AD Plastik signed new contracts worth over 35 million euros

AD Plastik reported on Friday about new contracts for the production of automotive parts with several manufacturers in the European and Russian markets, which are expected to bring the Solin company and its foreign subsidiaries a total revenue of over 35 million euros.

Expected revenues from contracts secured in the European market amount to 17.9 million euros, while those in the Russian market amount to 17.2 million euros.

AD Plastik has indeed agreed to produce shock absorbers for the Buick vehicle for the American market, manufactured by the French PSA Group, with production scheduled to start in 2021 and a projected duration of six years.

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With the PSA Group, the production of glass guides for the Citroen Picasso, Peugeot 301, and Citroen C-Elysee vehicle models has also been agreed upon. Production is expected to start in 2020, with a project duration of twelve years.

With the customer Hella, a new contract for the production of light housings has been agreed upon. Production is planned to start in 2018 with a projected duration of three years, as stated in AD Plastik’s announcement. Regarding the Russian market, AD Plastik Kaluga has secured new contracts in injection and thermoforming technologies.

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For the Capture vehicle model of the Russian Renault, the production of deflectors, sensor holders, and cameras has been agreed upon, with the project start planned for 2020 and a projected duration of three years. The production of fender liners for the Renault Duster has also been agreed upon, with production expected to start in 2021 and a project duration of three years. Several contracts have also been agreed upon with the Volkswagen Group, with production expected to start next year.

Thus, the production of engine covers and tailgate covers for the Volkswagen Polo and Rapid is planned, with a project duration of seven years, while for the Tiguan, an agreement has been reached for the production of fender protectors, with the project expected to last six years.

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AD Plastik Group has also agreed to produce fender liners for the Volkswagen Polo and Škoda Rapid vehicles, with a projected project duration of seven years.