Tigar AD
BBELEX:TIGR11.00
RSD
0.00
(0.00%)
Tigar AD
BELEX:TIGR
(Belgrade Stock Exchange)
Recent
price
11.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Tigar AD is a Serbia-based manufacturing company primarily engaged in the production and distribution of rubber footwear, technical rubber goods, chemical products, and specialized protective equipment. The company operates across multiple core industrial segments, offering products and services that include rubber footwear, comprising safety and occupational boots, certified firefighting footwear, hunting and fishing boots, fashion rubber boots, and military footwear; technical rubber goods, comprising heavy-duty rubber conveyor belts, molded rubber components, extruded profiles, anti-vibration mountings, rubber sheets, and industrial protective linings for tanks and pipelines; chemical products, comprising solvent-based and polyurethane industrial adhesives, rubber solutions, primers, and protective elastomeric coatings; and manufacturing support services, comprising custom elastomer compound mixing, laboratory testing, and toolmaking. Tigar AD supplies commercial, industrial, agricultural, mining, forestry, defense, and retail markets across Serbia, the European Union, the wider Balkan region, North America, and Asia. In recent developments, the company has undergone significant corporate and financial restructuring under a court-approved Pre-Packaged Reorganization Plan (UPPR), resulting in debt-to-equity conversions that placed majority ownership with the Republic of Serbia and affiliated state funds. Recent strategic and operational initiatives include investments in energy efficiency improvements, production line modernization for high-specification protective and chemical-resistant footwear, product portfolio rationalization, and the expansion of international supply agreements with European public utility, civil defense, and industrial safety clients. Founded in 1935, Tigar AD is headquartered in Pirot, Republic of Serbia.