# Masterplast and Selena Group build glass wool plant in Szerencs

Masterplast and Selena Group are building a glass wool production plant in Szerencs, Hungary. The €47.5 million facility will have an annual capacity of 19,000 tonnes and create over 100 jobs.

- Type: New facility
- Announced: 2024-05-27
- Where: Szerencs, Hungary
- Value: $51.5M (47.5M EUR)
- Jobs: 100
- Starts operating: Q1 2025
- Status: under construction
- Capacity: 19,000 tonnes per year
- Products: glass wool thermal insulation
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Masterplast](https://endata.com/companies/47722.md) (partner)
- [Selena Group](https://endata.com/companies/62284.md) (partner)

## Sources

- [buildingconnections.eu](https://buildingconnections.eu/en/mi-epul/2024/05/27/elerte-a-legmagasabb-pontjat-szerencs-lengyel-magyar-gyarepitkezese/), 2024-05-27: "The plant, capable of producing 19,000 tonnes of thermal insulation material per year, could start producing in the first half of 2025 with a workforce of more than 100 people."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.