Croatian AD Plastik Contracts 17 Million Euro Jobs for Automotive Giant

Lauren Simmonds

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As Poslovni Dnevnik/Suzana Varosanec writes, the Croatian AD Plastik Group is a highly successfully multinational company with eight production sites across five countries. It is also one of the leading Eastern European companies for the development and production of components for car interiors and exteriors. The company’s already extensive business book is continuing to record positive changes in the form of yet more new and pricey contracts concluded with large partners in the automotive industry.

According to the latest announcement through the Zagreb Stock Exchange, the Croatian AD Plastik Group has contracted new deals with the buyer Stellantis in the total value of 17.3 million euros, with an estimated project duration of a decade.

Stellantis is otherwise one of the largest automotive groups in the world in terms of the number of cars produced, which, they say, was created by merging the FCA and PSA Group. At the beginning of November last year, the Stellantis logo was presented to the public, which was one of the last steps in the final completion of the merger of the FCA and PSA groups, which was officially completed in January this year.

It is a new corporate name in the demanding automotive industry world, with a portfolio of fourteen recognised automotive brands making it a de facto giant in the market. Regarding the aforementioned merger, as well as the impact on the business of the Croatian AD Plastik Group, its President of the Management Board, Marinko Dosen, stated that the merger definitely benefits the company. It is a group that, he pointed out, includes the likes of Peugeot, Citroen, Opel, Fiat, Chrysler, Vauxhall Jeep, Dodge, Ram, Alfa Romeo and Maserati.

“The merger should put a spring in Fiat’s step, as it had slowed down a bit, and the main reason for the merger is joint development and the market. They used to be a direct competitor, and by merging they became the fourth largest car manufacturer in the entire world. Due to the production on a common platform, they’ll manage to achieve huge savings and be more competitive in the market. As we’re on the panel of suppliers of all car manufacturers from their group, we won’t have restrictions like those who worked with only one of them,” explained Dosen.

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