{"id":54307,"date":"2023-09-11T22:34:15","date_gmt":"2023-09-11T20:34:15","guid":{"rendered":"https:\/\/bcsdh.hu\/?p=54307"},"modified":"2023-09-11T22:34:15","modified_gmt":"2023-09-11T20:34:15","slug":"strategic-collaboration-between-masterplast-and-selena","status":"publish","type":"post","link":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/","title":{"rendered":"Strategic collaboration between Masterplast and Selena"},"content":{"rendered":"

Selena Group joins professional insulation market as a manufacturer of glass wool. Within the framework of a strategic collaboration, Selena Group will acquire a 50% stake in the glass wool manufacturing project in Hungarian town of Szerencs, which was jointly announced by the parties. Through the Hungarian-Polish cooperation, the companies will jointly establish the glass wool factory in Szerencs.<\/strong><\/p>\n

The establishment of the mineral-based thermal insulation manufacturing plant was previously initiated by Masterplast through the acquisition of PIMCO Ltd. In the ongoing production development project company, Selena will carry out a \u20ac10 million capital increase, acquiring a 50% ownership stake, and together with Masterplast they will continue the investment.<\/p>\n

Sustainability aspects play a crucial role in the project.<\/em><\/strong> Glass wool, which belongs to the family of mineral-based thermal insulation materials, is highly applicable in both new construction and modernization projects aiming to enhance building energy efficiency. The market for mineral-based insulation materials is expanding in line with the increasing expectations related to energy consumption in buildings, and in previous years, supply chain operations were characterized by shortages and slower performance. One of the main raw materials for this product is waste glass, which is recycled during the manufacturing process, following the principles of circular economy. The plant will be equipped with environmentally friendly, modern electric furnace technology, partially supplied by renewable energy sources.<\/em><\/strong><\/p>\n

\"\"<\/p>\n

PIMCO Ltd. has a 4.3-hectare industrial site in Szerencs, Hungary, prepared for factory construction, supported by a non-refundable HIPA investment grant of HUF 5.645 billion, and an advanced investment project. The project company possesses the necessary construction and environmental permits, and the suppliers for the manufacturing technology have already been selected. The new plant, covering an area of 11,500 square meters and requiring a \u20ac47.5 million investment, will have an annual production capacity of approximately 19,000 tons of glass wool insulation material. It is planned to commence full-scale production in the first half of 2025. After the completion of the investment, management rights related to the joint venture will be exercised by Masterplast, and the performance of the company will be included in the consolidated results of the enterprise.<\/p>\n

\u201cWe are very proud to collaborate with Selena Group, an internationally recognized professional manufacturing partner, in the implementation of the strategic mineral wool insulation development. This is a crucial step that provides an opportunity to exploit synergies between the companies and pursue further joint development. After the successful rock wool production, we can now establish both projects with professional partners,\u201d said Tibor D\u00e1vid, President of Masterplast.<\/p>\n

\u201cThe Pimco project will strengthen Polish-Hungarian business relations and is a part of our contribution toward sustainable buildings. I am glad that Selena can move this project forward together with Masterplast, which is one of the European leaders in insulation materials. For many years, our products have not only made the work of professional contractors easier and faster, but also helped make construction more sustainable,\u201d said Krzysztof Domarecki, founder and main shareholder of Selena Group.<\/p>\n","protected":false},"excerpt":{"rendered":"

