Thursday, 3 December 2020

AD Plastik Group Contracts 24 Million Euro Deal with Car Manufacturer

December the 3rd, 2020 - The ongoing coronavirus pandemic has caused numerous often very serious issues for economic activity all over the world, but despite these woes, the Croatian AD Plastik Group has contracted 24 million euros in new business for no less than Suzuki's redesigned S-Cross model, the auto parts manufacturer from Solin announced on Tuesday.

As Poslovni Dnevnik writes, the AD Plastik Group will deliver various exterior and interior components from three of its locations, so that, in addition to its Hungarian factory, components for this Japanese car manufacturer will be delivered from factories in Solin and Zagreb for the very first time.

The Croatian AD Plastik Group has also become a development partner for Suzuki and a supplier in its painting technology. The company is responsible for the development of some extremely demanding products, which gives the project even more significance, and at the same time, Magyar Suzuki Corporation recognised the factory in Zagreb as one of the best in the entire region when it comes to painting technology, according to the AD Plastik Group.

The estimated duration of the project is currently seven years, and the start of serial production is planned for the end of 2021 at the Hungarian factory - Esztergom.

A member of the management board for the sales and projects of the AD Plastik Group, Mladen Peros, pointed out that one of their strategic goals during the acquisition of the production location over in neighbouring Hungary was the diversification of their customer portfolio.

''The job we've contracted is very important for the future development of the business because we've expanded our cooperation, contracted aspect positions with added value and also entered the panel of development suppliers. We agreed on part of the work as a first-tier supplier, and part as a second-tier supplier through the company Euroasia, which is their long-term logistics partner,'' explained Peros.

As a development supplier, the AD Plastik Group is responsible for the development and validation of products, processes, tools and devices. In addition to injection molding technology, the project includes dyeing, blowing, chromium plating, extrusion and the assembly of various types of technology that include vibration and ultrasonic welding.

It's also worth mentioning that the Suzuki S-Cross is among the ten best-selling vehicles in all of Central and Eastern Europe, and it is a crossover that has the features of a compact car with solutions used in off-road models.

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Monday, 28 September 2020

AD Plastik Seals New Deals for Car Parts Manufacture

ZAGREB, Sept 28, 2020 - Croatian plastic car parts manufacturer AD Plastik said on Monday it had sealed several new deals with carmakers that would be carried out in the coming years.

The company, based in the southern town of Solin, has agreed with the PSA Group the manufacture of grab handles for the Peugeot 308. The project is scheduled to begin in the second quarter of 2021 and last for nine years.

Also agreed was the manufacture of grab handles for TOGG, Turkey's first car maker, for the electric C-SUV.

Grab handles for both companies will be manufactured in Mladenovac, Serbia, and the total value of the deal is €1.4 million. Serial production is scheduled for the second quarter of 2023 with an estimated project duration of five years.

The manufacture of visible interior components for the new Alfa Romeo Tonale has been agreed with the FCA Group and will take place in Croatia. The total value of this deal is €4 million. Serial production is due to start in the first quarter of 2022 with an estimated project duration of eight years.

In Russia, new deals have been sealed with the VW Group and the Renault-Nissan-AvtoVAZ Alliance, worth a total of €2.2 million. Serial production for the first batch of projects is scheduled for 2021 with an estimated duration of three and a half years and six years respectively. Serial production for the second batch is planned for 2022 with an estimated project duration of four years.

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Tuesday, 8 September 2020

AD Plastik Wins Golden Key Award As Best Large Exporter

ZAGREB, Sept 8, 2020 - Plastic car parts manufacturer AD Plastik wins Golden Key Award as the best large exporter in 2019, IT firm Infobip is the best medium-sized exporter and Jadran-una has been honored as the best small company, it was announced at the 15th Croatian Exporters Convention on Tuesday.

Addressing the convention, Prime Minister Andrej Plenkovic congratulated the exporters, saying that commodity exports had been rising steadily for the past 10 years and their share in GDP had increased from 16.7% to 28.5%.

He said that only 15% of Croatian companies generated revenues on foreign markets, while they employed 51% of the active workforce. He added that these companies place over 60% of their investments in research and development, generating three-quarters of total profits and nearly four-fifths of total investment in research and development in Croatia.

Speaking of boosting the export-oriented industry, Plenkovic cited reindustrialization and strong support to enterprises in using smart and clean technologies, greater use of energy from renewable sources, and digital transformation.   

"That is the path to increasing competitiveness," the prime minister said, adding that the government's focus would be on developing sectors with great growth potential such as information and communication technologies, pharmaceuticals, biotechnology, pure technologies, such as solar and hydrogen, and new technologies, including 3D printing, nanotechnology, and robotics.

He also pledged further investment in education, railways, and broadband internet infrastructure.

"Our ambition is to create 100,000 jobs over the next four years, that is before the end of our term," Plenkovic said.

He highlighted two objectives of importance for exporters - the adoption of the euro and entry into the Schengen area.

The backbone of the Croatian economy

The head of the Croatian Exporters Association, Darinko Bago, praised the government for how it was handling the crisis caused by the global coronavirus pandemic, citing the government's social sensitivity and efforts to preserve jobs and help the tourist industry.

