AD Plastik released a statement yesterday in which they announced the signing of new deals worth EUR 53.2m.

According to a statement released on the ZSE yesterday, AD Plastik announced the signing of new deals worth EUR 53.2m. The deals were signed with the Stellantis Group and are related to the EU market.

In their statement AD Plastik did not specify which models were covered by the deal, but instead just said that there are several of them. Meanwhile the estimated project duration will be seven and eight years, depending on the model.

We find the conclusion of this deal encouraging as it doubles the value of newly signed deals in 2021. As a reminder, prior to this deal, AD Plastik signed a total of EUR 41m worth of new deals in 2021. Out of this amount, EUR 16.6m was for the Russian market, while EUR 24.4m was related to new deals for the EU market.

Size wise, this deal is among the largest deals signed by AD Plastik in the last couple of years with the highest deals signed amounting to EUR 80m (Ford Puma, EU market) and EUR 71m (New Logan & Sandero, Russian market).