Agrokor

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Agrokor d.d.
Type Private
Founded 1976
Headquarters Zagreb, Croatia
Key people Ivica Todorić, President
Products Food, drink, retail
Revenue ▲ 12.617 billion HRK (2005)
Employees 31,000
Website www.agrokor.hr

Agrokor (pronounced Agg-rho-core) is the largest private company in Croatia. Today, Agrokor employs more than 31,000 people. The core business of the company is food and drink. Other than Croatian subsidiaries, Agrokor also has companies from the region, like Ledo Čitluk, Sarajevski kiseljak, Velpro Sarajevo, Frikom Belgrade, Ledo Hungary, and Fonyodi from Hungary. The company goal is to have a key position in the region.

Contents

[edit] History

1976

  • A private firm for the production of flowers and flower seedlings is founded by Ivica Todoric
  • A countrywide distribution network is established as the first greenhouses for the flower production are built
  • In the first year of operation, the firm quickly developed and employed more than fifty people

1977 - 1988

  • The market leader in the trade of flowers is Agrokor
  • Import and export of cereals, oil-crops, fruits and vegetables begin to flourish, bringing profit and expansion to the business

1989 - 1991

  • In 1989 the joint-stock company Agrokor was registered
  • Soya crushing plant in Zadar is acquired
  • Agrokor becomes engaged in the construction industry

1992 - 1993

  • Ownership shares are acquired at Jamnica and Agroprerada
  • Foundation of the hunting area Lovno gospodarstvo Moslavina d.o.o.
  • Reconstruction and commencement of production at Jamnica, that was destroyed in the war
  • Acquisition of majority shareholdings at Zvijezda and DIP Turopolje
  • Margo, a new margarine brand of Zvijezda is developed
  • Konzum joins the Agrokor group

1994 - 1995

  • Acquisition of majority shareholdings at Ledo, Konzum, Silos-mlinovi, Bobis and Solana Pag
  • New production lines at Jamnica. Filling of original PET bottles begins
  • A modern distribution system is introduced at Zvijezda and Jamnica
  • The Agrokor Group is registered
  • Opening of the first Super Konzum
  • New production line - non carbonated natural mineral water

1997 - 1999

  • New PET packaging capacity in Jamnica
  • Acquisition of Jaska vino d.d. on whose premises the production of juices and high-quality wines under the Podrum Mladina brand is located
  • The Juicy brand gets a new juice production plant
  • The construction of the distribution center begins, the biggest investment project of Agrokor so far
  • Silos Mlinovi and SRC Andrijasevci registered as PIK Vinkovci d.d.
  • Ledo riba (Ledo fish) is introduced

2000 - 2001

  • Agrokor owns a 97,4% share of Sarajevski kiseljak
  • EBRD loan worth 170 million euro to Agrokor
  • Agrokor opened the largest Distribution center in Croatia and the region
  • Ledo Čitluk is founded in Čitluk, Bosnia and Herzegovina
  • Konzum enters into buying up fruits and vegetables in the Neretva valley together with the company DAD Mala Neretva
  • Konzum establishes the Wholesale Centers Division
  • Ledo accepts strategic business cooperation with Irida from Daruvar on the distribution and production of frozen fish

2002 - 2003

  • Eurobond issue the amount of EUR 130m at the Luxembourg Stock Exchange
  • The new natural spring water plant (Sv. Jana) begins construction
  • Acquisition of Alastor d.o.o.
  • Agrokor organizes production of first ECO-CHICKEN in Croatia
  • The Agrokor Group has become the owner of the majority share package (55.49 per cent) of Frikom a.d.
  • Jamnica natural mineral water was awarded the EAUSCAR as the best natural sparkling mineral water
  • Agrokor acquires 51% capital share of TP DC Sarajevo

2004

  • Jamnica's flavored water Jana strawberry/guava awarded with an EAUSCAR in Paris
  • The ice cream industry makes significant investments in new production and distribution (Čitluk, Sarajevo, Belgrade, Zagreb, Maribor)
  • Frikom's debt refinanced by EBRD loan in the amount of 13.1m euro
  • Konzum invests significant funds in the refurbishment and purchase of new sales outlets
  • First store in Bosnia and Hercegovina opened - VelPro Rajlovac
  • Konzum acquires 100% share of the company Medijator, Dubrovnik
  • 100% share of the company Sloboda, Osijek acquired
  • Fonyodi and Baldauf (today Ledo kft. Hungary) are acquired
  • Agrokor is the owner of 58.11% of shares of Agrolaguna, Poreč

2005

  • The third water "Oscar" (EAUSCAR) is won by Jamnica's Jana - natural spring water
  • Agrokor becomes majority owner of PIK Vrbovec and Belje
  • The first store of the new Konzum format Kozmo drug store was opened.

[edit] Subsidiaries

[edit] Food Group

  • Agrokor Zagreb
  • Agroprerada
  • Agrolaguna
  • Dijamant
  • Frikom
  • Irida
  • Kikindski mlin
  • Jamnica
  • Ledo
  • Ledo Čitluk d.o.o.
  • Ledo kft.
  • Mladina
  • PIK Vinkovci
  • Sarajevski Kiseljak
  • Sojara
  • Solana Pag
  • Zvijezda

[edit] Retail Group

  • Centropromet
  • Idea
  • Japetić
  • Kmobile
  • Konzum
  • Mediator
  • TP DC Sarajevo
  • Veleprodajni centar

[edit] Business Group

  • Agrokor trgovina
  • Agrokor HG
  • Lovno gospodarstvo Moslavina
  • Rijecka tvornica konopa

[edit] See also

[edit] External links