"Exporters are the best that Croatia has, they are the backbone of the Croatian economy," Bago said, adding that exporters expected the government to continue to be socially sensitive, but also to intensify localization and regionalization.

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Friday, 20 March 2020

AD Plastik Halts Production in Croatia, Serbia and Hungary

ZAGREB, March 20, 2020 - The AD Plastik car parts manufacturer said on Friday that it was forced to suspend most of its production in Croatia, Serbia and Hungary due to its customers, global automobile companies, halting their production.

"As our customers, leading automobile manufacturers, have stopped their production (...) we have been forced to halt most of our production in Croatia, Serbia and Hungary," the company said in a press release on the effect of the coronavirus on its business, published by the Zagreb Stock Exchange (ZSE).

AD Plastik underscores that it cannot predict how long the current situation will last, since it depends on the situation on the global market and its customers' activities.

For the time being, the company's production units in Russia operate according to plan, and project activities to develop components for new vehicle models are continuing, AD Plastik says.

We are fully focused and determined to maintain the company's vitality in order to meet our customers' demands and are taking all measures necessary to continue doing business, AD Plastik said in the press release, noting that it communicates with its customers and suppliers on a daily basis and is ready to continue with production as soon as its customers make their first requests.

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Monday, 2 March 2020

AD Plastik, Air Traffic Control, Lidl Win Deloitte Green Frog Awards

ZAGREB, March 2, 2020 - AD Plastik, the Croatian Air Traffic Control, and Lidl Croatia have won the Deloitte Green Frog awards for the best sustainability report, progress in reporting, and originality in reporting in 2019, Deloitte Croatia announced.

The AD Plastik Group won the Green Frog Award 2019, awarded by Deloitte Croatia for the best sustainability report, and this year the Croatian Employers Association (HUP) and Global Compact Network Croatia joined the jury as full members.

The award for progress in reporting was also presented, and it was won by the Croatian Air Traffic Control. Also, the award for originality in reporting was given for the first time, and it was won by Lidl Croatia.

The awards ceremony was held at the "Employment with impact" conference, organised by Deloitte, HUP, and Global Compact Network Croatia.

The Deloitte audit director and head of the Green Frog Initiative Ivana Turjak Čebohin pointed out that the social accountability, environmental and human rights awareness was increasing.

"These trends on the contemporary market have caused positive changes in Croatia, and the number of companies publishing non-financial reports is growing every year. Non-financial reporting is beneficial both to those companies which are legally obliged to do it, and to those who are not," emphasised Čebohin.

The advisor for sustainable development and socially responsible business in HUP and Global Compact Network Croatia Executive Director Vali Marszalek said that companies were becoming more aware of the fact that, in order to maximise benefits and create long-term value for their business, they had to take into account not only shareholders' expectations, but also the expectations of suppliers, employees, buyers, consumers, and local communities.

"The subject of this year's conference, the employment of disabled persons, is extremely important for the business sector, especially as we are talking about the enormous potential of billions of people across the globe who, due to their circumstances, have to develop skills such as persistence, problem solving, innovative thinking, and readiness to experiment in order to adapt to the world around them," emphasised Marszalek.

On behalf of the AD Plastik Group, the award was accepted by the chair of the board for socially responsible business, Zoja Crnecki, who said that socially responsible business was a part of the company's business model and one of the most important components of its development policy.

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Tuesday, 16 April 2019

Croatia's AD Plastik Contracts Job Worth 48.6 Million Euro for EU Market

While bleak and uninspiring stories about the state of the Croatian economy and doing business in Croatia continue to circulate across news and media portals as well as in newspapers, not everything is so bleak, you just need to look a little harder. Croatia's AD Plastik has contracted brand new jobs for the European Union market worth a massive 46.8 million euros.

As SEEbiz writes on the 16th of April, 2019, Croatia's AD Plastik d.d. has contracted the new jobs for the European Union for the PSA and FCA Group.

The job of the production of speaker carriers for the Citroen Picasso and C-Elysee PSA Group cars was contracted, which is worth 1.7 million euros, with the start of production scheduled for 2020 with a projected eight-year duration. With the very same buyer, the production of side panels for the Citroen C3 in the value of an additional three million euros, with the start of production planned in 2020, is also in the works, with a projected duration of four years.

New operations for the production of guardrails/handrails for several PSA Group vehicles (Peugeot 208, Peugeot 2008, Citroen DS3 Crossback and Opel Corsa) have been agreed with a total value of 20 million euros attached to them, with a projected ten-year duration, and the works begining during 2019. The Opel Adam Crossback is yet another vehicle from the aforementioned group, for which the engine manufacturing, costing 1.4 million euros, has been contracted with Croatia's AD Plastik, with the anticipated start of serial production being next year, and the duration of the project standing at seven years.

Croatia's AD Plastik d.d. also arranged and contracted 20.7 million euros' worth of new jobs for the FCA Group for the Jeep Compass and Fiat 500e cars. For the Fiat 500e, interior components and air intakes will be produced at AD Plastik's factories, and the total value of the project is 13.9 million euros. The project duration is projected at eight years and serial production is planned for 2020.

For the Jeep Compass, handgrip production contracted at 6.8 million euros has been agreed and the start of serial production is planned for next year with an estimated four year project duration.

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