TeraPlast group will use the money raised from the share capital raise to fund its development plans and support current activity, maintains Alexandra Sica, IR & sustainability manager at TeraPlast.
Sipex, a major building materials wholesaler in Romania, has sealed a strategic partnership with TeraPlast, via which it will expand the portfolio of products sold through the 12 logistic centers.
TeraPlast group in 2022 posted RON711 million turnover, up 16%, while its net profit slumped by 64% to RON15.4 million.
Building materials manufacturer TeraPlast, controlled by Dorel Goia, is investing around EUR15 million in a new factory and a photovoltaic plant this year.