Teraplast Group, the largest PVC processor in Romania and one of the leading manufacturers of materials for construction and installation market, closes 2017 with an EBITDA of RON 41 million, a press release informs.
The Group estimates an increase of over 100 percent of EBITDA in 2018, after in prior year it massively invested in a series of important acquisitions, which will have a major contribution to Group’s results in 2018: stake of 67 percent in Depaco, the plant of sandwich panels Terasteel Serbia, Politub business and PVC recycling plant.
The consolidated global result of Teraplast Group for 2017 presents a turnover of RON 427 million, an increase of 7 percent compared to prior year.
The Group’s consolidated EBITDA decrease is due to the unfavorable evolution of TeraPlast on the backdrop of unfavorable market conditions. For 2018, the company expects a savings of at least EUR 1 million with raw material as a result of the commissioning of the recycled PVC section in November 2017.
“We entered in 2018 as one of the top 10 European recyclers and with a structured product portfolio so that we can meet the current market challenges”, Mirela Pop, General Manager of TeraPlast, stated.
The TeraPlast Group proposes for the year 2018 a turnover of over RON 900 million. The Group’s product portfolio is structured on seven business lines: installations & improvements, joinery profiles, granules, thermal insulation panels, zinc coated metal structures, thermal insulation joinery and metal tile with the Wetterbest brand, holding top positions in most of these markets.
The parent company TeraPlast is the market leader on the outer sewer and granule segments, and is the second player on the domestic sewer market. Subsidiary TeraSteel is the second player in the sandwich panel market and the market leader in galvanized metal structures.