TeraPlast Group

The European Bank for Reconstruction and Development increased total financing to Romanian construction materials producer TeraPlast to EUR 16 million, including a EUR 5 million loan for a new production unit at Depaco, EUR 5 million for TeraSteel Serbia, and EUR 6 million for increasing existing production capacities.

TeraPlast Group signed a EUR 5 million loan agreement with the EBRD to finance a new production and storage facility for its subsidiary Depaco, which will have a capacity of 10 million square meters of roof tiles and profiles.

TeraPlast Group will submit three investment projects totaling EUR 15 million under Romania's State Aid program, including EUR 6.2 million for plastics division equipment, EUR 5.2 million for Depaco's new tile production facility in Baicoi, and EUR 3.5 million for TeraGlass's new automated window and door production.