Sustainable development
In Europe, buildings generate nearly 40% of CO2 emissions. With Masterplast products and insulation systems on average up to 50% energy efficiency improvement and a corresponding emission reduction can be achieved per building. By 2030, at least 35 million buildings’ energy efficiency development will be carried out in Europe. In this respect, the proportion of buildings with adequate thermal insulation is particularly low in Central and Eastern European and Southern European countries.
Masterplast Group is constantly expanding its business activities, with launching and strengthening the healthcare industry and roofing membranes production business line in 2020-21, and with the introduction of the modular architecture business line in 2022.
Due to the resilient business model the multi-purpose use of thermal insulation materials has enabled a shift towards the production of protective clothing and hygienic textiles for healthcare. The outbreak of the pandemic and its presence as a long-term trend opened up a business opportunity for Masterplast Group.
In the long-term product portfolio design, the company takes into account the long-term requirements of the European Union, the goal of moving towards a net carbon neutrality by 2050, the Taxonomy Regulation’s requirements to join the Unified European Product Catalogue, the different readiness and income levels of the single countries. Continuous innovation and the gradual introduction of a modular architecture are a strong further step towards emissions targets and a circular economy.
Industry trends in 2021
- Favourable construction materials industry environment
- Construction sector, insulation materials industry has expanded
- Favourable tax and regulatory environment boosted the market
- Strong supply chain, high inventory levels
- Managing and offsetting the industry specific raw material shortages by efficient stock-and storage management
Risks in 2022
- High raw material prices
- High energy prices
- Rearranging and shortening supply chains
- Labour shortages among blue-collar workers
- Impact of inflation, rising interest rate environment
- Tightening energy regulation
- Prolongation of the Ukraine-Russia war
Opportunities
- Expectations for housing are rising
- Consumers’ environmental awareness is growing
- Regulatory and consumer expectations for environmental standards are growing
- Dynamic insulation market
- Subsidized building renovation programs
The objective is the continuous expansion of production capacity, supplying the market with products manufactured in-house
Construction materials industry
- Insulation industry remains the main focus area
- Expanding manufacturing capacity, expanding the range of in-house products
- Increasing application of sustainability approaches
- Expanding the production volume of thermal insulation, sound and waterproofing materials involved in future construction technologies
Modular architecture
- Waste minimisation and separate collection
- Building with excellent energy performance
- Possibility to be demolished, recycled
- Use of recycled materials
- Possibility to be standardized and relocated
Healthcare sector
- A breakthrough thanks to the acquisition of Aschersleben: production of roofing underlays and sanitary fleece starts in Germany and Hungary
- Production of disposable health care raw materials
- Start of production of finished healthcare and hygiene products: personal protective clothing, sheets and other healthcare textiles, bedding and mattress protection products
- Preparation for the recollection of distributed single-use textiles, for the production of polypropylene granules
In the modular architecture, waste minimization begins at the design stage, technological discipline in manufacturing is higher, and suppliers can deliver in an optimised size for industrialscale production. Factory production allows the professional, selective collection of the generated waste and its transfer to suppliers/recyclers. In modular construction, clear-cut design, high level supplier and in-house engineering support ensure the application of a higher energy rating. For industrial-scale factory production, the building element stock is typically sourced directly from manufacturers shortening the traditionally long supply chain. With conscious design and typically dry construction solutions, most built-up materials can be dismantled and reused with little or no damage. With a relatively small ecological footprint, the building can be relocated as needed – something that is almost impossible with traditional construction.
Investments delivered
Production of raw material for the health industry HUF 9.5 bn
Finished healthcare product manufacturing production line HUF 2.6 bn
Fiberglass mesh production development HUF 2.7 bn
Site and logistics improvements HUF 0.6 bn
New technologies introduced in 2020-21
Fleece: Faré BICO SS 3200 production line
Ready-to-wear: PLM winding-shrinking machine
Incontinence: Andritz-Diatec Underpad
Sewing/Cutting room: Sewing machine Morgan Tecnica
Sikoplast recycling machinery
Waste compactor baler