The company rented 1,500 sqm of warehousing and 3,500 sqm of outdoor platforms.
“Although the business environment is going through difficult times, all TeraPlast Group factories are in operation and our goal is to continue production. We have ten action scenarios in view of not halting activity and emerging from the current crisis just as strong,” said Ovidiu Gurau, commercial manager at TeraPlast.
He added expansion of storage in Bucharest aims to optimize distribution to the south and southeastern parts of the country as well as in view of exports.
The lease was brokered by real estate consultancy firm Dunwell.
The leased space belongs to Mega Distribution Center, a developer with over 90,000 sqm of industrial spaces along the Bucharest ring-road and the A1 highway.
TeraPlast Group has 11 factories. It reported a turnover of RON208.9 million in the first quarter of 2020, up 20% on the year, and a net profit of RON6.1 million, up 85% on the year.