Year 2011

KONČAR SIGNED THE CONTRACT AGREEMENT IN TURKEY

KONČAR’s company, KONČAR – Generators and Motors Inc, on December 22, 2010 signed the Contract Agreement in Istanbul for supply of electromechanical equipment for HPP Aslancik in Turkey.The contract includes two generators with rated output 66,6 MVA and associated equipment.
KONČAR has won the Contract despite the strong international competition proving that, despite the fact that the energy sector is still feeling the effects of global crisis, KONČAR manages to retain its position in the demanding world market. In addition to verification of its’ competitiveness in relation to the world’s most powerful companies in the sector, this Contract has marked an entrance on the fast-growing new market – confirmed by direct calls to the offering of equipment for new projects in Turkey.

FEBRUARY 11th 2011 KONČAR – ELECTRICAL INDUSTRY INC. – SUPERVISORY BOARD MEETING HELD

The Supervisory Board held its 11th meeting on 11th Februry 2011.
Supervisory Board acknowleged the nonaudited financial reports for the year 2010. Supervisory Board also accepted the resignation the member of Management Board mr. Vladimir Plečko due to his retirement. In accordance with the Company Charter, as suggested by President of the Managing Board Darinko Bago, the Supervisory Board appointed dr.sci. Miroslav Poljak Member of the Managing Board.