With the acquisition of Somplast, 4,000 tonnes of polyethylene production capacities were added to TeraPlast Group.

Teraplast published an announcement on Bucharest Stock Exchange announcing that they have received a favorable notice of the Competition Council for acquiring the sole control of Somplast.

As a reminder TeraPlast executed the sale order of the former majority shareholder of Somplast SA on 29 December 2020. Following the favorable notice of the Competition Council, TeraPlast exerts its control over the company.

With the acquisition of Somplast, 4,000 tonnes of polyethylene production capacities were added to TeraPlast Group. Of these, 3,000 tonnes represent the films capacity and 1,000 tonnes the pipe production capacity.

In addition, TeraPlast acquires 20,000 sqm of halls in Nasaud. TeraPlast Group is also implementing an EUR 12m investment that is co-financed through state aid for the construction of a biodegradable films factory in the Industrial Park of Saratel.

Together with the acquisition of Somplast, TeraPlast’s investment in the flexible packaging business so far amounts over EUR 13m. The flexible packaging market in Romania amounts to EUR 300m and 47% of it represent imports.