The implementation of the project will be completed in February 2022.

TeraPlast Group, will build a new factory within the TeraPlast Industrial Park in Saratel, Bistrita-Nasaud county. The project for the new production unit is worth EUR 9.8m. The products manufactured in the new unit address the water, irrigation and gas networks. The investment includes both new buildings and the acquisition of high productivity equipment. To achieve this, TeraPlast submitted an investment project within the state aid scheme.

The implementation of the project will be completed in February 2022.

In the first 9M of 2020, the Group registered a turnover of EUR 167.6m, representing an increase of  14% YoY. The Group’s EBITDA increased by 46% in the same period, up to EUR 20.3m, while net profit reached EUR 12.4m. For FY 2020 the Group estimates EUR 225m in turnover and EUR 28m in EBITDA. The consolidated net profit estimated for 2020 is EUR 17m, which is double compared to 2019.