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Croatia's AD Plastik seals car parts contracts worth 71.4 mln euro

Croatia's AD Plastik seals car parts contracts worth 71.4 mln euro AD Plastik factory; Source: AD Plastik

ZAGREB (Croatia), July 10 (SeeNews) - Croatian manufacturer of plastic components for the automotive industry AD Plastik [ZSE:ADPL] said on Wednesday has signed contracts worth a total of 71.4 million euro ($80.1 million) for production of parts for the Renault-Nissan-AvtoVAZ alliance.

AD Plastik will develop and produce more than 80 car parts for the new Renault Logan and Renault Sandero models, such as bumper components, rocker panels, mudguards and under engine covers in its factory in Togliatti, Russia, it said in a filing to the Zagreb Stock Exchange (ZSE).

The models will be produced in the AvtoVAZ factory in Tolyatti. Serial production is planned to start in the second quarter of 2021 and last eight years. 

($ = 0.891144 euro)

 

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