Over the past five years, the group invested over RON390 million in holdings and production capacities.
During the same period, the company’s stock market capitalization increased almost six times, exceeding RON1.4 billion in 2021.
In relation to the budgeted turnover, the group’s investments in 2021 represent 25% of it and some of them are co-financed by state aid. This means that within five years, the group will contribute to the state budget with taxes from new businesses in an amount equal to the state aid received, namely EUR14 million.
“We have a history that spans three different centuries. Studies show that the average lifespan of a company in Romania is around ten years. We are part of the ones that strongly raise the average. Over time we have shown that we innovate, we open factories abroad as well, we contribute to the national economy, we perform on the capital market and bring value to our shareholders. Our business model is less common in Romania and at least in our case it proved its efficiency. We would like to see more successful models around at our 130 years anniversary and to see Romania, in terms of development and strategy, closer to the Western European countries that we admire,” said TeraPlast CEO Alexandru Stanean.
The TeraPlast tradition dates back to 1896 in Bistrita, where a Saxon craftsman opened a workshop for ceramic tiles. This workshop underwent multiple transformations in its evolution, becoming the terracotta division within the Bistrita Construction Materials Enterprise. Following the division of the latter, in 1990 it was integrated into TeraPlast SA together with the plastics processing division. At that time, TeraPlast SA had 396 employees, of which 123 in the plastics department, 194 in the terracotta department and 98 administrative and workshop staff.
Although today the TeraPlast portfolio no longer includes terracotta, the industrial tradition continues through the evolution of the plastics portfolio.
The group consists of TeraPlast, TeraGlass, TeraPlast Recycling, TeraBio Pack, and Somplast.
TeraPlast sold its Steel division in 2020 to Ireland’s Kingspan and its window profiles business line to Dynamic Selling Group.
TeraPlast Group had a turnover of more than RON1 billion in 2020 and its net profit doubled to RON79 million.