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ZAGREB (Croatia), October 10 (SeeNews) - Croatian manufacturer of plastic components for the automotive industry AD Plastik [ZSE:ADPL] said on Thursday it has signed a 40 million euro ($44.1 million) contract for the production of car parts for the Renault-Nissan-AvtoVAZ alliance in Russia.
AD Plastik will produce static seals for the new Lada Granta as well as outer belts for Renault Logan and Sandero in its factory in Togliatti, Russia, it said in a filing to the Zagreb Stock Exchange (ZSE).
Serial production is planned to start in the second and third quarter of 2021 and last for eight years.
($ = 0.906829 euro)