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Romania s TeraPlast Group eyes 57% increase in EBITDA in 2021 Teraplast Group BUCHAREST (Romania) February 18 (SeeNews) - Romanian construction materials manufacturer TeraPlast Group targets a 57% annual increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to 89.7 million lei ($22 million/18 million) this year, the group s flagship company TeraPlast [BSE:TRP] said. TeraPlast Group also expects a 65% annual jump in turnover for 2021, to 636.2 million lei, TeraPlast said in a statement filed with the Bucharest Stock Exchange on Wednesday. The forecasts are based on results from which the group excluded the 2020 figures of its steel division and window profile business, which it is close to selling. ....
Romania s TeraPlast gets nod to sell window profiles business to Dynamic Selling Group Teraplast factory, Romania Author (Teraplast.ro) License: all rights reserved. BUCHAREST (Romania) February 10 (SeeNews) - Romanian manufacturer of PVC pipes and fittings TeraPlast [BSE:TRP] said on Wednesday it has received the green light from the competition authority to sell its window profiles business to local sector player Dynamic Selling Group. The actual transfer of ownership rights will take place on March 15, TeraPlast said in a statement filed with the Bucharest Stock Exchange. On the same date, the estimated price of 4.5 million euro ($5.47 million) shall be adjusted in accordance with the working capital, TeraPlast added. ....
Romania s TeraPlast sells window profiles business to Dynamic Selling Group Teraplast factory, Romania Author (Teraplast.ro) License: all rights reserved. BUCHAREST (Romania) December 15 (SeeNews) - Romanian manufacturer of PVC pipes and fittings TeraPlast [BSE:TRP] said that it is selling its window profiles business to local peer Dynamic Selling Group for 4.5 million euro ($5.47 million). The decision comes as a result of TeraPlast’s strategy to expand to new businesses and markets, TeraPlast said in a statement filled with the Bucharest Stock Exchangem BVB, on Friday evening. The transfer will be made after obtaining the Competition Council’s approval. TeraPlast has been in talks with two companies – the world leader in the field and the Romanian producer Dynamic Selling Group. ....
TeraPlast, the parent-company of TeraPlast Group, announces the sale of its window profiles business to Dynamic Selling Group, producer and distributor of window profiles for thermal insulating carpentry. The decision comes as a result of TeraPlast’s strategy to expand to new businesses and markets. The transfer will be made after obtaining the Competition Council’s approval. TeraPlast has been in talks with two companies – the world leader in the field and the Romanian producer Dynamic Selling Group. Following the negotiation, the transaction materialized with the Romanian Group at a value of approximately 4.5 million Euro that will be adjusted on the date of the transfer, based on the actual working capital. ....