By Emea Riga
The Teraplast Group, the largest PVC processor in Romania and one of the main manufacturers of building and installation materials, opened on October 11 the TeraSteel Serbia plant, specializing in the production of sandwich panels. This is the first foreign factory inaugurated since 1990 and fully owned by a Romanian company.
"The expansion of Teraplast's activity in Serbia with the opening of the Leskovac plant is a new step in our development process, in line with the long-term objectives of the group. In 2018, for TeraSteel Serbia, we are targeting sales of 28 million euros, and with respect to the markets served, most of the panels produced in this plant will go to the Serbian market but also to export to countries in the Balkan region, said Dorel Goia, Chairman of Teraplast's board of directors.
The factory in Serbia has a production capacity similar to that of the subsidiary TeraSteel Bistrita, one of the leaders in the sandwich panel market, ie 2.2 million sq m / year, and similar machines. TeraSteel Serbia will mainly serve countries such as Serbia, Bulgaria, Macedonia, Bosnia, Croatia and Montenegro, as well as secondary markets such as Hungary, southern Romania and northern Greece. Sandwich panels are used to build industrial buildings, such as halls, warehouses, shopping centers and cold stores.
"Leskovac once again showed that it is an opportune city to attract investment, proof that our Romanian friends chose to open a factory here. A satisfied investor will always attract other potential investors, so we will ensure that TeraSteel will benefit from all the necessary conditions for the activity in our city, "said Goran Cvetanovic, Mayor of Leskovac.
In June 2017, the Teraplast Group bought with 4.3 million euros the manufacturer of sandwich panels Interlemind from Serbia. The plant will benefit by the end of this year of 2.7m euros in development and a working capital of 4m euros.
About Teraplast Group:
With a tradition of 120 years, the Teraplast Group is currently the largest PVC processor in Romania and one of the most important manufacturers of materials for the construction and installation market. The Group's product portfolio is structured on six business lines: Plumbing & Fittings, Joinery Profiles, Granules, Heat Insulating Panels, Galvanized Metal Structures and Insulating Joinery.
The production facilities of the Group's companies are located in Teraplast Industrial Park, developed on an area of over 200,000 square meters, in the outskirts of Bistrita. Between 2007 and 2014, Teraplast Group invested more than 260 million lei in the development and upgrading of production capacities, but also in expanding the product portfolio. Starting with July 2, 2008, the largest company in the Group - Teraplast is listed on the Bucharest Stock Exchange under the TRP symbol.