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NEWS

150 YEARS OF QUALITY AND DEVELOPMENT ASSURANCE
ANNIVERSARY OF ‘’ZASTAVA’’ FORGING SHOP

Kragujevac, January 4 2008
Oriented toward the world and Europe, ‘’Zastava’’ Forging Shop celebrated 150 years of its existence and operations. The Forging Shop in Kragujevac started its operations, on the basis of the Decree of the Prince Aleksandar Karađorđevic, and as they said - it was one of the biggest Shops on the route from Vienna to Istanbul. Many generations of smelters and blacksmiths had worked in the Forging Shop and experience, as well as high grade product quality remained behind them, but present employees and management knew exactly what they wanted, which way one should go and the vision of the Forging Shop for the next 150 years.

The customer and market are the base for present business operations and success. The competition in the products produced by ‘’Zastava’’ Forging Shop is tough, but this isn’t the obstacle for successful entering the West European market, and there is also certain interest of Japan. All this was made possible by long lasting management’s interceding in favor of personnel reforming and renewal. The result is the possession of the Certificate ISO 9001. The potentials of cold and hot forging, as well as differential orbital forging are the advantages putting ‘’Zastava’’ Forging Shop on the top of the business line and considering it as a serious competitor in the West and the East. New investments in machines, technologies and equipment contribute to a high quality of products coming out from the Shop. Innovations, cooperation with famous institutions and Faculties of Engineering are a part of daily business and operations of this Shop.

In 2005, 80% of the capital of ‘’Zastava’’ Forging Shop was bought by ‘’Intertrust’’ from Bulgaria, property of Valentin Zaharijev.

- ‘’It is a pleasure to develop successful business of ‘’Zastava’’ Forging Shop in the next 150 years’’, stressed V. Zaharijev. Many guests, customers, associates, former directors and workers of the Forging Shop foresee a bright future for it.

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