Selena Group joins professional insulation market as a manufacturer of glass wool. Within the framework of a strategic collaboration, Selena Group will acquire a 50% stake in the glass wool […]<\/p>\n","protected":false},"author":4,"featured_media":53529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[],"class_list":["post-54307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-member-news"],"yoast_head":"\nStrategic collaboration between Masterplast and Selena - BCSDH<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic collaboration between Masterplast and Selena - BCSDH\" \/>\n<meta property=\"og:description\" content=\"Selena Group joins professional insulation market as a manufacturer of glass wool. Within the framework of a strategic collaboration, Selena Group will acquire a 50% stake in the glass wool […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/\" \/>\n<meta property=\"og:site_name\" content=\"BCSDH\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T20:34:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bcsdh.hu\/wp-content\/uploads\/2023\/07\/masterplast_logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"595\" \/>\n\t<meta property=\"og:image:height\" content=\"170\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Balasfalvi-Lukacsi Mariann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Balasfalvi-Lukacsi Mariann\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/\"},\"author\":{\"name\":\"Balasfalvi-Lukacsi Mariann\",\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/#\\\/schema\\\/person\\\/34a22f1b63367fd1b15e53206e72b358\"},\"headline\":\"Strategic collaboration between Masterplast and Selena\",\"datePublished\":\"2023-09-11T20:34:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/\"},\"wordCount\":492,\"image\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bcsdh.hu\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/masterplast_logo.jpg\",\"articleSection\":[\"Member News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/\",\"url\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/\",\"name\":\"Strategic collaboration between Masterplast and Selena - BCSDH\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/bcsdh.hu\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/masterplast_logo.jpg\",\"datePublished\":\"2023-09-11T20:34:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/#\\\/schema\\\/person\\\/34a22f1b63367fd1b15e53206e72b358\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/#primaryimage\",\"url\":\"https:\\\/\\\/bcsdh.hu\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/masterplast_logo.jpg\",\"contentUrl\":\"https:\\\/\\\/bcsdh.hu\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/masterplast_logo.jpg\",\"width\":595,\"height\":170},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/member-news\\\/strategic-collaboration-between-masterplast-and-selena\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Kezd\u0151lap\",\"item\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/bcsdh-the-business-council-for-sustainable-development-in-hungary\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Strategic collaboration between Masterplast and Selena\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/#website\",\"url\":\"https:\\\/\\\/bcsdh.hu\\\/\",\"name\":\"BCSDH\",\"description\":\"Magyarorsz\u00e1gi \u00dczleti Tan\u00e1cs a Fenntarthat\u00f3 Fejl\u0151d\u00e9s\u00e9rt (BCSDH) az \u00dczleti Vil\u00e1gtan\u00e1cs a Fenntarthat\u00f3 Fejl\u0151d\u00e9s\u00e9rt hazai szervezete.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/bcsdh.hu\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/bcsdh.hu\\\/#\\\/schema\\\/person\\\/34a22f1b63367fd1b15e53206e72b358\",\"name\":\"Balasfalvi-Lukacsi Mariann\",\"url\":\"https:\\\/\\\/bcsdh.hu\\\/en\\\/author\\\/balasfalvi-lukacsi-mariann\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Strategic collaboration between Masterplast and Selena - BCSDH","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/","og_locale":"en_US","og_type":"article","og_title":"Strategic collaboration between Masterplast and Selena - BCSDH","og_description":"Selena Group joins professional insulation market as a manufacturer of glass wool. Within the framework of a strategic collaboration, Selena Group will acquire a 50% stake in the glass wool […]","og_url":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/","og_site_name":"BCSDH","article_published_time":"2023-09-11T20:34:15+00:00","og_image":[{"width":595,"height":170,"url":"https:\/\/bcsdh.hu\/wp-content\/uploads\/2023\/07\/masterplast_logo.jpg","type":"image\/jpeg"}],"author":"Balasfalvi-Lukacsi Mariann","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Balasfalvi-Lukacsi Mariann","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/#article","isPartOf":{"@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/"},"author":{"name":"Balasfalvi-Lukacsi Mariann","@id":"https:\/\/bcsdh.hu\/#\/schema\/person\/34a22f1b63367fd1b15e53206e72b358"},"headline":"Strategic collaboration between Masterplast and Selena","datePublished":"2023-09-11T20:34:15+00:00","mainEntityOfPage":{"@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/"},"wordCount":492,"image":{"@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/#primaryimage"},"thumbnailUrl":"https:\/\/bcsdh.hu\/wp-content\/uploads\/2023\/07\/masterplast_logo.jpg","articleSection":["Member News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/","url":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/","name":"Strategic collaboration between Masterplast and Selena - BCSDH","isPartOf":{"@id":"https:\/\/bcsdh.hu\/#website"},"primaryImageOfPage":{"@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/#primaryimage"},"image":{"@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/#primaryimage"},"thumbnailUrl":"https:\/\/bcsdh.hu\/wp-content\/uploads\/2023\/07\/masterplast_logo.jpg","datePublished":"2023-09-11T20:34:15+00:00","author":{"@id":"https:\/\/bcsdh.hu\/#\/schema\/person\/34a22f1b63367fd1b15e53206e72b358"},"breadcrumb":{"@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/#primaryimage","url":"https:\/\/bcsdh.hu\/wp-content\/uploads\/2023\/07\/masterplast_logo.jpg","contentUrl":"https:\/\/bcsdh.hu\/wp-content\/uploads\/2023\/07\/masterplast_logo.jpg","width":595,"height":170},{"@type":"BreadcrumbList","@id":"https:\/\/bcsdh.hu\/en\/member-news\/strategic-collaboration-between-masterplast-and-selena\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Kezd\u0151lap","item":"https:\/\/bcsdh.hu\/en\/bcsdh-the-business-council-for-sustainable-development-in-hungary\/"},{"@type":"ListItem","position":2,"name":"Strategic collaboration between Masterplast and Selena"}]},{"@type":"WebSite","@id":"https:\/\/bcsdh.hu\/#website","url":"https:\/\/bcsdh.hu\/","name":"BCSDH","description":"Magyarorsz\u00e1gi \u00dczleti Tan\u00e1cs a Fenntarthat\u00f3 Fejl\u0151d\u00e9s\u00e9rt (BCSDH) az \u00dczleti Vil\u00e1gtan\u00e1cs a Fenntarthat\u00f3 Fejl\u0151d\u00e9s\u00e9rt hazai szervezete.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/bcsdh.hu\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/bcsdh.hu\/#\/schema\/person\/34a22f1b63367fd1b15e53206e72b358","name":"Balasfalvi-Lukacsi Mariann","url":"https:\/\/bcsdh.hu\/en\/author\/balasfalvi-lukacsi-mariann\/"}]}},"_links":{"self":[{"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/posts\/54307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/comments?post=54307"}],"version-history":[{"count":4,"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/posts\/54307\/revisions"}],"predecessor-version":[{"id":54311,"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/posts\/54307\/revisions\/54311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/media\/53529"}],"wp:attachment":[{"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/media?parent=54307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/categories?post=54307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bcsdh.hu\/en\/wp-json\/wp\/v2\/tags?post=54307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}