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Croatia's AD Plastik agrees new deals worth 87.1 mln euro

Nov 28, 2017, 1:03:18 PMArticle by Maja Garaca
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November 28 (SeeNews) - Croatian plastic products manufacturer AD Plastik [ZSE:ADPL] said on Tuesday it has agreed new deals for the second phase of the Edison and Renault Clio projects, which should bring a total of 87.1 million euro ($103.6 million) in revenue over the next seven years.

Croatia's AD Plastik agrees new deals worth 87.1 mln euro
Author: Glenn Euloth. License: Creative Commons, Attribution-NonCommercial-NoDerivs 2.0 Generic.

AD Plastik will produce front bumpers with components and interior mudguard linings for the Edison Smart forFour (S4S) vehicle, the company said in a filing to the Zagreb Stock Exchange.

The start of serial production is scheduled for the second half of 2019, and the estimated duration of the project is four years.

AD Plastik will also produce front and rear bumpers with components, interior mudguard linings, painted external stabilizers, instrument panels and door panels for the Renault Clio vehicles.

Injection moulding, painting and assembly will be done at plants in Zagreb and Solin. The start of serial production is planned for mid-2019, and the estimated duration of the project is 7 years.

($=0.840829 euro)

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