New deals worth EUR 31.8 million
AD Plastik Group has sealed new deals worth EUR 31.8 million for the Russian and European market. Additional deals worth EUR 22.4 million have been sealed in the Russian market for the Renault-Nissan-AvtoVAZ Alliance and the cooperation with the PSA Group has been continued in the European market by sealing new deals with a total value of EUR 9.4 million.
AD Plastik Togliatti factory in Russia will be producing absorbers and exterior pillar trims for the new model Lada Granta as well as front bumper lower grills for the new vehicle models Renault Logan and Sandero. These are additional deals for new Alliance vehicle models for which most of the deals have been sealed during 2019. The start of serial production of the mentioned vehicles is planned for the second and third quarters of 2021, and the estimated duration of the projects is eight years. The value of the deals sealed for the vehicle Lada Granta amounts to EUR 15.2 million, and for the new Renault models – EUR 7.2 million.
The new deals sealed with the PSA Group confirm the very successful status of the AD Plastik Group in the supplier panel of this reputable automaker. The AD Plastik Group factory in Mladenovac has sealed the deal on production of glass run channels for Opel Astra, the best-selling Opel vehicle, with a total value of EUR 5.8 million. The start of serial production is planned for the fourth quarter of 2021 with an estimated project duration of eight years. The factory in Solin will be producing exterior components, namely the upper grills, which will be installed on Fiat Ducato and Opel Vivaro, vehicles from the FCA and PSA Group. AD Plastik Group will be producing components for these commercial vehicles models for the first time, with a value of the deal sealed amounting to of EUR 2.2 million. The start of serial production is also planned for the fourth quarter of 2021 with an estimated project duration of two years. Factory in Solin will also be producing air extractors for Peugeot 308 and Opel Astra vehicles, with a project value of EUR 1.4 million. Start of the serial production of this project is planned for the first quarter of 2021, with an expected duration of seven years.