To put things into a perspective, the deals account for roughly 22% of the company’s T12 consolidated sales.
AD Plastik published a document on the Zagreb Stock Exchange announcing that they have concluded new deals in the Russian market, cumulatively worth EUR 40m. The mentioned deals relate to the production of outer belts and static seals for various vehicle models of the Renault-Nissan-AvtoVAZ Alliance.
Static seals set for the new vehicle model Lada Granta and outer belts for Renault Logan and Sandero will be produced at the plant AD Plastik Togliatti. The start of serial production for these models is planned for the Q2 and Q3 of 2021, while the estimated project duration of 8 years.
To put things into a perspective, the mentioned deals account for roughly 22% of the company’s T12 consolidated sales.