March 23 (SeeNews) - Croatian plastic products manufacturer AD Plastik [ZSE:ADPL] said on Friday it has concluded several deals for the production of car parts for Ford, PSA Group, Renault and VW.
AD Plastik will produce side fender cladding and decorative protective door panels for the new Ford mini SUV vehicle, which will be produced in Romania, it said in a Zagreb bourse filing. Production is planned to begin in 2019 and continue for eight years, generating an estimated revenue of 80 million euro ($98.6 million) for AD Plastik.
AD Plastik will also produce outer belts for several PSA Group vehicles, with production planned to start in 2020 and continue for a period of six years. The expected revenue from the job is 12.8 million euro.
In the Russian market, AD Plastik's unit AD Plastik Kaluga has signed a deal to produce grills for Renault, starting in 2020 with the planned production period of three years.
AD Plastik Kaluga has also won the the nomination for the production of grab handles for VW Polo and VW Rapid vehicles. Their start of production is planned for 2019, for a seven year period.
In addition, a deal has been signed with Renault Russia on production of exterior parts for Logan Sandero, Stepway and Duster Phase 2 vehicles that will be produced in AD Plastik production sites in Kaluga and Vintai.
They are also partly intended to be placed on the Brazilian market. Start of production is planned for 2019 with the planned project period of four years.
The total value of new nominations on the Russian market amounts to 8.3 million euro.
($=0.8113 euro)