KONCAR CELEBRATES 75TH ANNIVERSARY

ZAGREB, March 8 (Hina) - The Croatian electrical equipment manufacturer "Koncar" celebrated its 75th anniversary on Friday in Zagreb. Koncar's managing director Vjekoslav Srb detailed basic information about the company and its business activities. Koncar had some fifty subsidiary companies based in Croatia and abroad, in countries such as the United States, Egypt, and Malaysia and in important European countries. The controlling interest in Koncar was held by the Croatian Privatization Fund, with Siemens as the second largest shareholder. The rest of the DEM 400-million equity was held by small shareholders. Koncar's corporate income in 1995 amounted to more than 360 mil. DM which was 8% more than in 1994, Srb said, adding that exports accounted for 40% of the total amount. The projected corporate income for 1996 totalled 412 mil. DM, of which 160 mil. (30% more than last year) were expected export proceeds. Prime Minister Zlatko Matesa praised Koncar's business policy, oriented toward international markets. (hina) lm jn 081906 MET mar 96