“(…) My expectations envisage completing this investment, achieving business objectives, expanding TeraSteel teams and strengthening relations with business partners,” says Cosmin Patroiu, the company’s CEO.
Previously, he specified a team made up of 60-65 people would be needed for the new plant. The investment in the new production unit amounts to over EUR20 million. The production capacity will be expanded by over 1.8 million square meters of thermal insulating panels and mineral wool.
The company last year boosted its sales volumes, but saw its turnover go down amid commodities prices fluctuations.
(English version by Catalina Apostoiu)