Published: November 29 2023
Masterplast, a Hungarian insulation manufacturer, is expanding its presence in Italy with the inauguration of a new polystyrene insulation materials plant in Calerno.
Investment and export records in Hungary
Hungary is experiencing a significant increase in investment and export records, with working capital doubling from last year's EUR 13 billion. Hungarian exports have also increased from EUR 142 billion in 2022 to EUR 150 billion in 2023.
Masterplast's greenfield investment in Italy
Masterplast's new plant in Calerno is part of the company's investment strategy and positions them as an important player in the industry. The company plans to further expand its insulation materials production base in the country to meet the strong demand for energy-efficient building products.
Focus on distribution and logistics in Italy
Masterplast's Italian subsidiary will primarily focus on distributing the insulation products manufactured in-house. The company aims to develop an efficient distribution and logistics system to support its market activity in Italy.
Expansion of production capacity
Masterplast has manufacturing operations in five countries, and in the past two years, it has tripled its production capacity for thermal insulation materials. The company continues to make improvements and enhancements to meet the growing demand in the market.
Questions & Answers
What is the investment and export record in Hungary for this year? According to Tamás Menczer, Minister of State for Bilateral Relations, the working capital coming into Hungary is expected to double last year's EUR 13 billion record.
How much did Hungarian exports increase from 2022 to 2023? Hungarian exports increased from EUR 142 billion in 2022 to EUR 150 billion in 2023.
What did Masterplast inaugurate in Calerno, northern Italy? Masterplast inaugurated a EUR 3 million polystyrene insulation materials plant in Calerno, northern Italy.
What is Masterplast's role in the investment strategy of Hungary? According to Tamás Menczer, Masterplast is an important player in the investment strategy of Hungary and a key export partner of the government.
What does Masterplast plan to do in terms of expanding its insulation materials production base? Masterplast plans to further expand the capacity of its insulation materials production base in Hungary.
What market activity will be focused on by Masterplast in Italy? The market activity of the Italian subsidiary of Masterplast will focus mainly on the distribution of insulation products manufactured in-house, supported by the development of an efficient distribution and logistics system.
How many countries does Masterplast have manufacturing operations in? Masterplast currently has manufacturing operations in five countries.
What has been the improvement in Masterplast's production capacity for thermal insulation materials in the last two years? Masterplast's production capacity for thermal insulation materials has tripled with improvements in the last two years.