The recovered material is mainly used internally in the production of exterior sewage pipes.
TeraPlast Group recently joined UN Global Compact, a UN initiative in responsible corporate governance that so far includes over 13.000 companies and organizations from 160 countries.
“Sustainability is an integral part of our company’s strategy and development and the adherence to the United Nations initiative is natural. TeraPlast is the largest polymer processor in Eastern Europe, an area in which sustainability is at the heart of all international organizations we belong to. We are committed to delivering double-digit growth to our shareholders year after year and this growth is based on innovation and responsibility for the future,” said Alexandru Stanean, TeraPlast CEO.
The sustainable development of the group also includes the construction of a new biodegradable films factory. The project has a total value of almost EUR12 million, is currently being implemented and production is set to begin in the third quarter of this year.
TeraPlast is also expanding its production capacity for multi-layered pipes with recycled core this year through an investment project co-financed with state aid.
At the same time, TeraPlast will extend the project of photovoltaic panels on all the halls in the industrial park in Saratel, to reduce CO2 emissions by another 660 tons per year. The company currently has over 7.000 panels totaling 12.000 sqm in surface.
Other responsible development initiatives of the company include digitization of the processes, implementation of corporate governance best practices, integrated management system, responsible waste management, occupational health and safety and community involvement.