Heat insulating panels and turnkey premises have increased TeraSteel’s exports
TeraPlast Company, the largest entity of the Group, is currently one of the largest PVC processors in Romania and one of the leading producers of materials for installations, constructions and design markets. The product portfolio of the company comprises three business lines: Installation & Design, Window profiles and Granules. In the past years the company has invested over 36 million euros in developing and upgrading the production facilities. Currently the Company operates in TeraPlast Industrial Park, located in the unincorporated area of Bistrita Municipality, with an area of over 20 hectares.
TeraSteel, part of TeraPlast Group, last year recorded an increase by over 53.7% in exports, amid expansion to the Serbian market. Moreover, the company posted two-digit growths for all categories of products in 2018. Thus, the volume of sandwich panel sales increased by over 54% compared to 2017, of galvanized profiles by 25% and that of turnkey solutions in the form of industrial premises, logistics or storage spaces – by over 15% in value. Turnkey premises are a modular, durable product, easy to assemble and relocate, adaptable to a wide range of needs and requirements, in line with building trends in the industry.
“Increasing the production capacity, enriching the portfolio of products and expansion on the Serbian market had a decisive contribution to the favourable evolution of the company over the past year, the results of 2018 being a proof in this regard. Expertise in the field and the dedicated team of professionals are the drivers of successes achieved in 2018 and will support our ambitious plans for development in the following years. We also have by our side a solid network of partners, so we are confident that our performance will continue, in terms of both sales and profitability,” said Cosmin Patroiu, CEO of TeraSteel.
In 2018, the sandwich panels market was strongly influenced by the dynamics recorded in the civil engineering and industrial construction sector, the company relying on growth of this segment for the following period as well.
“For Romania we expect an increase by 3-5% in the panels market, while the growth pace for Serbia is estimated to reach 10%. Through our presence in Serbia we consolidated our position on the regional markets and in 2019 we plan to continue this expansion of the distribution network,” Cosmin Patroiu said.
For 2019, TeraSteel targets a business growth by over 15%, amid investments in the industry, launching new products and advance of foreign investment, which will generate growth in the demand for products in TeraSteel’s portfolio.
In 2017, the company has expanded its presence in the regional markets, through TeraSteel Serbia, the first factory opened abroad after 1990 and fully owned by a private Romanian company. Following the expansion in Serbia, TeraSteel has become an important player on the panels market in the region, exporting to over 25 countries in Central and South-Eastern Europe.
