ROCA Industry invests 6.5 million euros in Moldova, aims to continue development plan

ROCA Industry, the industrial holding company for construction materials, listed on the main market of the Bucharest Stock Exchange, continues its strategic regional activities, with investments already made totalling over 6.5 million euros in the holding company’s operations in the Republic of Moldova.

The Prime Minister of the Republic of Moldova, Dorin Recean, visited the Terra Impex production unit in the Vulcănești Free Economic Zone on February 20, underlining the growing economic partnership between Romania and Moldova.

Terra is part of the holding company’s portfolio through BICO Industries, directly owned by ROCA Industry. The BICO Group entered the Moldovan market in 2022 through the acquisition of fiberglass mesh manufacturers Europlas and Terra, which later merged to form a consolidated entity under the Terra brand. This strategic merger aimed to increase production capacity, optimize operations and expand the holding company’s regional presence.

“The government supports investments that create jobs for people and develop the economy. Terra Impex is a successful Romanian business from the Vulcănești Free Economic Zone, which developed with ROCA investments. The company has ambitious development plans – it wants to increase production capacity in the Republic of Moldova in the next three years and create new jobs, in addition to the almost 190 already existing ones. It is a concrete example of a foreign investment that transforms the local business environment and contributes to the development of the economy,” said the Prime Minister of the Republic of Moldova, Dorin Recean.

The consolidated company Terra has 185 employees and has significantly expanded its production capacity to 37 million square meters annually. The objective for 2025 aims to increase production capacity, in order to transform the company into a pillar of reference at the regional level.

“These investments are part of the construction process of competitive regional champions on international markets, which ROCA has undertaken. Thus, our company, BICO Industries, already present in the Republic of Moldova through Terra, continues its development as an integral part of the holding’s vision. We intend to continue the investment plan in technology and digitalization and transform the Vulcănești factory into the largest manufacturer of fiberglass mesh in Eastern Europe. We are glad that investment initiatives are supported in the Republic of Moldova and through government programs and we are actively analyzing expansion possibilities here and for other companies in our portfolio, aiming to replicate successful models and capitalize on existing synergies”, stated Ionuț Bindea, Senior Investment Manager ROCA Investments and President of the ROCA Industry Board of Directors.

ROCA Industry directly owns a portfolio of 5 significant players in the construction field: BICO Industries (the first and largest national producer of fiberglass mesh and the only domestic producer of fiberglass reinforcement), EVOLOR (one of the largest players in the paint and varnish production industry), DIAL (producer of metal wire products), ELECTROPLAST (one of the most important producers of electrical cables), VELTA DOORS (the largest Romanian producer of doors for residential construction, result of the merger of ECO EURO DOORS with WORKSHOP DOORS).