After Century of Existence, Koncar Group Remains Leader in Development

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Končar - Electric Vehicles Inc. | Končar - Electric Vehicles Inc. Facebook
Končar - Electric Vehicles Inc. | Končar - Electric Vehicles Inc. Facebook

As Jutarnji list reports, with an immeasurable contribution to Croatian industry, the Koncar Group has references in almost 130 countries, to date, they have produced and delivered more than 400,000 transformers of various types, voltage levels, and powers, partially or completely built and revitalised 375 hydropower plants, produced and revitalised 700 generators as well as manufactured and delivered nearly 200 low-floor trams and trains.

At the Koncar group, the tradition of knowledge, innovation, and commitment to the company is nurtured and developed from one generation to another. Generations have participated in the creation of one of the leading regional technology companies. Throughout its existence, Koncar has always been one of the leaders in development in its activity and the overall Croatian economy. Products and equipment made by this company are present on all continents, and the realised export in the hundred-year history of 6.4 billion USD is proof of its top quality, reliability, and constant technological progress.

In 2021, the Koncar Group celebrates its 100th anniversary, and the beginning of this celebratory year was marked by excellent business results and strong organic sales growth. Consolidated operating revenues for the first three months of 2021 amounted to an impressive 709.2 million kuna, which is 15 percent more than was recorded back during the same period in 2020. 

“Despite a difficult period, we were able to act quickly and adjust our business processes to the “new normal” in order to maintain a positive business trend. That acts as proof of our expertise, quality, knowledge, and the courage we showed during the pandemic. We’ll continue to work diligently, taking into account the well-being of all of our customers, employees, owners, and business partners,” the President of the Management Board of Koncar, Gordan Kolak concluded.

One of the main assets of the Koncar Group, which is the development and production of rail vehicles, has greatly contributed to the aforementioned excellent results. Thus, Koncar confirmed its status of a Croatian synonym for rail vehicles with a contract with HŽ Putnički prijevoz (passenger transport), as it will deliver 12 electric trains for urban-suburban and regional traffic. This business area of ​​the Koncar Group is recognised on the international market, especially when it comes to electric trams. In November 2020, the Koncar Group delivered their first tram to the Latvian city Liepaja, and a total of twelve of them for that customer, more specifically Liepajas Tramvajs, will be delivered by April 2022.

With such cooperation, Croatian railway transport will certainly experience a significant step forward. The export of trams to Latvia has opened the doors of the European Union for this well respected Croatian company.

For more about business in Croatia, follow TCN’s dedicated page.


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