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The KONCAR group celebrated its 100th anniversary

Photo from transformer magazine website

KONČAR Group marks 100 years of doing business in nearly 130 markets worldwide.

On 24 January, KONČAR Group, the regional leader in power engineering, marks its 100th anniversary. Over a century of business operations, it has established itself as one of the largest Croatian exporters and one of the longest-lived Croatian companies.

Gordan Kolak, President of the KONČAR Management Board said:

“The greatest importance in KONČAR’s success can be attributed to its employees, who have invested their expertise, knowledge, and dedication in making this company what it is today. I can proudly say that in 100 years of doing business, we have delivered our products and services to almost 130 markets worldwide. We have delivered 400,000 transformers of various types, voltage levels, and power outputs to all continents, constructed and reconstructed 375 hydropower plants, manufactured and revitalized 700 generators, and manufactured and delivered 180 low-floor trams and trains”, said Kolak, continuing that despite the demanding circumstances caused by the global pandemic, KONČAR Group managed to maintain high-level performance, with estimated revenue from the sale of products and services of nearly HRK 3 billion, which represents a 6% increase compared to the revenue generated the year before. “2020 was a turning point for us. It showed us once again how important it is to have a high-quality system that functions even at times of the greatest crisis. That is precisely why I am pleased to be celebrating our 100th anniversary after such a difficult and challenging year, and to be reminded once again that during all these years we have shown agility, adaptability to change, resilience and undeniable dedication of our employees,”

Despite the demanding circumstances caused by the global pandemic, KONČAR Group managed to maintain high-level performance, with estimated revenue from the sale of products and services of nearly $480 M, which represents a 6 % increase compared to the revenue generated the year before.

The KONCAR group’s goal in 2021:

KONČAR Group intends to maintain its high-level performance in the future, and consequently, its business plan for 2021 envisages further growth and improvement of operational efficiency. In 2021, the KONČAR Group companies plan to generate operating income in the amount of $550 M (HRK3.4 B). The total planned value of newly contracted transactions in 2021 is $500 M (HRK3.1 B), with a share of 58 % in the foreign market, and the planned major export destinations being Germany, Sweden, Austria, Latvia, Hungary, North Macedonia and the United Arab Emirates.

“Our goals are very clear – growth and development of employees, further improved efficiency of organizational structure and production processes, increased revenue, as well as the opening of new markets and expansion of our products and services portfolio. All that will enable continued growth and development of the Group, which I believe will maintain its competitiveness in markets around the world and continue to demonstrate how good a partner it is to Croatian entrepreneurs and economy”, said Kolak.

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Am Cham websitetransformers-magazine website

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