Continuous development of expanding manufacturing activity and services

In June 2020, Masterplast Plc. founded Masterplast Nonwoven Gmbh by acquiring a 50% stake. In October 2021, the subsidiary became 100% owned by the Company.

The acquisition of the plant in German further strengthened the Company’s position as a manufacturer of multilayer membranes for the construction industry. The Company has become the manufacturer of specialised medical fleece, the basis for the Company’s entry into the healthcare industry.

In July 2020, with the acquisition of Fidelis BAU Ltd., the production technology and all the necessary authorisations required for the recycling of polystyrene waste will be available within the Masterplast Group, thus a circular business model called Hungarocell Green Programme will be implemented by the Masterplast Group.

In July 2020, Masterplast Ltd. launched logistics and infrastructure developments.

In December 2020, a major investment in the healthcare sector was launched with the establishment of a manufacturing plant to produce raw material for the manufacturing of protective equipment. In Sárszentmihály, the construction of a new 7,700 m2 production plant and the installation of a fleece production technology was implemented which is suitable to supply raw materials to the manufacturing of medical protective clothing, mouth masks and other hygiene devices used in the healthcare sector. Highly automated manufacturing technology ensures the production of single or multi-layer healthcare textiles. The healthcare textile manufacturing plant was handed over in June 2021.

In 2021, MASTERPLAST YU D.o.o. launches an investment to further improve the fiberglass mesh production. The project will increase the fiberglass mesh production capacity by 25 percent, modernise the existing weaving and coating machinery, create a modern warehouse base and a finishing department. Production is expected to start in the second quarter of 2022. With the implementation of the project the Group’s glass fabric production is planned to grow up to 150 million m2 /year, which will make Masterplast Group the second largest glass fabric producer in Europe and the third largest in the world.

In March 2021, Masterplast Ltd. launched a new investment in the healthcare industry to create new manufacturing capacity for finished products for personal protective equipment in the healthcare industry. With the creation of the new manufacturing capacity in Sárszentmihály, the production of finished healthcare products has started such as protective coveralls, medical gowns, scrubs, leg bags, head protectors and isolation sheets.

In April 2021, the Company entered into contract with the National Healthcare Service Centre for the supply of protective coveralls necessary in the protection against the coronavirus epidemic. On this basis, the Company supplied quality-certified protective clothing to the Hungarian health sector. The supply chain was controlled by the Company, and in the challenging situation due to the shortage of raw material, MOL Group supplied the polypropylene, from which Masterplast produced a double-layer breathable base textile at its plant in Germany, and then the finished products were manufactured in almost 50 domestic sewing factories.

June 25, 2021, the Company launched a project to be carried out by Masterplast Proizvodnja DOO, based in Szabadka, for the production of XPS thermal insulation material.