14. oktobar explained

14.oktobar
Native Name:Serbian: 14. октобар
Serbian: 14. oktobar
Native Name Lang:sr
Type:d.o.o.
Industry:Manufacturing
Location City:Jasički put 2, Kruševac
Location Country:Serbia
Area Served:Worldwide
Products:tractors, loaders, crawler excavators, bulldozers, components, agriculture machines and components
Revenue: €3.83 million [1]
Net Income: €0.20 million
Assets: €7.19 million [2]
Equity: €0
Owner:Czechoslovak Group
Num Employees:312

14. oktobar (Serbian: 14. октобар|14. oktobar) is a Serbian manufacturer of heavy machinery and equipment, headquartered in Kruševac, Serbia.

History

IMK 14. oktobar was established by Austrian and Hungarian investors in 1923 as Company specialized in wagons repair and manufacture. In the first years of the company, the primary activity is related to the overhaul and repair of vehicles and freight cars, at time is increased the use of quality in production technology by simultaneously extending the product range, which resulted in start of production of steel construction, metal consumer products, and products for use in the military industry.

After World War II, the company was nationalized and repaired from war damage. It was named in a memorial of the date when Kruševac was liberated form Nazi occupation in 1944. The company has oriented to production of construction, mining, agriculture and transportation, machinery and equipment for the purpose of manufacturing equipment and machine parts. It was one of the largest producers of heavy machinery in Yugoslavia.[3] During its golden times, it employed around 8,000 people.[4]

In 2015, after years of accumulated business losses, the company has suspended its production.[5] From 2014 through 2015, nearly all of 1,500 employees left the company, using the social program.[5] In 2016, the company has declared bankruptcy.[6] In March 2016, a new company was register under name "14. oktobar". It took production facilities of the former company on lease.

In 2017, "SCMG 14. oktobar" from Belgrade on behalf of Czech company "Czechoslovak Group" bought the company.[7] After the purchase, Prosecutor's Office of the Republic of Macedonia launched an investigation against former Macedonian head of the Administration for Security and Counterintelligence Sašo Mijalkov, on suspicion for money laundering and suspicious connections to the "Czechoslovak Group".[8]

Products

Machines

Tracked tractor

Wheel loader

Excavator

Agriculture machinery

Components

Other products

[13]

Military program

[15]

Notes and References

  1. Web site: КОНСОЛИДОВАНИ БИЛАНС УСПЕХА (2019) - 14. oktobar. apr.gov.rs. 20 December 2020. Serbian.
  2. Web site: КОНСОЛИДОВАНИ БИЛАНС СТАЊА (2019) - 14. oktobar. apr.gov.rs. 20 December 2020. Serbian.
  3. Web site: IMK 14. oktobar - ABOUT US . 2013-10-04 . 2013-10-04 . https://web.archive.org/web/20131004230440/http://www.14-oktobar.co.rs/onama-en.html . dead .
  4. News: Češka korporacija sutra preuzima "14. oktobar" u Kruševcu . 2 December 2018 . blic.rs . Tanjug . 13 October 2017 . Serbian.
  5. News: Stao "14. oktobar". 4 August 2015. b92.net. 4 August 2015. Serbian.
  6. News: IMK "14. oktobar" iz Kruševca dobio novog vlasnika. 15 November 2017. n1info.com. Beta. 4 November 2017. Serbian. 30 October 2018. https://web.archive.org/web/20181030050742/http://rs.n1info.com/a332597/Biznis/IMK-iz-Krusevca-dobio-novog-vlasnika.html. dead.
  7. News: Česi preuzimaju IMK "14. oktobar", posao za još 150 radnika. 8 December 2017. blic.rs. Beta. 4 November 2017. Serbian.
  8. News: Rujević. Nemanja. Istraga zbog kupovine "14. oktobra". 8 December 2017. dw.com. Deutsche Welle. 7 December 2017. Serbian.
  9. Web site: Crawler tractor - TG 120 CE . 2013-10-04 . 2013-10-04 . https://web.archive.org/web/20131004224404/http://www.14-oktobar.co.rs/tg-120-ce-en.html . dead .
  10. Web site: Crawler tractor - TG 160 CE . 2013-10-04 . 2013-10-05 . https://web.archive.org/web/20131005015328/http://www.14-oktobar.co.rs/tg-160-ce-en.html . dead .
  11. Web site: Crawler tractor - TG 220 CE . 2013-10-04 . 2013-10-04 . https://web.archive.org/web/20131004235303/http://www.14-oktobar.co.rs/tg-220-ce-en.html . dead .
  12. Web site: Crawler tractor - TG-50 D . 2013-10-04 . 2013-10-04 . https://web.archive.org/web/20131004221132/http://www.14-oktobar.co.rs/tg-50-en.html . dead .
  13. Web site: Working devices . 2013-10-04 . 2013-10-05 . https://web.archive.org/web/20131005013550/http://www.14-oktobar.co.rs/radni-uredjaji-en.html . dead .
  14. Web site: Containers . 2021-01-31 . 2016-08-15 . https://web.archive.org/web/20160815190510/http://www.14-oktobar.co.rs/kontejneri-en.html . dead .
  15. http://www.pks.rs/SADRZAJ/Files/CMIP/Partner2103.pdf Group of Armaments and Defense Equipment Manufacturers, p.21

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