Masterplast gets HUF 4.46 bln state PPE order


Photo by Rebeca Serna/

Listed building materials maker Masterplast on Monday said it was awarded a HUF 4.46 billion contract from Hungary's National Hospitals Directorate to supply protective overalls, according to a report by state news wire MTI.

Because of a shortage of raw materials, Masterplast said Hungarian oil and gas company MOL will supply it with polypropylene for the order. Masterplast will use that to make a double-layer breathable textile at its plant in Germany, then finish the order with the involvement of close to 50 Hungarian sewing businesses.

The contract runs through September 2021.

Masterplast entered the healthcare products market last summer with its acquisition of a plant in Germany that makes fleeces used for masks and protective clothing. The company started supplying the Hungarian healthcare sector with PPE in December.

The company's shares closed up 3.92% at HUF 3,180 on Monday.


Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.