TeraPlast Group | News

TeraPlast Group on Tuesday reported a net profit of RON43.3 million for January-September 2021, up 41% on the year, a performance that reflects both the volume increases and the efficiency of the activity.

TeraPlast Group, Romania's largest local construction materials producer, owned by businessman Dorel Goia, has signed an agreement with lender BCR for a green financing package of EUR12.7 million.

TeraPlast Group, with its two Plastics and Steel Divisions, exceeded the turnover of RON1 billion in 2020 and its net profit doubled, to RON79 million, company representatives said Thursday.

Deloitte Romania advised TeraPlast Group, the largest Romanian producer of construction materials, in the sale of its steel division to the Irish group Kingspan, global leader in insulation and building envelope solutions, which was already present on the Romanian market. The transaction refers to the entire participation held by TeraPlast in the thermo-insulating panel factories TeraSteel in Romania and in Serbia, as well as in the metal tile producer Wetterbest. The agreement is subject to approval from the competition bodies. The value of the sold division has been assessed at 410 million lei, and the final price will be established after adjustments with the net debt and the working capital.