TeraPlast group will use the money raised from the share capital raise to fund its development plans and support current activity, maintains Alexandra Sica, IR & sustainability manager at TeraPlast.
Sipex, a major building materials wholesaler in Romania, has sealed a strategic partnership with TeraPlast, via which it will expand the portfolio of products sold through the 12 logistic centers.
Building materials manufacturer TeraPlast, controlled by Dorel Goia, is investing around EUR15 million in a new factory and a photovoltaic plant this year.