Insulation industry news from Global Insulation

Hungary: Masterplast has unveiled a new strategy for increasing internal flexibility and reducing exposure to an ‘extremely unpredictable’ global economic environment. MTI – EcoNews has reported that the producer will no longer publish numerical financial forecasts. It will additionally focus on inventory and cash-flow management and monitoring market feedback. Preparation is underway for ‘multiple scenarios,’ including slow, moderate and rapid global economic growth.

Masterplast expects to commence operations at its upcoming Szerencs glass wool plant in Borsod-Abaúj-Zemplén county in mid-2025.