Konjic, July 2019. – Bosnian-Herzegovinian military industry factory “Igman” Konjic has achieved in the first six month of 2019 a total turnover of 57,6 million KM, which is 17 percent more than in the same period last year. Likewise, in the first half of 2019, the company increased its profits by 9 percent compared to the first six months of 2018.
The reason for the increase in business and profit is primarily the quality of ammunition produced by “Igman”. Because of that new markets are being gained, which has a direct result in more and more trust by the international buyers.
The factories capacity utilization in Konjic is 100 percent in the last 7 years, with announcements that this trend will continue in the future. Positive results are proof of the business strategy's soundness based on the investment, development, production and distribution of quality products in accordance with the standards applied in the military industry.
"Igman" is capable of simultaneously producing ammunition in two variants: the Eastern (Russian) and Western (NATO) variants. This kind of production is very unique and is not that common among this type of factories in the world. Products with special grain such as AP, API, APIT, and Solid are something that set "Igman" apart from other factories in this industry.
For the 69th anniversary of the factory, in March 2019, a new facility for the production of gun ammunition was released. It is an investment of about 14 million KM with a planned production capacity of 50 million barrels a year. Also, more significant investments in the business year of 2018/19. are reflected in refurbished production facilities, modernized learning polygons and laboratories, built with new storage repository, a wastewater purifier and investments related to the implementation of legal protection measures at work and fire protection.
"Igman" is the leader among the military industries in BiH and is among the top five companies in the region's targeted industry. At the end of 2018, "Igman" successfully implemented new versions of three international quality management standards, ISO 9001: 2015, then ISO 14001: 2015, and OHSAS 18001: 2007.