TeraPlast celebrates 15 years since its listing on the Bucharest Stock Exchange

TeraPlast, one of the most important polymer processors in the Eastern European Union and the only producer of HFFR granules in Romania, celebrates 15 years since its listing on the Bucharest Stock Exchange (BVB).

The company’s shares have been traded on the stock exchange since July 2, 2008, under the ticker symbol TRP. In the 15 years of its presence on the stock exchange, the company’s capitalization has increased more than 4 times, currently reaching a value of over 1.1 billion RON.

“TeraPlast is a Romanian entrepreneurial product that got to where it is today based on the vision of the majority shareholder, supported by the other over 13,000 shareholders and implemented by over 900 colleagues to produce an accelerated development model. TeraPlast is a mirror of the Romanian economy, with ups and downs, but with long-term orientation and resilience in difficult times. The listed company status facilitated our increase in turnover from 219 million RON in 2007 to 711 million RON last year and in assets from 170 million RON to almost 700 million RON. We invested almost 800 million RON, money that we chose not to distribute as dividends, but to use for building our future, transforming from a provincial company into the largest polymer processor in Central and South-Eastern Europe. We will continue to grow rapidly and expand, both in Romania and abroad“, stated Alexandru Stânean, CEO TeraPlast.