January 25 (SeeNews) - Croatian manufacturer of plastic products for the automotive industry AD Plastik [ZSE:ADPL] said on Tuesday it signed new contracts in Russia with the VW group and Renault-Nissan-AvtoVAZ Alliance worth a total of 18.1 million euro ($20.4 million).
“AD Plastik Group has sealed new deals in Russia with the VW Group worth 16.2 million euro, with an estimated project duration of seven years,” AD Plastik said in a filing to the Zagreb Stock Exchange (ZSE).
The new 1.9 million euro deals signed with the Renault-Nissan-AvtoVAZ Alliance for the Russian market have an estimated project duration of six years.
AD Plastik's shares traded at 159.50 kuna ($23.9/21.2 euro) intraday on Tuesday on the ZSE, down 1.24%.
(1 euro = 7.529 kuna)