TeraPlast Group focuses on the integration of sustainable solutions, especially the integration of more recycled material and the identification of environmentally friendly, alternative materials.
The Group will increase its R&D activity towards identifying additional applications for the use of recycled and biodegradable materials. as stated by Group representatives: “We see what’s going on in Austria, where the Government is genuinely concerned to expand the use of recycled and alternative materials. Freiler Group already has a long history in developing such solutions and so do we. This trend will surely reach Romania in the near future, so we need to be ready to supply this demand in the market” said Dorel Goia, Chairman of the Board of TeraPlast.
“We remain fully committed to being at the forefront of the use of recycled material in our products throughout the region. This commitment translates into our business operations: we own a top 5 European rigid PVC recycler, our portfolio includes products made from recycled and biodegradable materials, and we expand the use of renewable energy. These generate revenues and operational efficiencies. The acquisition of Freiler Group is in line with this commitment by gaining presence on Western markets as a strong and competitive player which champions the use of recycled materials,” added Dorel Goia.
TeraPlast Group’s sustainable development initiatives also include the reduction of power consumption from the national grid. The most recent project is the construction of a new photovoltaic powerplant in the vicinity of Saratel Industrial Park, a project co-financed through the National Recovery and Resilience Plan (PNRR) and which will become operational this year.
The Group employed 923 people at the end of last year, compared to 963 people in 2022. In the Installations segment more people were employed in 2023 while in the other segments the number of people was scaled down.