Preduzeće Za Puteve Valjevo

What Preduzeće Za Puteve Valjevo does

Preduzeće za puteve "Valjevo" a.d. (PZP Valjevo) is a Serbian public joint-stock company, listed on the Belgrade Stock Exchange under ticker BELEX:PPVA, that provides road construction, maintenance, reconstruction, and rehabilitation services to government and municipal clients in western Serbia. Founded on February 22, 1961, the company was privatized via auction on June 16, 2005, and converted to joint-stock form on August 5, 2005. Headquartered at Milovana Glišića broj 94 in Valjevo, the company employs 631 people and maintains over 1,346 km of state roads under regular maintenance contracts across Kolubara, Mačva, and Podrinje districts, with a documented reference list exceeding 250 completed projects across approximately 13 municipalities.

The company operates a vertically integrated production and equipment base comprising three asphalt plants (Valjevo, Duvanište, Dobanovci), two concrete plants (Loznica, Surčin), three crushing operations (Duvanište, Drenovac, and a mobile crushing unit), and an extensive mechanization fleet including dragline excavation equipment. Core service lines cover the full lifecycle of public road infrastructure: asphalt and concrete production, road surface construction and reconstruction, bridge and culvert construction and rehabilitation, landslide remediation, and seasonal winter/summer road maintenance. There is no evidence of proprietary software, digital platforms, AI/ML tooling, or branded consumer products.

PZP Valjevo's revenue model is project-based public procurement, with all identified customers being Serbian government entities and municipalities. The company competes for tenders awarded by municipal authorities in its service region; pricing is contract-negotiated and not publicly disclosed. Revenue is generated through one-time project contracts for construction and recurring maintenance agreements for state roads. General Director Aleksandar Popović leads the company under a shareholder assembly governance structure typical of privatized Serbian joint-stock enterprises. No subsidiaries, parent company, institutional investors, or external partnerships are documented in the input data.

Name

Preduzeće Za Puteve Valjevo

Legal name

Preduzeće za puteve "Valjevo"a.d. Valjevo

Website

https://pzp-va.rs

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PZP Valjevo is a Serbian public joint-stock road construction company that builds, reconstructs, and maintains public roads, bridges, and related infrastructure for municipalities across western Serbia using vertically integrated asphalt, concrete, and crushing production assets.

Ownership category

akta.pro rank

Product category

Road Construction Services

NAICS

Utility System Construction (2371)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600), Asphalt Paving & Roofing Materials (2950)

akta.pro primary industry

Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage) (IMAFADAD)

Keywords

• Road construction services
• Road maintenance services
• Asphalt production
• Bridge construction
• Aggregate production

Headquarters

HQ city

Valjevo

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Supply Chain, Operations

Revenue model

1. Road Construction Services: Core business is maintenance, reconstruction and construction of public roads, bridges, culverts and other objects in function of public road usage. Services provided to government entities and municipalities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Preduzeće za puteve Valjevo is a road infrastructure company that performs maintenance, reconstruction, and construction of public roads, bridges, culverts, and related facilities. The company operates a vertically integrated portfolio including asphalt production bases (Valjevo, Duvanište, Dobanovci), concrete bases (Loznica, Surčin), and aggregate crushing plants (Duvanište, Drenovac, plus mobile crushing), alongside a large fleet of mechanization and dragline equipment used in road and earthworks projects.

Product overview

Preduzeće za puteve Valjevo is a road construction and infrastructure company offering a vertically integrated portfolio of products and services. The company operates asphalt and concrete production facilities (Asfaltna baza Valjevo, Duvanište, Dobanovci, Betonska baza Loznica, Surčin), crushing plants (Drobilica Duvanište, Drenovac, and mobile crushing), and heavy equipment/mechanization services for earthmoving and excavation. Core services focus on construction, reconstruction, rehabilitation, and maintenance of public roads, bridges, and related infrastructure, with extensive reference projects spanning over 1,346 km of state roads.

Differentiator

Problem solved

Functional benefit

Products and services

• Road Construction and Maintenance Services Construction, reconstruction, rehabilitation, and maintenance of public roads, bridges, and related infrastructure for government entities and municipalities, including regular and winter/summer maintenance as well as landslide rehabilitation.
• Asphalt Production

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights2 records

Others

• Bechtel Corporation: US-headquartered global EPC contractor with infrastructure work in the Balkans (e.g., Corridor X/XI highway programs in Serbia). Adjacent rather than direct competitor — Bechtel executes mega-projects PZP Valjevo does not target, but they compete for the same pool of public infrastructure capital.

Broad incumbents

• Colas (Bouygues): French global road construction and maintenance group with Balkan operations. Overlaps with PZP Valjevo in road paving, asphalt production, and highway maintenance — but operates as a much larger diversified global player.
• Eurovia (VINCI): VINCI Group's road construction subsidiary with extensive European and Balkan footprint. Direct functional overlap with PZP Valjevo in asphalt production, aggregates/crushing, and road works — competes on large EU-funded infrastructure tenders in the western Balkans.
• Strabag AG: Austrian-headquartered European construction major with significant Serbian road construction operations. Competes for the same large-scale public road tenders PZP Valjevo targets, but operates across many countries and segments beyond Serbia road construction.

Emerging players

• China Road and Bridge Corporation (CRBC): Chinese state-owned construction company that has won major Serbian infrastructure contracts (e.g., Belgrade ring road, bridges). Increasingly competitive threat to PZP Valjevo in large public works, though CRBC focuses on mega-projects rather than regional municipal maintenance.

Direct peers

• Putevi Srbije: The Serbian public road corporation/manager responsible for state road network; both a customer and a closely linked peer of PZP Valjevo given that PZP holds 1,346 km of maintenance contracts within the Putevi Srbije network.
• Ratko Mitrović: Major Serbian general construction and civil engineering contractor with road and infrastructure capabilities. Comparable in scale and government customer mix to PZP Valjevo, serving similar public procurement opportunities in Serbia.
• Mostogradnja: Serbian construction company specializing in bridges, roads, and heavy civil infrastructure. Direct peer in bridge construction and road works, competing for similar municipal and republic-level tenders in Serbia.
• Vojvodinaput: Serbian road construction and maintenance company headquartered in Novi Sad. Operates in the same public road infrastructure space as PZP Valjevo, with similar municipal/government customer base and asphalt/concrete production assets — direct regional peer in Vojvodina.

Regional players

• Niskogradnja: Serbian civil engineering contractor with road and infrastructure capabilities. Comparable regional peer competing for similar public procurement opportunities in the Serbian market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Preduzeće Za Puteve Valjevo