“We are carrying out an investment of EUR11 million, co-financed by the state aid scheme, in a stretch film factory. We have completed the design phase, now it’s time for the actual construction and equipment. The factory will have two production lines for polyethylene film for industrial use, mainly used for packaging palletized goods,” says Alexandru Stanean, CEO of the TeraPlast group.
TeraPlast received approval in spring 2022 for funding under the state aid scheme that will cover the entire investment in the stretch film plant. Construction of the new plant started in the industrial park in Saratel, Bistrita-Nasaud, last year and the facility will have an annual capacity of over 14,000 tons.
The second major investment will be a new photovoltaic power plant, a project worth over RON19 million (around EUR4 million), for which TeraPlast submitted a request for funding through the NRRP and is still awaiting approval.
(English version by Loredana Fratila-Cristescu)