Colombian company Terpel S.A. registered the constitution of its new subsidiary Terpel Comercial Dominicana in Santo Domingo on November 11. The entity aims to explore new business opportunities in the Caribbean nation. The decision was approved by the Board of Directors since July 10, 2025.
Terpel S.A. informed the market about the public registry inscription of the company Terpel Comercial Dominicana, domiciled in Santo Domingo, Dominican Republic. This subsidiary is established to identify and develop new business alternatives in that market.
The decision to form this entity was submitted to Terpel's Board of Directors on July 10, 2025, and the registration was completed on November 11 of the same year. According to the company, operations of the subsidiary will begin in the coming months, once the required registrations under local legislation are obtained.
Terpel stressed that there are no material costs directly associated with the constitution of this society. This expansion marks a strategic step for the company in the region, though specific types of businesses to explore were not detailed at this initial stage.