Due to increased capital requirements, the two companies are considering bringing in a new investor for their joint stone wool factory.
The cooperation between Masterplast and Market was established in December 2022 with the goal of building a stone wool insulation plant with a capacity of 40,000 tons.
Meanwhile, the construction of a sister plant in Szerencs is progressing as planned. The first phase of the investment has been successfully completed. Technology testing will begin soon, aiming to start commercial production by mid-2025 as originally planned. This will mark the revival of glass wool production in Hungary after more than 15 years.