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Croatian Company to Produce Car Parts for Renault

14.11.2016  17:24
AD Plastik Group from Solin will produce parts for Clio.

AD Plastik from Solin will produce car parts for Renault Clio which will be assembled in Slovenia starting from August 2017.

The company will produce coloured front and rear bumpers, and side masks of rear bumpers for Renault Clio, according to a statement made by AD Plastik. They will mould, paint and assembly the components, and it is expected that the assignment will bring to the company as much as 16.5 million euros in the next two years.

In the first nine months of this year, AD Plastik Group recorded a net profit of 31.2 million kuna, which was 3.5 percent less than in the same period last year. The decline in profit was largely a result of changes in exchange rates for foreign currencies. The total revenue of the Group, which consists of companies in Croatia, Serbia, Slovenia and Russia, during the reporting period amounted to 787.9 million kuna, which was a decline of 13.4 percent.

Three-quarters of the total income of AD Plastik Group were realized in the markets of the European Union and Serbia, mainly from the company’s facilities in Solin and Zagreb in Croatia and in Mladenovac in Serbia.

In the first nine months of this year, the operating income from the markets of European Union and Serbia was 2.9 percent lower than in the same period last year, which is a result of a smaller order by the customer Hella, as well as the aforementioned issue of exchange rates.

In the same period, the group had total expenditures in the amount of 756.6 million kuna, which was a decrease of 13.7 percent.

Source: Total Croatia News