Wednesday, 22nd October 2025

Končar Taps Hyundai Partnership to Power Asian Market Expansion

Croatian engineering giant secures landmark deal in South Korea, signalling its ambitions across the Asia-Pacific

Croatia’s Končar – Motors and Electrical Systems has struck a major deal with South Korea’s HD Hyundai Electric, marking a decisive step in its push towards the Asia-Pacific market. 

Under the contract, Končar will deliver 70 axial fans by December 2025 for a coastal infrastructure project, with the units engineered to withstand the harshest conditions, meeting top corrosion (C5) and mechanical resistance (IP66) standards.

Though the value of the deal remains undisclosed, the partnership is the fruit of two years of collaboration and positions Končar as a credible supplier within Hyundai’s vast industrial ecosystem, spanning shipbuilding, robotics, and clean energy. 

The Zagreb-based group has been steadily boosting its global footprint: in the first half of 2025, it reported a 33% rise in consolidated revenues to €636.8m, with exports accounting for more than 70%. 

For Končar, this latest contract is not just a commercial win but a strategic reference point—proof of its technological relevance in one of the world’s most demanding markets.

Have a news tip or story to share? Email us at info@connectingregion.com

Vučić Says Serbia Can Buy Russian Stake in NIS, but Moscow Prefers Third-Party Sale

The offer was made during a recent meeting with Alexander Dyukov, Chairman of the Board at Gazprom Neft, and...

Ferrari and Maserati Enter the Electric Vehicle Market

Ferrari unveiled its first fully electric car, the Elettrica, boasting over 1,000 hp, four in-house-developed electric motors, a 0-100...

Zuckerberg Predicts Mobile Phones Will Disappear by 2030

TThis is inevitable as new technologies like augmented reality (AR) glasses and virtual reality (VR) devices reshape how people...

ProCredit Launches ProConnect Platform

The platform is the first of its kind in the region, offering firms the ability to present their products...

Switzerland Tops Global Innovation Ranking, China Enters Top 10

China has entered the top 10 for the first time, taking the 10th spot and replacing Germany, which fell...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities