M&A Activity • Jul 10, 2019
M&A Activity
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Security: ADPL / ISIN: HRADPLRA0006 Quotation: Zagreb Stock Exchange, Prime Market
Solin, July 10, 2019
AD Plastik Group has sealed new deals worth EUR 71.4 million for new vehicles of the Renault-Nissan-AvtoVAZ Alliance. Renault vehicles will be manufactured at the AvtoVAZ factory in Togliatti and they represent the third, more modern generation of Logan and Sandero vehicles. AD Plastik Group has sealed deals on development and manufacturing of more than 80 different exterior components, namely bumper components, rocker panels, mudguards and under engine covers which will be produced at the Russian AD Plastik Togliatti factory. The start of serial production is planned in the second quarter of 2021, and the estimated duration of the project is eight years. Since Sandero and Logan were among the twenty best-selling vehicles in Russia, new vehicles are expected to be sold in the amount of over 140,000 vehicles per year.
Katia Zelić Investor Relations Manager
mob. +385 91 221 1446 [email protected]
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