Year of establishment
1990
Location
Užice
Founder
Mihailo Selaković
Business information
2018
2021
2023
Full-time employees
88
88
89
Turnover (EUR)
1,9 mil
2,6 mil
3,3 mil
Export (EUR)
1,4 mil
1,9 mil
2,7 mil
Products/Services:
Tools made of hard metal and steel: Forging dies, forging punches, special high-precision tools upon customer request.
Highlight a business move you made in 2023 that you are particularly proud of:
We are extremely proud of entering the supply chain of multinational companies. In this way, we have been recognized as a reliable partner and supplier of high-precision and quality tools.
In line with our commitment to environmental protection, we are also proud of the expansion of our solar power plant and achieving the status of a producer and consumer of electricity.
As part of the Process Optimization and Reengineering project, we continued with the digitalization of our processes and expanded the capabilities of our production software.
Additionally, we are proud to have established cooperation with an American company, which plans to become our exclusive distributor for the U.S. and Canadian markets within the next year.
Markets
Switzerland, Germany, Italy, Hungary, Austria, Spain, Turkey, Russian Federation, Latvia, Israel, Egypt, Bosnia and Herzegovina, Montenegro, Slovenia, North Macedonia, Bulgaria, France, United Arab Emirates
Rank the suggested initiatives as your contribution to the New Growth Agenda for the SME sector based on their importance to your business.
(Please rank the provided responses from 1 to 6, where 1 is the most important to you and 6 is the least important – priorities must not be repeated):
Establishment of a Development Bank: A bank where you could borrow under more favorable conditions.
5
Tax Credit: The possibility of not paying profit tax on the part of the profit that you reinvest.
1
Equal Opportunity for All: A business environment that is guaranteed to be predictable and free from corruption.
4
Independent Development Agency for SMEs: An agency that you could contact to develop support measures tailored to your needs and the needs of the Serbian economy.
6
Providing Opportunities for Domestic SMEs to Participate in Expo 2027 Projects: Promoting the integration of domestic SMEs into international events such as Expo 2027, increasing their visibility and market opportunities.
2
Strengthening Support Programs: Improving existing support programs with better targeting and providing technical assistance to ensure SMEs can fully utilize available resources.
3
If your company had the opportunity to participate in Expo 2027 (either in the preparation of Expo 2027 or at the Expo 2027 event itself), how do you think you could participate?
It would be beneficial to present the company to both the Serbian and international markets in the best possible way, in terms of tool quality and precision, as well as flexibility in responding to all client demands.
What improvements and programs would you suggest that you think could contribute to your business and the Serbian economy?
The greatest incentive would be, as mentioned above, the possibility of not paying corporate tax on the portion of profits that are reinvested.
