the company’s own resources and a 50% non-refundable state subsidy provided the Ministry of Foreign Affairs in the framework of the HEPA Program.

“The launch of the first Hungarian-owned XPS production is an important strategic milestone for us, which corresponds perfectly with our vision. The environmentally conscious approach also played an important role in the design of the plant and in the choice of technology, and we also take care of the life cycle of the manufactured products with the help of the Hungarocell Green Program, which operates with circular economy. Thus, we can already ensure the recycling the residues derived from use, offering our consumers a unique, environmentally conscious alternative,” added Dávid Tibor, CEO of Masterplast.