M&A Activity • Sep 3, 2019
M&A Activity
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Security: ADPL / ISIN: HRADPLRA0006 Quotation: Zagreb Stock Exchange, Prime Market
Solin, September 3, 2019
AD Plastik Group has sealed new deals with a total value of EUR 46.5 million in the Russian market for various vehicle models.
New deals worth EUR 24 million have been sealed with the Renault-Nissan-AvtoVAZ Alliance for the new vehicle model Lada Granta that will be produced in their plant in Togliatti. Headliners, vehicle chassis covers, mud flaps and rear bumper covers will be produced for that vehicle in the AD Plastik Togliatti plant.
Apart from that, additional deals on headliner production worth EUR 12 million have been sealed with the same customer for the new vehicle models Renault Logan and Sandero.
The start of serial production for these models is planned for the second and third quarters of 2021, with an estimated project duration of eight years.
New deals worth EUR 10.5 million have been sealed with the customer Volkswagen for the vehicles VW Tarek and Škoda Karoq. AD Plastik Kaluga will be producing trunk trims for these models, and the start of serial production is planned for the end of 2020 with an estimated project duration of seven years.
Katia Zelić Investor Relations Manager
mob. +385 91 221 1446 [email protected]
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