Yugoturbina, “Tjednik” (“Weekly”)

The name “Yugoturbina” was first mentioned in the local press on April 16, 1954 in “Karlovački tjednik” (“Karlovac weekly”) no. 16 from that year. The “Edvard Kardelj” factory is no longer mentioned because the company changed its name

Development of Yugoturbina – Growth in the number of workers

The expansion of production, intensive development and the opening of new plants were in the observed period the basic features of the work and operations of Yugoturbina, which led to a larger increase in the number of employees.

In 1977, Yugoturbina employed 5,000 workers, and in 1986 it was 8,593, in nine years the number of employees increased by 2984. If the natural annual outflow is taken into account, it means that about 430 new workers were employed annually, or a total of 3870.

At the same time, the increase in the number of employees significantly changed the qualification structure, in which the educational level of workers with higher education is growing faster.

Such intensive development was followed and at the same time enabled adequate business results and a relatively good position on the domestic and world markets.

Development of Yugoturbina 1972-1990

The overall economic and political situation in the former Yugoslavia and Croatia has always been extremely important and influential in the development of the factory. It is known that at the beginning of that period of the factory’s development, the economic and political crisis in Yugoslavia and its republics was more and more pronounced.

All the factory’s management, from its founding in 1949 until 1990, sought to overcome the effects of the economic and political crisis by constantly expanding production, market and strengthening the economic responsibility of individual productions.

The development of the factory in that period was especially marked by:
– organizational adjustments based on the Constitution and the Law.
– concentration of Karlovac metal industry companies around Yugoturbina.
– department of production parts outside Karlovac.
– further technological development.

Ship turbines, “Vjesnik”

“The construction of the first ship turbine with a capacity of 420 horsepower will soon be completed at the “Edvard Kardelj” factory in Karlovac.

Soon it will begin a production of 250-kilowatt backpressure turbines, which are now under design.”

(“Vjesnik”, September 6, 1952)

Yugoturbina in the period 1963-1973

Period 1963-1973 can be marked as a period of stabilization for production of basic products, and increased production for the domestic market and exports. Employee turnover has calmed, and the number of highly skilled technical but also economic-financial and legal staff is increasing.

The management of the factory has been stabilized as well as the managing people in turbines, engines and pumps. New machine tools are purchased. Turbine, engine and pump test stations are completed. Mechanographic processing of all data is introduced – ARITMA.

Social standard of Yugoturbina employees – Education

Education as one of the most important determinants of factory survival was considered incomplete, with an insufficient number and uncoordinated structure of employees. For example – at the time of the financial crisis, the factory employed 35 graduate mechanical engineers (still insufficient for production), with two graduate economists and one lawyer.

Due to the need for workers of all professions, a comprehensive program of support for employee education has been defined.

With financial, personnel, and moral support, Yugoturbina in Karlovac was the leader in the development of all forms of education at a higher level.

Foundation of Yugoturbina

Yugoturbina factory was founded with FNRJ government’s decision year 07. 24. 1949. under the name “Edvard Kardelj” and was registrated at financial administration JNA in register military commercial enterprises in Beograd.

By decision of the Federal Executive Council 02. 06. 1954. the factory was separated from companies that produce for specific JNA needs.

By the decision of the People’s Committee of Karlovac year 03. 31. 1954. the decision of the Workers’ Council was accepted on factory name change from “Edvard Kardelj” to “Yugoturbina” – turbine and machine factory Karlovac.

The name of the factory was changed again by the decision of the Workers’ Council year 05. 23. 1969. and the full name of the factory was “Yugoturbina” – factory of steam turbines, diesel engines and pumps Karlovac

Hapag-Lloyd doesn’t need state aid in COVID-19 crisis

German container shipping company Hapag-Lloyd will navigate through the COVID-19 crisis without seeking state aid.

Many other large companies in Germany have required a support from the government, Hapag-Lloyd sees no need for any financial support. The problems are minor.

“We will not look for government support as we are pretty confident that we will manage to get through this crisis on our own,” -spokesperson of Hapag-Lloyd.

All investments have been delayed such as ordering of new boxships.

Hapag-Lloyd currently has a fleet of 248 ships.

Cummins Adriatic

Several containers full of engines and equipment for equipping a boutique cruiser engine room have recently left Croatia for Vietnam. The Croatian company Cummis Adriatic was selected for this project, in great competition among global bidders. Many projects are currently underway, a team of Croatian designers from the Trogir company Yacht Design has received an interesting project – a luxury cruiser that should sail in the fleet of Emerald Waterways. A superyacht with a capacity of 100 passengers should start operating in 2021.