To put things into a perspective, the deals account for roughly 16.5% of the company’s T12M 2019 consolidated sales.

AD Plastik published an announcement on the Zagreb Stock Exchange stating that they have concluded additional deals worth EUR 22.4m with the Renault-Nissan-AvtoVAZ Alliance in the Russian market as well as new deals with the PSA Group in the European market with a total value of EUR 9.4m.

In total, the new deals amount to EUR 31.8m, which accounts for roughly 16.5% of the company’s ttm 2019 consolidated sales.

Firstly, 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 total value of the deals sealed for the vehicle Lada Granta amounts to EUR 15.2m, and for new Renault models – EUR 7.2m. The start of serial production is planned for the Q2 and Q3 of 2021, and the estimated duration of the projects is 8 years.

Secondly, AD Plastik Group factory in Mladenovac will be producing glass run channels for Opel Astra, with serial production scheduled to begin in the Q4 of 2021, and with an estimated project duration of 8 years. The total value of these deals amounts to EUR 5.8m.

Finally, exterior components for Fiat Ducato and Opel Vivaro commercial vehicles will be produced in Solin, and a total value of these deals amounts to EUR 2.2m. The start of serial production is also planned for the Q4 of 2021 with an estimated project duration of 2 years. Air extractors for the vehicles Peugeot 308 and Opel Astra will also be produced in Solin, with a project value of EUR 1.4m. Start of serial production is planned for the Q1 of 2021 with an estimated project duration of 7 years.