- CEO
- Dávid Tibor
- Full Time Employees
- 1,325
- Sector
- Process industries
- Industry
- Industrial specialties
- Address
- Sarszentmihaly Hungary
- IPO Date
- Nov 29, 2011
- Business
- Masterplast Nyrt. (MASTERPLAST.BD) manufactures and distributes building insulation materials and construction products across Central and Eastern Europe. Founded in 1997 and headquartered in Sárszentmihály, Hungary, the company operates through subsidiaries in 10 countries, with additional export presence in most European markets, and maintains production facilities in Hungary, Serbia, and Germany. Its core offerings encompass facade insulation systems featuring EPS polystyrene, EPS graphite polystyrene, and mineral wool cores compliant with European ETICS standards; roofing foils and elements including vapor diffusion permeable, vapor barrier, and traditional foils in over 40 types; dry construction systems for interior applications; heat, sound, and waterproofing insulation materials such as EPS, XPS, glass wool, mineral wool, and foamed polyethylene; construction accessory products like lightweight concrete, wood wool insulation, construction foils, plastering profiles, adhesives, geotextiles, and glass fabrics; and industrial products including high-density foamed polyethylene for packaging. The company also provides complementary services such as customer-centered sales, continuous quality control, flexible logistics, technical support, and a focus on sustainability, energy efficiency, and environmental protection.
In recent developments, Masterplast signed a strategic cooperation agreement with the Hungarian government in December 2025, becoming its 100th strategic partner to bolster long-term development and presence in Hungary. The company completed the merger of a subsidiary in November 2025 and continues major capital investments, including a EUR 49 million mineral wool production project in Halmajugra, Hungary, in partnership with Market Építő, with operations slated for the first half of 2025; a EUR 47.5 million glass wool facility in Szerencs, Hungary, following the January 2023 acquisition of PIMCO Ltd. and supported by EUR 14.4 million in state aid; and expansions such as the May 2023 opening of an XPS facility in Subotica, Serbia. Additional strategic moves include full ownership acquisition of its German factory in 2021, entry into the healthcare sector with sanitary textiles and hygiene products since 2020, and a 2023 partnership with Selena Group for glass wool manufacturing. These initiatives underscore Masterplast's expansion into fibrous insulation segments to meet rising demand in the Central Eastern European construction market, where it holds leading positions in facade thermal insulation, pitched roof insulation, and dry construction components.