Korado Bulgaria AD
BBSEBG:KBG2.08
EUR
0.00
(0.00%)
Korado Bulgaria AD
BSEBG:KBG
(Bulgarian Stock Exchange)
Recent
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2.08
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ROIC.AI
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- Business
- Korado Bulgaria AD is a Bulgaria-based manufacturer and distributor of steel panel radiators, bathroom tubular heating elements, and heating system accessories. Founded in 1968 and acquired by the Czech Republic-based KORADO Group in 1998, the company is headquartered in Strazhitsa, Bulgaria, and operates as a primary production subsidiary of KORADO a.s. The company specializes in the engineering, fabrication, and commercialization of residential and commercial thermal comfort solutions, serving wholesale distributors, heating installation contractors, original equipment manufacturers, and do-it-yourself retail networks across domestic and international markets, primarily spanning Central, Eastern, and Western Europe, including Bulgaria, the Czech Republic, Germany, Romania, Hungary, and the broader Balkan region. The company's core product portfolio encompasses a comprehensive range of heating units and hydronic components, systematically organized into: steel panel radiators manufactured under the RADIK brand, available in standard, flat-front, ventilated, and specialized hygiene configurations for residential, commercial, and healthcare environments; tubular bathroom and towel-rail radiators marketed under the KORALUX brand, offered in linear, curved, and asymmetric designs with painted, chrome, and customized architectural finishes; decorative designer heating panels produced under the KORATHERM brand, engineered for high-end residential interiors and architectural applications; electric and dual-fuel heating solutions, including pre-assembled electric towel warmers equipped with integrated heating cartridges and digital thermostats; and heating installation hardware, including mounting brackets, connection fittings, thermostatic valves, and distribution accessories. In recent developments, Korado Bulgaria AD has advanced several key strategic, operational, and capital investment initiatives aimed at expanding production capacity, enhancing energy sustainability, and optimizing high-margin product segments. The company has executed substantial modernization and automation programs across its Strazhitsa manufacturing complex, upgrading its automated welding lines and advanced powder-coating facilities to accelerate output for its KORALUX towel-rail radiator lines. To enhance environmental efficiency and mitigate industrial energy costs, the company commissioned an on-site rooftop photovoltaic power installation to self-generate renewable electricity for its plant operations in alignment with European Union green industrial standards. Furthermore, Korado Bulgaria AD has broadened its commercial footprint across key European export channels and updated its product development strategy to produce low-temperature and hybrid-compatible heating units engineered to interface efficiently with modern heat pumps and low-energy heating systems.