Monday, 20 July 2020

Pandemic Doesn't Dampen Varazdin Company's Solar Panel Business

The ongoing coronavirus pandemic has thrown a major spanner in the works economically in every possible sense, but one Varazdin company hasn't let it get in the way of their production, and they're doing better than anyone could have possibly imagined given the dire circumstances.

As Poslovni Dnevnik writes on the 19th of July, 2020, approximately 1,500 solar panels are produced on a daily basis at the plant at the entrance to the Northern Croatian town of Varazdin. Coronavirus has not harmed this Varazdin company's business, and the demand for their products is greater than they can manage to keep up with and produce.

"The price of one solar panel, some standard type, is 500, 600 kuna, depending on the power. And of course we know that for installation we always need a few panels. It all depends on the level of consumption of the house, whether it's two, three. four, or five kilowatts. So, the installation comes in costing a few thousand. Let's say from 7,000 - 8,000 kuna, all the way up to 20,000 kuna,'' explained the Stjepan Talan, the director of the Varazdin company Solvis, for RTL.

There is almost no part of the world where these solar panels aren't producing solar energy - from Germany, Italy, France to Canada and the United States. Their solar panels are also sought by the global technology giant - Google.

''Our most promising customer outside is in America, Google, a company that builds its own data centres and where we work for them with special cover solar panels,'' said Talan.

The factory belonging to this Varazdin company produces about half a million solar panels a year. Unfortunately, when we talk about solar installations, Croatia is at the very bottom of the European Union, but despite that, general interest in solar panels here in Croatia continues to grow significantly.

In order to encourage people to produce their own energy as much as possible and be energy independent, the state offers co-financing up to a maximum of 75,000 kuna.

For more on Croatian companies and products, follow Made in Croatia.

Friday, 17 May 2019

Successful Croatian Company ''Include'' Enjoys Yet More Investment

The highly successful Croatian company ''Include'' recently celebrated its fifth birthday, and today this remarkable company has had its worth valued by an independent auditing house, and that worth has been estimated at more than 110 million kuna.

As Poslovni Dnevnik writes on the 15th of May, 2019, Solin's Include, a Croatian company which produces smart benches headed by young entrepreneur Ivan Mrvoš, is continuing to go from strength to strength. Mrvoš recently confirmed the first direct investor in a new investment round. That investor is no less than Stjepan Talan, the director of the Varaždin-based company Solvis. Solvis currently employs 180 people, and back in 2017, this company recorded more than 600 million kuna in revenue. In addition, the company has been listed on the London Stock Exchange for the past two years among the 1000 companies that inspire Europe.

"For the last ten years, my company, Solvis, has been successfully doing business and selling its solar panels on global markets. I'm looking at the company Include with perspective, and, considering the fact that it works in the same industrial sector, I think this investment can contribute to the betterment of overall business, primarily synergy between Solvis and Include,'' stated Solvis' Stjepan Talan.

Cooperation between Include and Solvis started back in 2015, and otherwise, Include launched a new investment round twenty days ago, via the Funderbeam platform, and up until now, an impressive eleven million kuna has been raised by 450 investors from Croatia and across the world. In addition to the money raised by Include through the platform, negotiations with several private investors such as Stjepan Talan and the total investment amount (private investors and the Funderbeam platform) that sum could reach up to thirty million kuna.

Include exports eleven products to 43 global markets, and are present in 260 cities around the world. The company's worth was estimated at 110 million kuna this year by an independent auditing firm. Owing to its innovative, smart urban furnishings, the Croatian company has already won several much deserved awards and recognitions, such as Deloitte's Technology Fast 50 and Forbes' 30 under 30 award for its founder, Ivan Mrvoš.

"We're exceptionally pleased that this cooperation with Solvis has given us a new dimension,'' said Include's Ivan Mrvoš.

Make sure to follow our dedicated business and Made in Croatia pages for much more.