18Dec

Termination of the existence of Jugoturbine

The Assembly of the Complex Company at its session held on November 16, 1990. made a decision on the termination of the Complex Company, explaining this decision by the bankruptcy of the Steam Turbine Factory, the announcement of the bankruptcy of the Pump Factory and the absence of any business concept that would justify the reasons for the existence of SP Jugoturbina. 12/17/1990 With its decision, the District Commercial Court in Karlovac opened the liquidation procedure at the company Jugoturbina. After the opening of liquidation, some of its companies continue to operate as fully independent companies. One of the independent companies is Adriadiesel, which still operates successfully today.