Mermeren Kombinat

What Mermeren Kombinat does

Mermeren Kombinat AD Prilep is a vertically integrated marble extraction and processing company founded in 1946 in Prilep, Republic of North Macedonia. The company operates five large quarries on a long-term concession basis, including approximately 30% of a 2.19 km² concession area described as the largest white marble quarrying area worldwide. Its core output is SIVEC® (including BIANCO SIVEC®), a registered trademark covering fine-grained white dolomitic marble prized for whiteness, homogenous form, and micro-granular structure. Approximately 200+ workers staff the quarry operations and 30+ experienced workers and technicians operate the processing plant.

The 65,000 m² processing facility, located about 10km from the SIVEC® quarries, converts raw blocks into polished and unpolished slabs and tiles, pebble mats, bush-hammered wall panels, and CNC custom-made products, using equipment from international OEMs including Barsanti, Fantini, Benetti Macchine, Perlini, Caterpillar, Pellegrini, SIMEC, and GMM. The Datamine software system has been deployed since 2010 to support geological data management, reserve modeling, and mine planning. By-products from processing are converted into crushed marble aggregates and milled products, with approximately 50,000 tonnes distributed annually to construction markets in North Macedonia and neighboring countries.

Commercially, the company sells through a carefully selected international commercial network, leveraging proximity to the port of Thessaloniki (Greece, ~200km) as its main logistics hub to reach customers across all continents. End-use applications are concentrated in high-end construction projects — mosques, hotels, palaces, commercial buildings, residential developments and villas — where SIVEC® is specified for its exclusive white appearance. The pricing model is quote-based, project-driven, and not publicly disclosed. Ownership is concentrated: Dutch holding company Stone Works Holdings, ultimately controlled by Greek marble producer PAVLIDIS MARBLE-GRANITE (Drama, Greece), holds 89.25% of shares, with the remaining ~10.75% publicly traded via GDR 'ELPIS' on the Athens Exchange (MERKO, 10%) and on the Macedonian Stock Exchange (MERM, 0.75%). The company reports FY 2025 projected net profit of EUR 12.6 million and holds ISO certification.

Name

Mermeren Kombinat

Legal name

MERMEREN Kombinat AD Prilep

Website

https://mermeren.com

Company type

Public

Founded year

1946

Operating status

Operating

Short description

Mermeren Kombinat is a vertically integrated North Macedonian marble producer founded in 1946, extracting and processing the globally marketed SIVEC® white dolomitic marble from long-term quarry concessions near Prilep for international high-end construction projects, alongside marble aggregates for regional construction markets.

Ownership category

akta.pro rank

Product category

Natural Stone / Marble Mining and Manufacturing

NAICS

Cut Stone and Stone Product Manufacturing (327991), Crushed and Broken Limestone Mining and Quarrying (212312)

SIC

Cut Stone & Stone Products (3281), Mining & Quarrying Of Nonmetallic Minerals (No Fuels) (1400)

akta.pro primary industry

Marble Quarrying & Dimension Stone Fabrication (IMAKAHAE)

akta.pro secondary industry

Sand & Gravel Extraction & Processing (IMAKAHAB)

Keywords

• White marble extraction
• Marble processing slabs
• Natural stone products
• Decorative stone manufacturing
• Crushed marble aggregates

Headquarters

HQ city

Prilep

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Marble Products (Slabs, Tiles, Custom Products): The company extracts and processes marble into various products including polished and unpolished slabs and tiles in all dimensions, pebble mats, wall panels (bush-hammered), and custom-made products using CNC machines. These are sold to international high-end construction and architectural projects.
2. Aggregates and By-products: Crushed aggregates from marble processing are used for construction purposes and production of milled products. Around 50,000 tonnes are distributed annually on domestic market and neighboring countries.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Mermeren Kombinat extracts and processes fine-grained white dolomitic marble (SIVEC®) from five long-term concession quarries near Prilep, Republic of North Macedonia. The company produces polished and unpolished marble slabs and tiles, pebble mats, bush-hammered wall panels, and CNC custom-made products for high-end international construction and architectural projects. Marble processing by-products are sold as crushed aggregates and milled products (approximately 50,000 tonnes annually) to domestic and neighboring-country construction markets.

