Croatia's AD Plastic eyes 35.1 mln euro revenue from contracts in Europe, Russia

Croatia's AD Plastic eyes 35.1 mln euro revenue from contracts in Europe, Russia Author: Glenn Euloth. License: Creative Commons, Attribution-NonCommercial-NoDerivs 2.0 Generic.

 ZAGREB (Croatia), July 6 (SeeNews) - Croatian plastic products manufacturer AD Plastik [ZSE:ADPL] said on Friday it has contracted several jobs, from which it expects to receive revenue of 35.1 million euro ($41 million).

AD Plastik will produce crash absorbers for the PSA Group's Buick vehicle, for the American market, it said in a Zagreb bourse filing.

Production is planned to start in 2021 and last six years.

The company has also agreed the production of glass run channels with the PSA Group for vehicle models Citroen, Picasso, Peugeot 301 and Citroen C-Elysee, with production expected to begin in 2020 and last 12 years.

In addition, AD Plastik has agreed on a new deal for lights housing production with Hella starting this year and planned to last an estimated three years.

The total revenue AD plans to receive from these jobs is 17.9 million euro.

On the Russian market, AD Plastik will produce deflectors, sensor and camera brackets for the Russian Renault vehicle model Capture, whose start of production is expected in 2020 with an estimated duration of three years.

Additionally, the Croatian company will produce wheel arch liners for Renault Duster from 2021 for 3 years. It will also make airbaffles and rear door trims for Volkswagen Polo and Rapid for seven years, and fender protectors for Volkswagen Tiguan for six years, with both projects due to begin in 2019.

The total value of the jobs on the Russian market is 17.2 million euro.

($=0.854348 euro)

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