TeraSteel says exports reached 58 percent in 2019, plans to extend in Romania and Serbia

TeraSteel, one of the leading manufacturers of thermal insulation panels in Central and Eastern Europe (CEE), recorded exports of 58% of turnover in 2019 and continues its development plans both on the Romanian and Serbian markets.

“We are promoting exports to reduce Romania’s dependence on imports and to reduce the trade deficit that is currently over 15 billion euros. Despite the COVID-19 virus, our employees in Romania, Slovakia, Hungary, Macedonia, Poland, Ukraine, Bosnia & Herzegovina and Serbia continue their production, sale and distribution activities. During the first three months of the year, our attention was to meet our budget figures, thus contributing to the economic development of the country, because Romania must move forward,” said Cosmin Pătroiu, TeraSteel general manager.

In 2019, TeraSteel Romania and Serbia registered the best profitability margin among the companies of the TeraPlast Group. The turnover of the thermal insulation panels segment increased by 18% compared to the previous year, reaching 308.8 million RON. EBITDA increased by 42% compared to 2018, up to 37.6 million RON.

For 2020, TeraSteel Romania and Serbia have a turnover target of over 350 million RON and an EBITDA of over 44 million RON.

Post Views: 2,154

Search for an article

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

Volker Raffel, E.ON: “With a more attractive regulatory framework, Romania could unlock an additional 1 billion euros in energy network investments”

Ion Sterian, Transgaz: “Over the last 7-8 years, Transgaz has invested more than 3 billion euros, strengthening energy security across the region”

Virgiliu Ivan, Transelectrica: “Without people, even billions of euros in energy investments cannot be delivered”

George Niculescu, ANRE: “Romania demonstrates that energy transition and energy security can coexist”

INTERVIEW Răzvan Marincoi, Generatik: “The mall is slowly turning into a media asset, not just a shopping centre”

Accenture study: 74% of consumers are ready to let an AI agent shop on their behalf

INTERVIEW Andrei Berechet, Adrem: “Data center developers will be increasingly significant clients in the next three to five years”

Romanian Police and Ursus Breweries Study: Perceived traffic safety reaches a historic high in Romania, at 66%, but the main risks remain speed, inattention,...