Nexe

What Nexe does

Nexe (legal name NEXE d.d. za proizvodnju građevinskih materijala, Našice) is a Croatian construction materials holding company headquartered in Našice that consolidates 12-15 subsidiary companies operating across Croatia, Bosnia and Herzegovina, and Serbia. The group produces a vertically integrated portfolio of building materials spanning multiple EN-standard cement grades (CEM II and CEM III variants, including low-heat and sulfate-resistant), ready-mix concrete delivered from own concrete plants (betonare), aggregates from three extraction sites, precast concrete elements (BETEL pavers, drainage channels, concrete pipes, railway platform elements), clay roof tiles with more than 100 years of heritage, and clay bricks. Nexe holds ISO 9001, ISO 14001, ISO 45001, and ISO 50001 certifications and operates approximately 1 million tons of annual cement capacity at the Našice plant, making it the second-largest cement producer in Croatia by installed capacity.

The ECO₂LINE sub-brand tier the cement and concrete portfolio into CORE (up to 25% CO2 reduction), PRO (25-45%), and PREMIUM (over 45%) to address sustainability-mandated public procurement and EU-funded infrastructure; Environmental Product Declarations back the positioning. Revenue mechanics are transactional and physical-goods driven: one-time sales of cement, ready-mix concrete, aggregates, bricks, roof tiles, and concrete elements, supplemented by ancillary services in waste management (EKONEX) and port operations (Luka Tranzit Osijek). Go-to-market is sales-led via a network of direct sales representatives organized by country (Croatia, BiH, Serbia) and by trade versus construction channel, plus a certified Nexe Roofers Club installer program for tile and brick distribution. Pricing is quote-based and not publicly disclosed; no subscription, licensing, or recurring-revenue model is evident.

Ownership is concentrated in the Ergović family, with three Ergović members on the Management Board (Josip as Chairman since December 2024, Stjepan as Deputy Chairman, Ivan as Board Member for strategy and development) and a fourth as Board Advisor. The 2021 merger of Nexe grupa d.d. into NEXE d.d. simplified the holding structure; shares (644,329 shares at EUR 54 nominal, ~EUR 34.8M registered capital) are not publicly traded. Reference customers include Arena Zagreb, Z Centar, Zagreb Roundabout, NK Osijek Stadium, Hospital Sisak, and City Library Vinkovci, indicating material participation in large public infrastructure works across the region.

Name

Nexe

Legal name

NEXE d.d. za proizvodnju građevinskih materijala, Našice

Website

https://nexe.hr

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Nexe is a Croatian construction materials holding company producing cement, ready-mix concrete, aggregates, concrete elements, clay roof tiles, and bricks across Croatia, Bosnia and Herzegovina, and Serbia, serving construction firms, concrete plants, distributors, and infrastructure projects.

Ownership category

akta.pro rank

Headquarters

HQ city

Nasice

HQ country

Croatia

HQ region

Europe

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Cement Production and Sales: Production and sale of various cement types including CEM II, CEM III, and specialty cements under the ECO₂LINE brand with reduced CO2 emissions.
2. Concrete (Beton) Production and Sales: Production and delivery of ready-mix concrete (transportni beton) from modern concrete plants with strict quality control. Concrete is transported by specialized mixer trucks ensuring continuous mixing during transport.
3. Aggregate Production: Gravel extraction and processing into aggregates for construction, road and railway infrastructure, fresh concrete production, drainage, and landscape design.
4. Concrete Elements: Production of BETEL paving stones, concrete sewage systems, concrete elements for waterway management, and concrete elements for railway reconstruction and construction.
5. Roofing Tiles and Bricks: Production of clay roof tiles and bricks with 100 years of tradition. Products made from natural materials suitable for continental and Mediterranean regions.
6. Waste Management and Port Services: Subsidiary companies engaged in waste management and port services as part of the NEXE Group portfolio.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Nexe manufactures and sells a full vertical portfolio of construction materials including cement, ready-mix concrete, aggregates, precast concrete elements (pavers, drainage, pipes, railway platforms), clay roof tiles, and clay bricks. Its ECO₂LINE sub-brand provides low-carbon cements and concretes categorized into CORE (up to 25% CO₂ reduction), PRO (25-45%), and PREMIUM (over 45%) tiers. The group serves construction companies, concrete plants, distributors, roofers, and infrastructure projects across Croatia, Bosnia and Herzegovina, Serbia, and selected export markets.

