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23. August 2019

Croatian Company from Zadar Exports 85 Percent of Products to EU, USA

Three Croatian engineers have launched a company called HSTec, which currently employs ninety workers and has an impressive turnover of 70 million kuna.


As Poslovni Dnevnik/Darko Bicak writes on the 21st of August, 2019, on the "ruins" of Zadar's former SAS, a formerly globally renowned speciality machine tool factory, a brand new Croatian company under the name of HSTec was created, which has taken over some of their former glory and is now recognised worldwide for its sophisticated engines and robotics.

Namely, 22 years ago in one former SAS facility in Zadar, three Croatian engineers - Željko Goja, Mladen Šarlija and Frane Marasović, started the HSTec (High Speed ​​Technique) company, and perfected the production of high-speed motors for machine tools that handle parts in the automotive industry.

As was explained by Mladen Šarlija, the director and CEO of the aforementioned company, today, HSTec is at the top in terms of the world's production of high-speed motor spindles for the tool industry and robotics for various applications and industries, and is known for being a very stable and export-oriented company. This Croatian company exports as much as 85 percent of its products and services and is present on demanding markets across the European Union, as well as across the Arlantic ocean in the USA.

The major buyers of HSTec's automotive products come from the glass, foundry and food industries.

"Over the last few years, we've been implementing a number of projects, ranging from the construction of our production and business premises, to new product development projects with a total value of approximately 14 million kuna. Those projects, which are co-funded by EU funds, there has been employment growth and the raising of the company's income through sales, and through the expansion of production facilities and the improvement of working conditions, all the way to strengthening development capacities and, consequently, increasing the company's reputation,'' explained Šarlija.

The Croatian Agency for Small Business, Innovation and Investment (HAMAG-BICRO) has certainly proven to be one of the major sources of EU fund withdrawal, for which several projects have been applied by HSTec for open calls and programs, thus raising investments of 18.5 million kuna in total.

Through the Internationalisation of SME Businesses, Capacity Building and Investment in Equipment, Commercialization of Entrepreneurship Innovation and PoC7 programs, HAMAG-BICRO have awarded this Croatian company almost 6 million kuna in grants.

These investments have enabled them to grow their business, and as a result of increasing orders and establishing new partnerships, HSTec has increased employment, and by 2022, they plan to employ fourteen new employees in addition to the existing ninety. The company had revenues of 70 million kuna and a profit of 9.2 million kuna last year.

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