The company’s exports grew 53% in 2018, due to expansion to the Serbian market. It posted double-digit growth on all product categories, as sandwich panel sales grew 54%, zinc profiles grew 25%, and turnkey solutions for industrial, logistical and storage space grew 15%.
“Increased production capacity, a bigger product portfolio and expansion into Serbia had a decisive impact on the company’s favorable evolution in 2018,” said TeraSteel CEO Cosmin Patroiu.
In Romania, the company expects 3-5% growth on the thermal insulating panels segment and the growth rate in Serbia is seen at 10%.
TeraSteel Serbia opened at the end of 2017 and is the first Romanian-owned factory to open abroad after 1990. Following expansion to Serbia, TeraSteel became a major player on panel markets in the region, exporting to over 25 countries in Central and Southeast Europe.
TeraPlast Group’s steel division consists of TeraSteel Romania, TeraSteel Serbia and Depaco. The steel division was the main driver of the group’s sales in 2018, with RON483 million, up 181% on the year.