TeraPlast – the only Romanian company part of The European Plastic Pipes and Fittings Association (TEPPFA)
Bistrita, February 08, 2021
TeraPlast SA, the parent-company of TeraPlast Group, is a member of TEPPFA (The European Plastic Pipes and Fittings Association) starting February.
By its membership, TeraPlast becomes the only Romanian company part of an European community comprised of the largest pipes and fittings producers, raw materials suppliers and national associations in the European plastic piping market.
“The presence in TEPPFA honors us and allows us to be connected to the major trends in the installation industry. TEPPFA’s members contribute to the development of the whole European plastics products industry as well as to the creation of the product standards. We want to be involved in this process and to be connected to what is happening in Europe. Since we do not have a national association, we can see how in Romania imported technical solutions are still being chosen even though they don’t justify their price. We are talking here about ceramic sewerage pipes and metallic pipes for water supply. Thus, we would like to see a first Romanian association that supports the Romanian producers and joins the 15 European national associations part of TEPPFA” stated Mr. Alexandru Stanean, TeraPlast CEO.
TEPPFA (The European Plastic Pipes and Fittings Association) is a non-profit organization founded in 1992 in Belgium.
The association’s activity focuses on representing the interests of both the plastic pipes and fittings manufacturers and the national associations at the European policymaker level.
TEPPFA representatives are also actively involved in the area of standards for plastic pipes and fittings and raise awareness on the areas where these products can positively contribute to some of the key topics of the UN Global Compact.
The association also promotes the implementation of measures for increasing the recycling degree and the uptake of recycled raw material in the pipes and fittings production.
TEPPFA presently includes 12 manufacturers of plastic piping and 15 national associations from Europe. In figures, the TEPPFA community represents an annual production of 3 million tons, a 12 billion euros turnover and over 40.000 employees.
TeraPlast SA is the parent company of TeraPlast Group, comprised of the following companies: TeraPlast, TeraGlass, TeraPlast Recycling, TeraPlast Folii Biodegradabile and Somplast.
Starting July 2nd, 2008, TeraPlast SA is listed on the Bucharest Stock Exchange under the TRP symbol. The company’s shares are included in the reference index of the Bucharest Stock Exchange – BET – and since September 2020 in the TotalCap and MicroCap indices of FTSE Russell.
Within the Vektor evaluation based on 15 criteria on investor relations communication, conducted by ARIR, TeraPlast obtained the highest mark – 10 – for the second consecutive year.