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Japanese philosophy and skilled workforce - the key to the success of Rade Končar TEP

Rade Končar TEP applies the Japanese philosophy and business strategy Kaizen in its operations, which focuses on continuous, gradual improvements of processes.
Japanese philosophy and skilled workforce - the key to the success of Rade Končar TEP

Rade Končar TEP is a company with about 75 years of tradition in the metalworking and electrical industry, both in North Macedonia and in other Balkan countries. It is part of the "Rade Končar" brand and traces its roots back to the beginning of the second half of the last century.

This is one of the most successful and largest Macedonian companies, which for decades has had to adapt its work to new trends, market demand, but also to innovation - as the core of the company's operations.

Of course, creating quality products, services, and innovative solutions requires professional staff who will successfully implement the projects.

Quality and professional staff - the key to the company's success

In 2024, Rade Končar TEP employed around 80 people , according to data from the Central Register of the Republic of North Macedonia.

Of the total number of employees, 30 people are top mechanical and electrical engineers, and 10 of them were trained in Japan , in Tokyo and Osaka.

They are constantly working to find the most appropriate and cost-effective solutions for our needs, but also for the needs of the company's partners and customers.

The company uses the Japanese philosophy and business strategy KAIZEN in its operations, which focuses on continuous, gradual process improvements , involving all employees - from top management to workers on the production line.

Its goal is to eliminate waste, improve quality, and increase efficiency through small, everyday changes, rather than through radical and imposed changes from the top of the organization.

In other words, at Rade Končar TEP, the ideas of clients, employees in the field, and the company's management are of equal importance, which in itself creates ideal conditions for work, innovation, but also for building long-term and quality partnership relationships with clients.

Cooperation with scientific institutions

In its many years of operation, Rade Končar TEP continuously cooperates with educational and scientific institutions in the country.

Thanks to such collaborations, the company offers young students the opportunity to become familiar with the practical work that will later be required of them in the field, even during their studies.

In addition, the company also collaborates in providing greater practical knowledge, which directly contributes to the creation of future generations of professionals.

Workplace safety is imperative

Given that this is a company that involves high-risk professions, Rade Končar TEP invests significant resources in ensuring appropriate conditions for occupational safety.

In 2023, the company was the winner of the prestigious award for the company with the best implemented occupational health and safety system.

The award was personally presented by the Minister, Ms. Jovanka Trenčevska, on the occasion of the European Week for Safety and Health at Work.

"One thing that connects the employees at Rade Končar TEP Skopje is that all of us, as a company, are dedicated and focused on eliminating and preventing risks that threaten the health of employees in our work environment."

"In our opinion, occupational health and safety refers to all aspects of physical, mental and social health and safety in the workplace, and our goal and priority is to ensure safe working conditions for every employee, without exception, which are adapted to the specifics of the workplace," the company emphasizes.

Certificates – proof of quality

One of the special corporate values of Rade Končar TEP is quality, both in terms of products and in terms of the systematic work of the company.

The company holds a quality management system certificate ISO 9001:2008, an environmental management certificate ISO 14001:2004, BS OHSAS 18001:2007, as well as the Excellent SME Macedonia recognition.

Additionally, the company received an Environmental Responsibility Award in 2009 from the Center for Institutional Development – CIRA.

Thanks to all this, TEP has strengthened and expanded its position in the global market as a reliable partner capable of providing flexible solutions, placing on the market products with innovative designs that follow global trends in the production and innovation process.

Continued growth in 2024

For years, the company has been part of the 200 LARGEST AND SUCCESSFUL project, as a leader in substation solutions.

In 2024, TEP Rade Končar ranked 186th on the ranking of the most successful Macedonian companies.

The company achieved total revenue of 736,863,016 denars and profit before tax of 127,376,189 denars.

With this approach to innovation, staff and quality, Rade Končar TEP continues to build its position as a reliable and recognizable partner on the domestic and international market and remains one of the drivers of the Macedonian industry, which has continuously found its place among the most successful Macedonian companies.

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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.

MACEDONIAN STOCK EXCHANGE, Skopje

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