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TeraPlast Group announces new investment project worth 12 million Euro, targets the biodegradable bags segment

TeraPlast Group announces new investment project worth 12 million Euro, targets the biodegradable bags segment
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Teraplast Folii Biodegradabile , Teraplast Group ,

TeraPlast Group received the financing agreement for the investment project worth 7.9 million Euro

TeraPlast Group received the financing agreement for the investment project worth 7.9 million Euro
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Ovidiu Gurau , Teraplast Folii Biodegradabile , Teraplast Group , Increasing Teraplast , Plast Group ,

TeraPlast cashed 373 million RON from the sale of its steel division, to award special dividend


TeraPlast Group announces the closing of the transaction for the sale of the steel products division to Kingspan Group. On February 26, the shares of TeraPlast in TeraSteel Romania and Serbia, respectively Wetterbest, were transferred to Kingspan, at which point the transaction price of 373 million RON was paid.
Following the sale, TeraPlast Group shall be redimensioned and continues its activity through TeraPlast, TeraGlass, TeraPlast Recycling, TeraPlast Folii Biodegradabile and Somplast, with a strong focus on the plastics products.
“After 2020, which was another record-breaking year in the history of TeraPlast Group, finalizing this transaction is another good news which we bring to our shareholders. We have the financial resources to finance our growth plans as well as to pay a special dividend to our shareholders. We are working relentlessly to implement the investments co-financed by the state aid scheme. One of the new lines is already producing and all productio ....

Alexandru Stanean , Teraplast Folii Biodegradabile , Teraplast Group , Kingspan Group , Acquisitions Department , Terasteel Romania , Teraplast Recycling , Extraordinary Shareholders Meeting , கையகப்படுத்துதல் துறை , அசாதாரண பங்குதாரர்கள் சந்தித்தல் ,