Budapest/Hungary, May 28, 2024 – RBJ – In an event that took place today in Budapest, today Alexandru Stânean, CEO of TeraPlast Bistrita, from Bistrita Nasaud county, Romania, emphasized that the Romanian company aims to become as quickly market leader in Central and Eastern Europe and, first of all, in Hungary.
Regarding the moment of reaching this goal, his lordship said: “I would like it as soon as possible, but under no circumstances further than 5 years. We still have small investments to make. We still need to build the PVC pipe factory, where the investment is approximately 3.5 million euros. I have already bought some of the machines. In a, let’s say, optimistic scenario, by the end of the year, in a less optimistic scenario, sometime in the first part of next year, we should have the PVC pipe plant operational. We have everything we need to be able to cover all the needs of the infrastructure market in Hungary, Romania and beyond. The infrastructure here allows us to be efficient within a radius of two to three countries. We loosely cover Austria, even southern Germany and Poland, Slovakia and the Western Balkans.”
He also said that the group is looking for other takeover targets in Eastern Europe: “We called a general meeting of shareholders, to increase the social capital, to attract capital, precisely to finance these acquisitions. The mission I have from the Board of Directors is that TeraPlast’s business is to expand and grow. (…) At least two projects I think are advanced enough that we have a chance to make a hill this year. It is difficult to make a very clear timeline, but we have active discussions at the moment with several targets and we are studying a lot and more”.
The TeraPlast Group is the largest polymer processor in South-Eastern Europe. The group is composed of the following companies: TeraPlast, TeraGlass, TeraPlast Recycling, TeraBio Pack, Palplast Moldova and Somplast.
At the end of March, the TeraPlast Group completed the acquisition of the Wolfgang Freiler Group, becoming today the owner of 100% of the share capital of the companies WF Kunststoff Handels GmbH, Wolfgang Freiler GmbH & Co KG, Itraco GmbH, Polytech Industrie Kft, Sorgyari Ipari Park Kft and Pro-Moulding Kft. For these shares, the TeraPlast Group paid the sum of 16.53 million euros to the Uhl family.
The group’s products reach 22 European countries, exports representing 17% of the turnover.
Since July 2, 2008, TeraPlast SA is listed on the Bucharest Stock Exchange under the symbol TRP. The company’s shares are included in the BET reference index of the Bucharest Stock Exchange, in the Small Cap and Global All Cap indices of FTSE Russell, in the MSCI Frontier IMI (Investable Market Index) indices.
