Croatian firm AD Plastik secures contract valued at 86 million HRK for specific project
Sizzling Sales in the USA: Unveiling the Secret Behind AD Plastik's Record Breaking Success! Here's the Scoop
Hey, guess what? As Darko Bicak from Poslovni Dnevnik writes, the ace Croatian autoparts producer, AD Plastik Group, has secured fresh contracts with Stellantis Group worth a whopping 85.9 million euros for the European market, over a span of nine years!
Now, you might wonder, who the heck is Stellantis NV? Just a new kid on the block founded in 2021 following a slam-dunk merger between Fiat Chrysler Automobiles (FCA) and the French PSA Group, ratios 50-50, headquartered in Amsterdam. Last year, they dished out an impressive 15.3 billion euros in operating income!
Stellantis rules the roost when it comes to designing, developing, producing, and flogging cars under their sixteen badges: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Maserati, Mopar, Opel, Peugeot, Ram, and Vauxhall.
With a workforce of approximately 300,000 employees and a presence in more than 130 countries (30 of them with production facilities), this merger marks a giant leap for AD Plastik. Unfortunately, thanks to the Ukraine-Russia tussle and EU sanctions against Russia, the Croatian company has been hit hard. AD Plastik, based in Solin, Russia, generates a hefty 27% of its total revenue from its two factories there. In fact, in 2021, the Group raked in over 305 million kuna revenue in Russia. Alas, no prediction for 2022 exists due to the current unpleasantness in Ukraine following Russia's invasion in February this year.
Email: *
Prior to the conflict, their main customers in the Russian market were Renault and Volkswagen, who held half the market share. These titans halted their Russian operations, which, in turn, affected AD Plastik too. But Marinko Dosen, the honcho of AD Plastik's Management Board, believes the shutdowns are transient and, though it's tough to foresee the final impact on their Russian biz, AD Plastik's Russian factories are ready to rev up production whenever the situation allows.
So there you have it! That's the latest on AD Plastik's Russia woes and its thriving partnership with Stellantis Group for the European market. Be sure to check out our business section for more scoops!
First name:
Wanna keep tabs on the latest? Sign up for our newsletter!
Email: **
Last name:
First name:
Last name:
Gender:
Gender:
Male Female
|| --- || Male Female || Country: || Birthday: |
P.S. – Don't Miss Out On These Related Posts:
Country:
- Croatia's AD Plastik Contracts Job Worth 48.6 Million Euro for EU Market
- Croatian AD Plastik Contracts 31.2 Million Euro Job with Stellantis
- Croatian AD Plastik Earns 826 Million Kuna Revenue in 2022
- Company Liquidation in Croatia Gets Much Cheaper, Public Notaries to Lose Millions
Enrichment Data:
Birthday:
Despite no explicit mention in recent search results, it can be inferred that:
- AD Plastik is maintaining corporate transparency and governance based on their 2024 "Code of Corporate Governance Questionnaire" filing in April 2025[2].
- The ongoing geopolitical landscape surrounding Russia involves international sanctions from the US, UK, and EU against Russia due to the conflict in Ukraine, which impact trade and business operations. These sanctions have encouraged increased enforcement actions against companies skirting trade restrictions with Russia[1][3].
- Key players like Renault and Volkswagen have halted their Russian operations amid the conflict, raising questions about AD Plastik's operations due to its direct exposure and contractual obligations in Russia. However, there's no explicit information available about its current status in Russia in the search results but, given the evolving sanctions landscape and ongoing conflict, it is likely that the company is affected in some way.
Overall, AD Plastik is actively operating and (progressing with) governance efforts, but the ongoing sanctions imposed due to Russia-Ukraine conflict and suspensions of key players may constrain or suspend its operations in Russia, although specific confirmation is absent in the available information. The state of affairs is contingent on the persistence and resolution of the Ukraine-Russia conflict and corporate decisions related to it.
- The Stellantis Group, a significant player in the automotive industry, reported an impressive 15.3 billion euros in operating income last year.
- AD Plastik, a Croatian autoparts producer, has secured contracts worth 85.9 million euros with the Stellantis Group for the European market over the next nine years.
- AD Plastik's partnership with Stellantis Group comes amidst challenges due to the Ukraine-Russia tussle and EU sanctions against Russia, as the company generates a substantial 27% of its total revenue from its two factories there.
- Despite these challenges, Stellantis Group has a diverse range of brands including Chrysler under its umbrella, designing, developing, producing, and selling cars under sixteen badges.
