Competition Office Winds Up Insulation Market Probe
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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.
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