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ICEMAK DOO - A Macedonian Non-Lethal Weapons Company with Global Reputation

Ranked 177th on the list of the Most Successful Macedonian Companies is ICEMAK DOO, Skopje. A Macedonian brand that has been conquering the global market for non-lethal ammunition for years.
ICEMAK DOO - A Macedonian Non-Lethal Weapons Company with Global Reputation

ICEMAK DOO , Skopje, ended 2023 with total revenue of 506,897,139 denars and profit before tax of 123,066,091 denars.

Compared to the previous year, 2022, the company recorded a growth in pre-tax profit of 169.02% , and thanks to this, it rose to 177th place on the ranking of the most successful Macedonian companies .

Thanks to hard work and an orientation towards growth and conquering new markets, the company has become a proud member of the 200 LARGEST AND SUCCESSFUL family.

By expanding production and following demand to conquer global markets

ICEMAK DOO Skopje is a family company founded and managed by the Anchovski family. The company is today managed by the heirs of the co-founder and current co-owner, Doncho Anchovski.

The company was founded in 2004, and the construction of the production plant began in 2006 and was fully completed in 2008.

That same year, the company secured all necessary manufacturing licenses from the government of the Republic of North Macedonia.

Initially, the company dealt with weather modification products, i.e. pyrotechnics for hailstones, and in 2010, the company expanded the production of non-lethal ammunition.

In 2012, the company received permission from the government to begin importing, exporting, and brokering all types of weapons and military equipment.

In an interview with club200 , the company's co-owner and CEO, Jordan Anchovski, talks about the beginnings and development of ICEMAK LLC.

“The company's founder, and current co-owner, Mr. Doncho Anchovski, worked as a consultant for one of the leading companies in the US in the field of weather modification.

In cooperation with this American company, ICEMAK was formed, where 49% of the ownership belonged to the American company, and 51% to Mr. Doncho Anchovski.

Over time, one of the production plants was adapted to produce non-lethal ammunition, i.e. tear gas ammunition.

Gradually, due to the need for these products globally, the production of non-lethal ammunition became the company's main activity, representing 90% of the total annual production," explains Mr. Jordan Anchovski.

Three main sectors at workfor greater growth and development

Thanks to the hard work, dedication, and passion that were necessary to overcome the many challenges the company faced in its two-decade existence, today ICEMAK has successfully positioned itself among the best Macedonian companies and brands.

The company operates in three main sectors:

Production of non-lethal ammunition

The main activity of ICEMAK DOO Skopje is the design, production and provision of non-lethal ammunition for police units and the military on the global market.

The company's operations encompass all segments: research, development, production, delivery, transportation and customer support,

The company has a portfolio of over 70 products that it manufactures, which are approved by the Macedonian military and police and are used by UN peacekeeping forces, as well as by other armed and police forces globally.

Thanks to the cooperation with some of the leading companies in this sector, ICEMAK always manages to provide the best choice for its clients.

Import, Export and Brokerage of Military Equipment

ICEMAK is actively involved in the trade of conventional weapons, ammunition and dual-use equipment. The company has strong partnership relations with manufacturers and importers from Bulgaria, Czech Republic, Slovakia, Serbia, Hungary, Romania, Poland, USA, France, Germany, etc.

Production of pyrotechnics for weather modification

In its 20 years of existence, ICEMAK has not abandoned its roots, that is, the first products with which it began operating.

So, today, in addition to producing non-lethal ammunition, the company continues to produce weather modification agents.

In its offering, the company continues to include hail rockets, as well as other pyrotechnics that should help with better weather management.

Thanks to the large number of operations and strategic partnerships, ICEMAK continues to position itself as a leading player in the industry, providing innovative solutions and contributing to global security and weather modification.

Global growth strategy

Throughout its long existence, the company has repeatedly confirmed its strategic commitment to global growth, thanks to innovation, determination, and strategic partnerships that have opened many doors.

As the CEO himself emphasizes, in today's dynamic world of arms and military equipment trade, end users increasingly demand fast deliveries and high quality, which, on the other hand, defines the way of working, but also the development of the company.

"In terms of quality, in addition to strict incoming control of raw materials, our company cooperates with the Ministry of Defense and private shooting ranges. This cooperation allows us to regularly test our products and continuously monitor daily production."

"As for production capacities, in the past period we have invested significantly in the automation of three key production processes. In doing so, we have not only achieved better and more consistent quality, but also tripled our daily production capacity," he emphasizes.

The modernization of the company, the consistency in securing contracts and orders, the monitoring of new trends and their presentation on a global scale will only contribute to ICEMAK's further development and fulfillment of its strategy for a global presence in the non-lethal ammunition market.

Watch the entire interview with Jordan Anchovski at the following LINK .  

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The publication “200 Largest and most successful” is a very useful source of information that gives a precise image of the financial and business operations of the 200 largest and most successful companies in Macedonia to every investor.

The securities market is basically moved by information and it is in the Stock exchange’s highest interest that more data about the operating of the companies are available to public so that they can bring the right investing decisions.

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