Product overview

Nexe is a construction materials manufacturer and holding company (NEXE Grupa) operating across Croatia, Bosnia and Herzegovina, and Serbia with 12-15 subsidiary companies. The product portfolio is organized into six core product categories: Cement (with multiple EN-standard grades), Concrete (transport/fresh concrete), Aggregates (gravel and processed materials), Concrete Elements (BETEL pavers, drainage systems, pipes), Roof Tiles (clay tiles with 100+ year heritage), and Brick (clay blocks). The portfolio centers on the ECO₂LINE sustainable sub-brand offering low-carbon cements and concretes across three tiers. Additional services include material calculation tools and a network of certified roofers. The company also operates waste management and port services subsidiaries.

Differentiator

Problem solved

Functional benefit

Brands

• ECO₂LINE: Sustainable construction brand that combines NEXE cements and concretes with lower CO₂ emissions. Features three categories: CORE (up to 25% CO₂ reduction), PRO (25-45% reduction), and PREMIUM (over 45% reduction).
• BETEL
• NEXE KROV PLUS

Products and services

• Cement (Cement portfolio)

Quantifiable outcome

• ECO₂LINE PREMIUM products achieve over 45% CO2 emission reduction compared to industrial standard
• +2 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dalmacijacement: Croatian cement producer and Nexe's closest domestic competitor. Both serve the same Croatian construction and infrastructure market with similar cement and ready-mix concrete portfolios, making them direct head-to-head competitors on public tenders.
• Wienerberger: European leader in clay bricks, roof tiles and building envelopes with presence across Central and Southeastern Europe. Directly comparable to Nexe's roof tile and brick business (Dilj, Polet, Tvornica opeke) on product and customer base.

Emerging players

• Korleon / Velux (regional building-envelope systems): Adjacent building-envelope and roofing systems suppliers active in the Balkans. Compete with Nexe at the system level (rather than commodity cement), particularly in pitched-roof and renovation segments where NEXE KROV PLUS competes for specification.

Broad incumbents

• CRH plc: Global building materials group with significant Balkan exposure in cement, aggregates and concrete products. Competes with Nexe in regional infrastructure and commercial construction projects from a much larger capital base.
• Titan Cement Group: Greek-headquartered international cement and building materials producer with Balkan operations (including via the former Cementara Kosjerić in Serbia). Competes with Nexe on regional cement supply and large tenders.
• Cemex: Global cement, ready-mix concrete and aggregates major with operations across Central and Eastern Europe. Overlaps with Nexe on export markets and competes for the same large public infrastructure contracts.
• Heidelberg Materials: Global cement and aggregates major that owns Dalmacijacement in Croatia. Indirectly competes with Nexe through Dalmacijacement on the same Croatian tenders and exerts pricing pressure across the region.
• Holcim: Global cement and aggregates major with established presence across the Balkans (including Beočin in Serbia and operations in Croatia). Competes with Nexe on large infrastructure tenders and has greater scale and decarbonisation R&D resources.

Regional players

• Salonit Anhovo: Slovenian cement and concrete products manufacturer with cross-border sales into Croatia and Italy. Operates an integrated cement/concrete/elements portfolio analogous to Nexe but from a Slovenian base.
• Beočinska Fabrika Cementa: Serbian cement plant owned by Holcim, located in Vojvodina. Direct substitute supplier for Serbian construction demand that Nexe also targets through its Nexe beton and Polet operations in Novi Sad and Novi Bečej.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries12 records

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 Nexe