TeraPlast Group contracts five million Euro financing from EBRD
Petre Barac
Posted On April 5, 2019
The TeraPlast Group, the largest producer of construction materials with Romanian capital, signed a financing agreement with the European Bank for Reconstruction and Development (EBRD) worth five million Euro for the development of production units.
The investment targets Depaco – the second largest player in the metal roofing market in Romania, with the Wetterbest brand.
The five million Euro is the partial financing of a project implemented through a state aid scheme, which involves the development of a new production unit: new production, storage and production facilities. The production unit to be developed under the project will be built in a new location and will have a cumulative annual production of over 10 million square meters of tile and profiles.
