PVC Teraplast Bistrita shuts down five showrooms, postpones two openings

In the first quarter of 2009, Teraplast posted a turnover of EUR 7.1 million, down 28 percent compared to the same period of 2008. For the analyzed period, the company recorded a profit of EUR 600,000, an increase of 6 percent compared with Q1 of 2008. This year, Teraplast plans to increase its turnover by 9.4 percent, while its net profit is expected to fall by 16 percent.
Last year, Teraplast Bistrita said it was planning EUR 66 million of investments by 2013, in expanding production. Of the total sum, EUR 22.6 million was used for relocation, a process started in 2006 and completed at the end of 2008. PVC Teraplast Bistrita has been listed on the BSE since 2008, the latest capitalization being calculated at EUR 25 million, using the recent figure of RON 0.35 per share.
Magda Purice