AD Plastik concludes deals, worth €31.8m, for Russian and European markets

AD Plastik concludes deals, worth €31.8m, for Russian and European markets

AD Plastik concludes deals, worth €31.8m, for Russian and European markets Izvor: Morguefile

AD Plastik Grupa stated on Wednesday that it had signed two new contracts, worth €31.8 million, for the Russian and European markets.

This Croatian company, which specialises in the production of interior and exterior car components, has signed a €22.4 million deal with Renault-Nissan-AvtoVAZ in Russia.

It has also signed a €9.4 million deal with the PSA Group on the European market.

"AD Plastik Togliatti factory will be producing absorbers and exterior pillar trims for the new model Lada Granta as well as front bumper lower grills for the new vehicle models Renault Logan and Sandero. The start of serial production is planned for the second and third quarters of 2021, and the estimated duration of the projects is eight years. The total value of the deals sealed for the vehicle Lada Granta amounts to EUR 15.2 million, and for new Renault models - EUR 7.2 million," reads a company press release.

"The AD Plastik Group factory in Mladenovac will be producing glass run channels for Opel Astra, with serial production scheduled to begin in the fourth quarter of 2021, and with an estimated project duration of eight years.

"The total value of these deals amounts to EUR 5.8 million. Exterior components for Fiat Ducato and Opel Vivaro commercial vehicles will be produced in Solin, and the total value of these deals amounts to EUR 2.2 million. The start of serial production is also planned for the fourth quarter of 2021 with an estimated project duration of two years.

"Air extractors for the vehicles Peugeot 308 and Opel Astra will also be produced in Solin, with a project value of EUR 1.4 million. Start of serial production is planned for the first quarter of 2021 with an estimated project duration of seven years," says the press release.

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