Hrvatska; Jadranska Hrvatska; Splitsko-dalmatinska županija
Location of affected unit(s)
Kastel Sucurac, City of Split
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys

190 - 200 jobs
Number of planned job losses
Job loss
Announcement Date
18 November 2015
Employment effect (start)
23 November 2015
Foreseen end date
1 November 2016


The Plant Adria Celik (Adria Steel) was established in 1971 and in July 2013 it became 100% owned by the company Techcom GmbH which paid HRK 10.3 (€1.36m) for it and pledged to invest €8.5m.The enterprise consists of electro-steel-melting and rolling shops with an annual production rate of 200 thousand tonnes of bar-rolled stock of high-quality. During 2012 - 2013 large-scale modernisation, repair and replacement of metallurgical equipment was carried out.

Production was stopped however in summer 2014 and the company's bank account has been blocked for more than a year and half. Debt grew to HRK million 11.4 (€1.5m). Workers have not received their salaries for eight months and in the Commercial court of the City of Split on November 17 2015 the company was declared bankrupt. 190 will be laid-off.


  • 18 November 2015: www.poslovni.hr


Eurofound (2015), Adria Celik (Adria Steel), Bankruptcy in Croatia, factsheet number 85437, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85437.