- EBRD provides €5 million loan to Romania’s roof tile manufacturer Depaco
- Loan to finance development of a new production and storage facility
A €5 million loan provided by the EBRD is set to improve the operations of Romania’s roof tile maker Depaco.
The company manufactures metallic sheet tiles under the brand name Wetterbest and is part of TeraPlast Group, a leading Romanian construction materials manufacturer.
The EBRD funds will be used to finance the development of a new production and storage facility with a capacity to produce 10 million square meters of roof tiles and profiles. The loan will also refinance existing loans.
TeraPlast Group was founded in 1896 in Bistrita, a city in northern Transylvania, as a ceramic tiles manufacturing unit and has since grown to become one of the largest players in the Romanian building materials industry. The Group is comprised of the following companies: TeraPlast, TeraSteel, TeraGlass and Depaco (Wetterbest).
Previously the EBRD has helped Depaco, through its advisory services, strengthen its Wetterbest brand, improve growth strategy and attract a strategic investor.
The EBRD is a leading institutional investor in Romania and to date has invested over €8.3 billion in the country. In 2018 alone, it committed over €400 million across various sectors of the Romanian economy.