Romanian company Teraplast expands its activities to Serbia investing 15.9 million euro

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The Romanian manufacturer of plastic products Teraplast announced its decision to expand its production to Serbia as part of its plans to increase its export, BalkanEngineer.com learned from SeeNews.com. The company intends to invest 15.9 million euro in this project in 2017.

Teraplast was established in 1896 in the northern Romanian city of Bistritsa as a factory for the production of ceramic tiles. In 1999 the company acquired 50% of the manufacturer of plastic pipes Politub. In 2007 Teraplast also obtained 70.42% of the insulation panels maker Plastistem whose production was later reorganized to sandwich panels with a polyurethane foam core.

Currently, the total area of the ​​enterprises controlled by Teraplast SA group in Romania is over 200 000 square meters.

Source of pictures: Teraplast