Company history
Masterplast Kft. began operations in Székesfehérvár in 1997. The activity of the 5-man company founded by Dávid Tibor and Balázs Ács was the building material trade, the main products being roofing foils, fiberglass mesh and building industry accessory products. The small enterprise quickly became popular on the market, thanks to its customer-focused business approach, reliable products and flexible services. Dynamic growth ensued, and two years later it was a market leader in Hungary.
International expansion
International expansion of the successful business model began in 1999, and alongside powerful growth, operating with five subsidiaries by 2002 it was already covering the Carpathian Basin and the Balkan region.
By 2005 the Masterplast Group had developed into a regional level enterprise in Central Europe, and by 2022 the subsidiary portfolio still in operation today had emerged, trading in building materials across 10 countries. Since 2012 export activity has continuously expanded, due to which the company is now present in most European countries.
- Hungary 16 April 1997
- Slovakia 4 November 1999
- Romania 19 January 2001
- Croatia 25 February 2002
- Serbia 19 March 2002
- North Macedonia 29 August 2002
- Ukraine 22 March 2005
- Poland 1 July 2005
- Germany 1 July 2020
- Italy 12 April 2022
Becoming a manufacturer
Meeting the constantly increasing demand for products has posed an ever greater challenge for the international company group.
Provision of a stable background for products also in terms of quality, and a demand for expansion of the range set the company on course for becoming a manufacturer. Masterplast’s first manufacturing base began operations in Kál, Hungary in 2005, with the manufacture of expanded polyethylene foam products and dry construction profiles.
Production began in the second manufacturing base in Subotica, Serbia in 2008 with the manufacture of EPS polystyrene insulation boards and facade edge protection profiles.
From 2012 the company’s own manufacturing activity rose to a new level with the production of its fiberglass mesh range, the products with the highest weight in its turnover. Following several stages of capacity investment, Masterplast became the second largest fiberglass mesh manufacturer in Europe, with an annual manufacturing capacity of 150 million square metres.
Almost 30 years on
Twenty-five years on, the photograph of that garage in Székesfehérvár has appreciated in just the same way — the garage where two enthusiastic young men on the threshold of adulthood began to spin their world-changing plans, and where they laid the foundations of their company, Masterplast.
The acquisition carried out in Germany in 2020 laid the foundations for the company to become the third largest manufacturer of fleece and roofing foils in Europe. Its own manufacturing capabilities expanded further in 2023, when XPS production started alongside the fiberglass mesh and EPS manufacture in Serbia. The glass wool plant built in Szerencs has since begun operating, while with its own modular construction technology the company has opened up a new direction for growth in the field of prefabricated building solutions.
Through its dynamically expanding manufacturing portfolio and its further investments, Masterplast has become the largest Hungarian-owned building materials manufacturer.
Entering the stock exchange
The technical introduction of the company’s shares on the Budapest Stock Exchange occurred on 29 November 2011.
In order to finance its plans for manufacturing development, the company implemented a capital increase in a successful stock exchange transaction in 2012. Since October 2017 the company’s shares have been listed in the premium category of the Budapest Stock Exchange.
Thanks to its crisis-resistant business and continuously improving profitability, Masterplast was the share with the largest price increase on the Budapest Stock Exchange in 2020, and on 16 March 2021 the company’s shares were admitted to the BUX and BUMIX index baskets.
Our awards
- “Issuer of the share achieving the largest price increase of the year, premium category” in 2020 and 2021
- “Public share capital increase of the year” 2022
The situation today
Masterplast Group is the largest Hungarian-owned, publicly listed building materials manufacturing and trading company.
It holds a leading market position in facade thermal insulation systems, pitched roof insulation and drywall construction system components. In 2024 the company achieved a revenue of €136.1 million. With its subsidiaries it ensures direct market presence in 10 Central and Eastern European countries, and through its export partners it is present in most European countries.