Beginning its operations as an umbrella, holding company in 2008 and, serving as a parent company of the group, it currently consolidates and manages the companies in its portfolio through its governance areas and common functions to provide support to member companies of the Group.
Thus, through the Sirač subsidiary, the Kufner Group has also provided goods carriage and transportation services within the holding to all Group members since 2022.
The Kufner Group carries on its activities through seven companies operating in three core business segments.
- MINERAL RESOURCES
- RAILWAY INFRASTRUCTURE
- INSULATION MATERIALS
The main activity of the Kufner Group is the exploitation of mineral resources and production of stone materials, that is, aggregates of various types and granulations, which are used in a number of industries, such as the production of building materials, construction and chemical industry, agriculture, and for the purposes of infrastructure projects. As basic materials, stone aggregates are essential in many production processes in various industries, being indispensable in the road construction, as well as in the construction and maintenance of railway infrastructure.
The mineral resources segment consists of Kamen Sirač d.d., as the pivotal company and leading manufacturer with a tradition spanning more than 140 years in the production and refinement of mineral resources, as a raw material base for a number of industries and construction activities. It is based in the town of Sirač near Daruvar. In addition to Kamen Sirač d.d., the mineral resources segment also includes the quarries under the name of Kamenolomi Banovina, incorporating Kamenolom Međurače d.o.o. (Ltd.) with ample mineral reserves in its own deposit near Petrinja and a gravel exploration field near Hrvatska Dubica which has been part of the Kufner Group since 2022, Kamenolom Bojna d.o.o. in Glina which joined the Kufner Group in 2024 and is of strategic importance for synergistic effects as part of railway infrastructure projects as well as road construction and maintenance, and Lika kamen d.o.o. which holds active licences to exploit limestone mineral resources and was acquired in 2024.
Through the acquisition of the railroad overhaul company Remont pruga Matić d.o.o., the Kufner Group expanded its core business in 2023 to include the construction and overhaul of the railway infrastructure, thus taking a strategic position in the expectation of a major investment cycle in this sector.
Since 2004 the Kufner Group has also been present in the insulation materials market. Having founded in 2007 a limited liability company Kumal S d.o.o., which embarked on the EPS production in 2008 only to proceed to the production of thermal insulation panels in 2008, it has since grown in distinction as a major manufacturer in the insulation materials segment which has developed its own brands (Simapor and Kumalit).
Late in 2024, the Kufner Group was transformed from a limited liability company to a public limited company with the aim of further developing its business operations and improving corporate governance standards.
FURTHER DEVELOPMENT STRATEGY OF THE KUFNER GROUP:
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We will continue to strengthen our leading market position in the key business segment of mineral raw material exploitation and stone aggregate production in Croatia while also planning to expand our business beyond the country’s borders, notably by marketing our products in the region. Looking ahead, organic growth will be supported by investing in the modernisation of the existing production capacities, business digitisation, research and development of new exploration fields, and by winning long-term concessions.
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The possibility of other acquisitions in the key stone aggregates segment—both in Croatia and in the region— will also be considered as we strive to reinforce our market position further to ensure long-term, sustainable growth.
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By expanding our core business to include the construction and maintenance services of the railway infrastructure, as an important user of stone aggregates, we envisage achieving additional synergies through vertical business integration. Strategic positioning for the upcoming cycle of major railway infrastructure investments is to place us favourably for participating in key projects, ensuring prerequisites for further stable growth and competitive edge.