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ADIENT orders EPP parts worth over EUR 10 million from IZOBLOK

IZOBLOK was selected by ADIENT to participate in projects for batch manufacturing of EPP car parts. The total value of orders is estimated at over EUR 10 million. The expected start date of making orders is 2018-2028.

Adient Ltd & CO KG with its headquarter in Burscheid (Germany) placed successive orders at IZOBLOK during the period of January – November 2017. The total value of orders during this time is expected to be EUR 10,474,7 which gives PLN 44,504,1 thousand (NBP exchange rate from November 15, 2017). The above value was determined assuming the execution of orders in their entirety. The orders do not contain specific terms and conditions which would deviate from those commonly used for such orders or contractual penalty provisions.

IZOBLOK has been cooperating with ADIENT from the very beginning of its existence. Next to ADIENT, the Company’s portfolio includes also other part suppliers from the TIER group, such as Yanfeng Automotive Interiors, Faurecia, Lear or HP Pelzer Group.

This appointment is another step in the very successful, long-standing cooperation. I am very pleased that our products and skills are so highly valued by the German company. – says Przemysław Skrzydlak, CEO of IZOBLOK S.A.

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