Effective April 1st, 2014 the Ter Plastics Polymer Group based in Herne took over the majority of the Polish Polimarky Performance Polymers in Rogoznica. The new Ter Plastics subsidiary was subsequently renamed into Terez Performance Polymers. High performance compounds on the basis of engineering thermoplastics are manufactured at the new location on state-of-the-art extrusion lines. The production facility in southeastern Poland has excellent traffic connections to the rest of Europe. It is equipped with Berstorff extrusion lines of the latest design with a capacity of 25,000 tons per year for all lot sizes. Furthermore, both a fully equipped development center and a color center are integrated into the recently completed large industrial building. The research and development work benefits greatly from the proximity to the local university and technical institutes. Engineers and chemists in polymer science and process engineering as well as in other relevant subjects are trained there. Application development as well as sales and distribution continue to be headquartered in Herne.
"With our own production subsidiary we can now expand our position as a development partner to our customers," Managing Director (COO) Dr. Wolf Koehler comments the friendly takeover. Moreover, Dr. Koehler sees the Ter Plastics Polymer Group on the right track to achieve the self-set goal short term, namely to be amongst the Top Five in Europe. With its approx. 130 employees the company expects sales revenues of 150 million Euros in 2014. For the current year the acquisition and integration of the new compounding subsidiary is only a first step on the way to a very successful year 2014, says Koehler. "We will be able to report on other interesting news already at the upcoming Fakuma (October 14 to 18) at Lake Constance," Dr. Koehler stated without going into details.
Ter Plastics Polymer Group includes the compound subsidiary Terez Performance Polymers as well as Ter Hell Plastic PE Distribution, Ter Hell IT, Ter Hell Plastic East and Ter Engineering Plastic Trading Ltd, in Suzhou, China, and numerous established sales offices in Germany, Austria, Switzerland, France, Poland, Hungary, the Czech Republic and Slovakia. Founded in 1977, the company, which is part of the Hamburg based Ter Group, has pursued an international strategy in the recent past. Ter Plastics has been engaged in long term intensive relationships with its international production and distribution partners, including important producers such as Grupa Azoty, Chang Chun Plastics, Chevron Phillips, Clariant, DSM, Evonik, Franplast, Mitsubishi, Momentive, SABIC, Samsung, Solvay, Teknor Apex, Total and Versalis. Ter Plastics is active in the markets with sales of engineering plastics, commodities and its own Terez compounds.
Ter Plastics Polymer acquired Polimarky