Stanean’s appointment comes after the company’s Board of Directors had approved the termination, through the agreement of the parties, of the mandate granted to Mirela Pop in May 2017.
Stanean joined Teraplast in 2007 and had held various top management positions within the group. Between 2014 and 2016, when he had run the Teraplast team, the company’s consolidated net profit rose to EUR8.6 million from EUR3.5 million, and its turnover grew to EUR87.8 million from EUR73.5 million.
PVC processor Teraplast Bistrita, 46.8% held by entrepreneur Dorel Goia, targets a 50% higher profit before tax in 2018, of RON22 million, individually, up 50% on the year, and a 46% higher turnover, of RON332 million, according to ZF calculations based on the company’s budget which was subject to shareholders’ vote.
Teraplast groups includes the company Teraplast (manufacturer of pipes, granules and PVC profiles), TeraSteel Romania and TeraSteel Serbia (manufacturers of sandwich panels and zincate metallic structures), the TeraGlass subsidiary (manufacturer of PVC windows and doors), the Teraplast Logistic subsidiary (has been coordinating the group’s logistic activities since June 2016), TeraPlast Hungary (distributor) and Depaco (producer of metallic tile under the Wetterbest brand).