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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romanian group TeraPlast prepares EUR 20 mln investments to diversify production range

Romanian construction materials producer TeraPlast announced that it prepares EUR 20 million to increase and diversify its range of products.

It will finance 52% of the investments from its own resources - but the company will also apply for the state support under the scheme designed to support investments with a major impact on the economy.

The three projects will positively impact Romania's trade balance, as the country currently imports the products TeraPlast wants to start making.

"We are looking forward to the Government launching the program. We trust the state's confidence in local companies," said TeraPlast CEO Alexandru Stanean.

The projects prepared by TeraPlast aim to expand the production capacity for granules, following which it will introduce a new range of granules for biodegradable foils on the Romanian market. The company will also expand the portfolio of pipes and fittings. For these product ranges, imports cover more than 90% of the local demand.

The company will also expand its production capacity for fittings and multilayer PVC pipes and intends to access new markets.

In 2018, TeraPlast Group received state grants for three investment projects implemented by its Wetterbest, TeraPlast, and TeraGlass units. The total value of investments was over EUR 13 mln in expanding the production capacity. For the three projects, the group received a total state aid of about EUR 6.2 mln.

[email protected]

(Photo source: the company)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Romanian group TeraPlast prepares EUR 20 mln investments to diversify production range

Romanian construction materials producer TeraPlast announced that it prepares EUR 20 million to increase and diversify its range of products.

It will finance 52% of the investments from its own resources - but the company will also apply for the state support under the scheme designed to support investments with a major impact on the economy.

The three projects will positively impact Romania's trade balance, as the country currently imports the products TeraPlast wants to start making.

"We are looking forward to the Government launching the program. We trust the state's confidence in local companies," said TeraPlast CEO Alexandru Stanean.

The projects prepared by TeraPlast aim to expand the production capacity for granules, following which it will introduce a new range of granules for biodegradable foils on the Romanian market. The company will also expand the portfolio of pipes and fittings. For these product ranges, imports cover more than 90% of the local demand.

The company will also expand its production capacity for fittings and multilayer PVC pipes and intends to access new markets.

In 2018, TeraPlast Group received state grants for three investment projects implemented by its Wetterbest, TeraPlast, and TeraGlass units. The total value of investments was over EUR 13 mln in expanding the production capacity. For the three projects, the group received a total state aid of about EUR 6.2 mln.

[email protected]

(Photo source: the company)

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