Groclin lands €60 mln deal

Automobile seating manufacturer Groclin has singed a letter of intent with Volkswagen to deliver car seat covers for €60 mln, ISBnews reported. The agreement will be valid for six years. This is the first order regarding a passenger car, thus the deal is "groundbreaking" for Groclin. Sea Tcon, a subsidiary of Groclin,  will be responsible for carrying out the order. The production process is likely to take place in one of the firm's factories in Ukraine, the agency also informed.