"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.