“Complementing the executive responsibilities with a position dedicated to development comes as a result of the objectives to grow the portfolio of businesses and products to capitalize on new market opportunities,” TeraPlast representatives say.
Laszlo Vajda joins the TeraPlast Group with more than 20 years of experience in polymer processing companies. Over the years, he has been responsible for production processes, overseeing investments, streamlining technical and production flows, as well as product development and quality management.
In 2015-2021, Laszlo Vajda gained strategic experience from the position of general manager, coordinating the Romanian and Hungarian business of Pipelife Group, one of the world’s leading manufacturers of plastic piping systems.
“Since we set the goal of double-digit growth per year for ourselves, the need for a development director position became obvious. Laszlo Vajda is first and foremost a professional coming from a global organization and will be an important asset in the group’s development,” says Alexandru Stanean, CEO of TeraPlast.
TeraPlast Group posted RON451 million revenue and an EBITDA of RON64.5 million in the first nine months of the year, up 46% and 32% respectively compared with the first nine months of 2020. In the same period, the group’s net profit increased by 41% to RON43.3 million, compared to RON30.6 million in the first nine months of 2020.
(English version by Loredana Fratila-Cristescu)