Competition Office Winds Up Insulation Market Probe
Image by Shutterstock.com
Hungary's Competition Office (GVH) on Friday said it wound up an accelerated probe of the insulation sector launched in June amid climbing prices, according to a report by state news wire MTI.
GVH said the circumstances revealed by the probe gave no reason for the launch of an oversight procedure; however, it did identify "unfavorable" factors and made recommendations on their mitigation.
The competition office recommended insulation manufacturers place greater stress on making products from recycled materials and focus more on the impact of logistics on their businesses to cut costs.
It urged consumers to agree on the use of insulation with contractors as soon as possible during a building project and to weigh alternative insulation materials.
GVH proposed that waste management concession holders should make it easier for households to dispose of their styrene and polystyrene waste for recycling, broadening manufacturers' sources of feedstock.
It advised lawmakers to consider support for the market to even out demand ups and downs.
GVH invited input from market players on the draft report on the accelerated probe until August 15.
ADVERTISEMENT
Technical Recession Ends, KSH Confirms
India's G20 Presidency, Dawn of New Multilateralism - Narend...
Production Resumes at Ganz's Szolnok Plant
TikTok Commits to Improved Consumer Communication in Hungary
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.
