Regulatory Filings • Oct 10, 2019
Regulatory Filings
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Security: ADPL / ISIN: HRADPLRA0006 LEI: 549300NFX18SRZHNT751 Home Member State: Croatia Quotation: Zagreb Stock Exchange, Prime Market
Solin, October 10, 2019
AD Plastik Group has sealed new deals worth another EUR 40 million in the Russian market for the production of outer belts and static seals for various vehicle models of the Renault-Nissan-AvtoVAZ Alliance.
Static seals set for the new vehicle model Lada Granta and outer belts for Renault Logan and Sandero will be produced at the plant AD Plastik Togliatti. The start of serial production for these models is planned for the second and third quarter of 2021, with an estimated project duration of eight years.
AD Plastik Group is responsible for the industrialization and serial production of the products on whose production deals were sealed, while the Hutchinson Group will be responsible for the development. The Hutchinson Group generates a large part of its total revenue precisely from operations related to the segment of development and produciton of seals.
Katia Zelić Investor Relations Manager
mob. +385 91 221 1446 [email protected]
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