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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