TeraPlast enters biodegradable packaging market with investment of almost 12 ml euros
Publicat:TeraPlast Group is seeking funding of about 5.8 million euro under the state aid scheme for stimulating investments with a major impact on the economy for its 11.8-million euro project "Establishment of a new production facility for TeraPlast Biodegradable Foils SRL" whereby it plans to enter the newly emerging biodegradable packaging market, the company said in a report submitted on Wednesday to the Bucharest Stock Exchange (BVB), according to AGERPRES.
The requested state aid accounts for 49 percent of the total investment.
The investment project consists of the acquisition of…
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