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Industrial Manufacturing Excellence

The industrial manufacturing sector is a key driver of exports and employment in the Adria region

Bosnia and Herzegovina’s economy benefits significantly from its diversified manufacturing base, including a growing automotive parts and textile manufacturing industries. Key players like Prevent Group, which focuses on automotive components, and Bekto Precisa, which specialises in precision tools and moulds, contribute to the industrial landscape.

A diverse manufacturing base characterises Slovenia, making it a significant player in the region’s industrial landscape. Companies such as Gorenje, renowned for its high-quality home appliances, are key contributors to the economy. The pharmaceutical sector is particularly strong, with giants like Lek and Krka leading the way in research, development, and production of a wide range of medical and health products. In Slovenia, Renault’s Revoz car factory produces between 68,000 and 98,000 vehicles annually. The country’s manufacturing sector is further diversified by its advanced machinery and equipment production, supported by firms such as Hidria and Kolektor. Medical and pharmaceutical products account for a third of Slovenia’s total exports. These industries collectively underscore Slovenia’s robust industrial manufacturing capabilities, driving innovation and economic growth.

Serbia stands out with its strong industrial manufacturing sector, contributing significantly through the automotive and machinery manufacturing industries. The manufacturing sector is strengthened by companies like Metalac, known for its production of kitchenware and home appliances, further diversifying Serbia’s industrial output. Among the largest exporters from Serbia are ZF with €504.8 million, Leoni with €489.3 million, Tigar Tyres with €454.9 million, and Bosch with €453.1 million. Henkel Serbia achieved a net profit of 2,679,144,000 dinars in 2022. Due to increased sales on both domestic and foreign markets, Gornji Milanovac-based Metalac nearly doubled its net profit in 2023, reaching €546,000.

In 2023, Rimac Group achieved a total annual revenue of €9,666,336

The newly created value of the company Pliva Hrvatska in 2023 amounted to €221.28 billion

Končar Group achieved business revenues of €915.6 million, 26.2% more than in 2022

In Slovenia, Renault’s Revoz car factory produces between 68,000 and 98,000 vehicles annually

Henkel Serbia achieved a net profit of 2,679,144,000 dinars in 2022

Metalac from Gornji Milanovac nearly doubled its net profit in 2023, reaching €546,000

In Croatia, industrial manufacturing is well-established, particularly in shipbuilding and automotive parts. Companies such as AD Plastik and Brodosplit are key players in these industries. Rimac Automobili is also a standout, renowned globally for its high-performance electric vehicles and cutting-edge automotive technology. In 2023, Rimac Group achieved a total annual revenue of €9,666,336. The country also has a strong presence in pharmaceuticals and chemicals, with Pliva and Belupo leading in pharmaceuticals and Petrokemija contributing significantly to the chemical sector. The newly created value of company Pliva Hrvatska in 2023 amounted to €221.28 billion. Končar Group achieved business revenues of €915.6 million, 26.2% more than in 2022.

North Macedonia’s industrial landscape features significant contributions from companies like Johnson Matthey Skopje, the country’s most profitable company, which made €79.8 million in profits.

While smaller, Montenegro’s manufacturing sector is dominated by the processing industry, which accounts for 55% of the country’s industrial production. The total annual production of all industries in Montenegro exceeds €420 million, about 8.5% of GDP. This sector is crucial to economic stability and growth, supported by companies that enhance the country’s industrial output. ∙

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