Announcement – investment project laid for government assistance

Teraplast, the biggest processor of PVC in Romania, announces that, the investment project laid for government assistance, was not selected for financing.

The value of Teraplast’s project is LEI 65.63 million, the requested financing being in amount of LEI 32.63 million.

Dorel Goia, Chairman of the Board of Directors of Teraplast: “Regrettably, also in this government assistance tranche, the Romanian share capital companies were not selected for financing. We hope that in the future tranches the Ministry of Finance to find ways to support also the local companies which produce added value, not only the multinational companies”.

Teraplast Group will continue its development, for the current year being budgeted investments of almost LEI 23 million.

During the period 2007-2015 Teraplast Group invested over LEI 260 million in modernization and development.