Inter-kop opens daughter company in Kazakhstan - Significant progress made by construction company after two decades of operations

Inter-kop's headquarters in Sabac

The construction company Inter-kop opened a daughter company in Kazakhstan in May 2011 in order to expand its operations to the territory of that Asian country. In 2011, when it celebrates its 20th birthday, the Sabac-based company works on Corridor 10, construction of a bridge across the Sava near Obrenovac, regulation of the Trnava river, construction of the main postal center in Zemun, Mirijevski boulevard in Belgrade, emergency housing in New Belgrade and Vozdovac, etc.

- This year we are carrying out big works on the territory of our country. The time will come when all large construction works in the country will have been completed and construction companies will not have anything to do any more, which is now happening in Slovenia and Croatia. We are thinking in advance and getting ready for foreign markets. In the search for new jobs, we have opened our branch office in Kazakhstan. It is a company that is registered as local and will be implementing the projects financed from the national budget of Kazakhstan. We have already signed an agreement with Serbian companies Energoprojekt and Ratko Mitrovic on the joint work on the projects financed by the World Bank in Kazakhstan, Uganda, and other countries – Rade Nikolic, owner of Inter-kop, explains for eKapija.

According to Nikolic, the company will start doing its first job in Kazakhstan, worth 9 million euros, in late June, while even larger works in that country are expected in the future.

(Rade Nikolic)

- Our companies have not had any significant references over the last 20 years because there have been no significant projects in the construction industry. Based on big projects we are implementing in association with the company Strabag and other companies, we expect to get some bigger contracts as an independent contractor in our country. Crisis in the construction industry is very serious in the past few years, but we expect to achieve better business results this year – says Nikolic.

The revenue of Inter-kop in 2010 amounted to EUR 80 million, while the projected revenue for this year is between 105 and 110 million euros.

- In the period between 2001 and 2008, that is, until the global economic crisis hit the industry, we invested EUR 45 million in movable and immovable property. Since 2006, 95 percent of the works we have been carrying out are for the state. Before that, we mainly worked for domestic and foreign investors. Although there are certain debts, we have to work because we don't have a better state. We had to work a lot at the time of the crisis, at low prices, but it was important to us to save the company – Nikolic stresses.

Inter-kop was founded in 1991 in Misar, near Sabac. The company and its associated partners employ over 1,800 people.

Inter-kop Niskogradnja

The civil engineering sector of this company has all the necessary technology and personnel. It is engaged in the construction and reconstruction of junctions, bridges and, since recently, tunnels. The company has over 300 workers in this sector.

Inter-kop currently works on the projects of construction of Corridor 10 (lot 1.1, Y branch-Kelebija), construction of Mirijevski boulevard in Belgrade, reconstruction of the road R-101 Obrenovac - Ub, lot A2 Batajnica - Dobanovci, regulation of rivers Trnava and Guca.

The company lists the reconstruction of Kralja Aleksandra Boulevard and Pozeska street in Belgrade as important projects that they completed last year.

Every year the employees of Inter-kop produce and build in over 200,000 tonnes of asphalt and more than 200,000 cubic meters of buffer layers made of stone.

As the owner explains, the company has the capacity to build in up to 500,000 tonnes of asphalt a year.

Inter-kop is currently working on the following bridge building projects: bridge across the Sava river in Obrenovac, bridge on Corridor 10 (81km), bridge across the Vrbas river, the bridge on Kelebija-Subotica road, bridge on Horgos-Novi Sad road (40km), bridge across the Tamis river in Secanj, bridge on the Tisa river near Ada.

Inter-kop Visokogradnja

The high-rise building sector of the company is specialized for all kinds of construction works and it has so far built over 170,000 square meters of various types of facilities. It employs more than 350 workers.

Inter-kop now works on several big projects, including the construction of the main postal center in Zemun, emergency housing in New Belgrade and Vozdovac (former 4.juli barracks), construction of apartments in Veliki Mokri Lug, reconstruction of Tasmajdan park, the Rectorate building of the University in Novi Sad, kindergartens and schools.

Some of the company's references in the previous period are as follows: renovation of the warehouse on the grounds of the factory Zorka Mineralna Djubriva-Sabac, construction of the business center Mercator-Roda in Sabac, construction of the business-storage space Thyssen-Krupp Materials, construction of a primary school in Borca, reconstruction and refurbishment of the children facility Kaludjerica, as well as the construction of emergency housing in Kamendin.

The company Inter-kop is also engaged in transport (international and national), production of stone and stone agreggate, concrete, asphalt, as well as trade (it owns a warehouse for building materials and a ceramics showroom).

S.O.