Product overview

MERMEREN Kombinat operates as a fully integrated marble extraction and processing company with a single unified product line centered on SIVEC® white marble. The core product is SIVEC®/BIANCO SIVEC® marble, extracted from quarries near Prilep, North Macedonia. The company processes raw marble into finished products including polished and unpolished slabs, tiles, pebble mats, bush-hammered wall panels, and CNC custom-made products. Additionally, by-products are utilized to produce crushed marble aggregates and milled products for construction applications (approximately 50,000t annually). The company operates five large quarries on a long-term concession basis and maintains modern production facilities within 10km of the quarries.

Differentiator

Problem solved

Functional benefit

Brands

• SIVEC®: Registered trademark of fine-grained white dolomitic marble extracted from the company's quarries near Prilep. BIANCO SIVEC® is the specific product name for the premium white marble variety.

Products and services

• SIVEC® White Marble
• BIANCO SIVEC® Marble
• Marble Slabs (Polished and Unpolished)
• Marble Tiles (Polished and Unpolished)
• Marble Pebble Mats
• Bush-Hammered Wall Panels
• CNC Custom-Made Marble Products
• Crushed Marble Aggregates
• Milled Marble Products

Quantifiable outcome

• Scarcity of snow-white marble resources drives consistent high demand for SIVEC® products
• +1 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators5 records

Recent moves5 records

Expansion highlights4 records

Others

• Breton S.p.A. Italian manufacturer of machinery and technology for natural stone processing (cutting, finishing, engineered stone production). Comparable as an ecosystem participant supplying the equipment Mermeren Kombinat and its peers use to produce slabs, tiles, and CNC products.

Direct peers

• Antolini Luigi & C. Italian processor and distributor of natural stone (marble, onyx, travertine) with worldwide distribution. Comparable in supplying premium cut-to-size slabs and bespoke architectural stone to high-end hotels, residences, and commercial buildings.
• PAVLIDIS Marble-Granite: Greek marble and granite producer based in Drama, Greece, and the parent of Mermeren Kombinat's majority owner Stone Works Holdings. Directly comparable in extraction, processing, and international distribution of natural stone for construction projects.
• Margraf (Industria Marmi Vicentini): Italian marble quarrying and processing company supplying blocks, slabs, tiles, and custom-cut architectural stone worldwide. Comparable in extraction plus finished-product fabrication for high-end international construction.
• Grupo Cumar: Brazilian marble and stone processor with extensive quarries and internationally distributed slabs and tiles. Comparable in operating quarries supplying polished and unpolished slabs to global construction and architectural markets.
• Carrara Marble Quarries / Marmi Carrara: Italian operator of historic Carrara marble quarries, processing and exporting white and statuario marble globally. Directly comparable in white marble extraction and supply of premium slabs and tiles to international architectural projects.

Broad incumbents

• Polycor: North American (now global) natural stone quarrier and fabricator with marble, granite, and limestone operations. Comparable in vertically integrated quarrying and architectural stone processing supplying international building and monument projects.
• Levantina y Asociados: Spain-based, one of the world's largest marble and natural stone producers with quarries in Spain, Portugal, and Brazil. Comparable in vertical integration from quarrying through cut-to-size and engineered stone fabrication for architectural projects.

Regional players

• Elliottis Marble S.A. Greek marble producer and exporter operating in the regional Eastern Mediterranean stone trade. Comparable in extraction and processing of natural marble for international export, complementing Greek–Macedonian regional supply chains.
• Classic Marble Company: Indian marble and stone processor with vertically integrated operations and global exports of slabs, tiles, and engineered stone. Comparable in moving from raw block to finished slabs and value-added products for international construction markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mermeren-kombinat-a.d.-prilep

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mermeren Kombinat