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October 7, 2020

AD Plastik secures EUR14.1m in deals

AD Plastik has secured new deals worth EUR14.1m (US$16.6m).

By Rhodri Morgan

AD Plastik has secured new deals worth EUR14.1m (US$16.6m).

The supplier notes it has sealed agreements in Serbia worth EUR6.5m with PSA for the production of grab handles for the Peugeot 308.

Production is scheduled to start in the second quarter of 2021 and the project is expected to last nine years. At the same time, a deal on the production of grab handles was sealed with Turkish automaker, Togg, for the C-SUV electric vehicle.

The grab handles will be produced in Mladenovac and the total value of the deal amounts to EUR1.4m. The start of serial production is planned for the second quarter of 2023, with an estimated project duration of five years.

The production of visible interior components for the new Alfa Romeo Tonale vehicle with FCA, will take place in Croatia and the total value is EUR4m. The start of serial production is planned for the first quarter of 2022 with an estimated project duration of eight years.

In Russia, new contracts have been sealed with the VW Group and the Renault-Nissan-AvtoVAZ Alliance, worth a total of EUR2.2m. The start of serial production regarding part of the projects is planned for 2021, with an estimated duration of three and a half and six years, respectively.

Serial production for the second part of the projects is planned to start in 2022 with an estimated project duration of four years.

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