The Hungarian trading company and manufacturer of thermal insulation materials Masterplast has begun construction of the second phase of its logistic project in Subotica, Serbia. The cost of the investment is estimated at €8.4m. The company has just received a €2m Serbian state grant for the expansion. Completion is scheduled for the next year and will result in the creation of 205 new jobs. The factory should more than double its output of insulation material through the investment.
