AD Plastik Concludes New Deals Worth EUR 46.5m

To put things into a perspective, the deals make up for around 25.3% of the company’s T12 sales.

Ad Plastik published a document stating that the company has concluded new deals whose total value amounts to EUR 46.5m. The mentioned deals relate to various vehicle models in the Russian market. To put things into a perspective, the mentioned deals make up for around 25.3% of the company’s T12 sales.

To be specific, EUR 24m was concluded with the Renault-Nissan-AvtoVAZ Alliance for the new vehicle model Lada Granta that will be produced in their plant in Togliatti. Further, EUR 12m was concluded with the same customer for the new vehicle models Renault Logan and Sandero.

Finally, EUR 10.5m was concluded with Volkswagen for the vehicles VW Tarek and Škoda Karoq. AD Plastik Kaluga will be producing trunk trims for these models. Note that the start of serial production is planned for the end of 2020 with an estimated project duration of 7 years.

InterCapital
Published
Category : Flash News

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