On 22 September 2017, the Ter Plastics Polymer Group (Herten / Germany; www.terplastics.com) inaugurated its new company headquarters in Herten. Since June, 80 employees have already been working in the 2,500 m² former publishing building. Previously, the plastics distributor – which also celebrated its 40th anniversary on the occasion – was located at nearby Herne / Germany.

Ter Plastics has a total of seven locations in Europe, including its compounding facility in Rzeszów / Poland. Its portfolio includes over 8,000 articles from 27 producers; yearly production amounts to 85,000 t/y including the compounding of 15,000-20,000 t/y. Ter Plastics’ roughly 200 employees generated a turnover of approximately EUR 180m in 2016. According to CEO Wolfgang Siegel, who aims to make the company the fifth largest plastic distributor in Europe, revenue in the last six years grew by an average of 12% per year.

Ter Plastics is part of the Ter Group, which also includes distribution company Ter Chemicals (Hamburg / Germany; www.terchemicals.com) and, as of late, wax producer Paramelt (Heerhugowaar / The Netherlands; www.paramelt.com). The annual turnover of the entire group, led by managing director Christian Westphal, is around EUR 700m.