Antikor doo

What Antikor doo does

Antikor d.o.o. is a Serbia-based specialty industrial services contractor focused on anti-corrosion protection, passive fire protection, waterproofing, and structural rehabilitation of capital infrastructure. Founded on January 6, 1954 as part of the former Yugoslav engineering establishment, the company is now a private limited liability entity headquartered in Belgrade. Its core technical stack centers on surface preparation per SRPS/EN/ISO 8501-1-4 standards (sandblasting, shot blasting, high-pressure abrasive jet cleaning), coating application per SRPS/EN/ISO 12944-5 (acrylic, alkyd, epoxy, polyurethane, silicone systems), bitumen/EPU/MMA waterproofing, expanding fire-retardant coatings, elastomeric mats, HDPE geomembrane installation, and polyurethane/epoxy/acrylic injection rehabilitation. The firm holds six ISO certifications (9001, 14001, 45001, 27001, 50001, 37001) and Serbian government construction licenses for bridges and railway structures.

The company earns revenue on a project-based contracting model, bidding for specialty protection scopes on large infrastructure, energy, petrochemical, and industrial projects. Major clients include European and Chinese EPC contractors active in the Western Balkans (STRABAG, AZVI, TASYIAPI, China Communications Construction Company, China Railway International, Shandong HI-Speed) and Serbian state-owned buyers (NIS, JP EPS, Ministry of Construction). Reported commercial references span 2017-2024 across bridges, viaducts, refineries, hydropower plants, airports, and urban developments in Serbia, Croatia, and Montenegro.

Geographic scope extends beyond Serbia to Germany, Libya, Kuwait, Iraq, Algeria, Gabon, Hungary, Slovakia, and Russia per company disclosures, though the current revenue base is concentrated in the Western Balkans. Stated current headcount is five employees, sharply below the 1,500+ peak in the 1980s, indicating that Antikor likely executes its project pipeline through a flexible workforce of subcontractors and field specialists rather than permanent direct labor. Pricing is not publicly disclosed and is negotiated per project.

Name

Antikor doo

Legal name

Antikor d.o.o.

Website

https://antikor.co.rs

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

1–10 employees

Short description

Serbian specialty industrial services contractor (founded 1954) delivering anti-corrosion protection, fire protection, waterproofing, and structural rehabilitation for bridges, refineries, hydropower, and transport infrastructure across the Western Balkans.

Ownership category

akta.pro rank

Product category

Industrial Corrosion Protection Services

NAICS

Coating, Engraving, Heat Treating, and Allied Activities (3328)

SIC

Coating, Engraving & Allied Services (3470)

akta.pro primary industry

Industrial & Commercial Painting/Coatings/Surface Treatment (IMAIAAAK)

Keywords

• Anti-corrosion protection
• Passive fire protection
• Industrial waterproofing services
• Bridge construction protection
• Protective coating application

Headquarters

HQ city

Belgrade

HQ country

Serbia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Construction and Protection Services: Project-based revenue from construction of new bridges, rehabilitation of existing structures, anti-corrosion protection (AKZ) through paint systems and metallization, passive fire protection, waterproofing, thermal and sound insulation, industrial floor production, and specialized geomembrane protection.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Antikor doo is a specialized Serbian industrial services contractor that delivers construction and protection services for capital infrastructure, industrial facilities, and energy/petrochemical assets. Its core offerings include anti-corrosion protection (AKZ) through surface preparation and paint/metallization systems, passive fire protection with expanding coatings, waterproofing and thermal/sound/vibration insulation, high-strength industrial floors, elastomeric noise/vibration mats, HDPE geomembrane environmental containment, and structural rehabilitation by injection technologies. The company also builds new bridges and rehabilitates existing ones, performing on-site execution and workshop production across Serbia and international markets.

Product overview

Antikor doo is a specialized industrial services company offering a portfolio of construction protection and rehabilitation services. The core offerings include anti-corrosion protection (AKZ) using paint systems and metallization, passive fire protection with expanding coatings, hydro and thermal insulation using bitumen, epoxy, polyurethane, and MMA materials, high-strength industrial floors, elastomeric mats for noise/vibration control, HDPE geomembrane foils for environmental containment, renovation by injection using polyurethane/epoxy/acrylic gels, and concrete protection from erosion and corrosion. The company also provides surface preparation equipment (sandblasting, shot blasting), scaffolding services, quality control, and technical documentation. These services are delivered through workshop production, on-site execution, and maintenance/repair models, serving infrastructure, energy, petrochemical, and industrial sectors across Serbia and international markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Anti-Corrosion Protection (AKZ) Surface preparation (manual, machine, sandblasting, shot blasting, high-pressure abrasive jet cleaning) and application of protective paint systems (acrylic, alkyd, epoxy, tar-epoxy, ethyl-silicate, polyurethane, silicone) and metallization for metal and concrete structures of bridges, tanks, pipelines, refineries, and industrial facilities.
• Passive Fire Protection Application of water-based and solvent-based expanding fire-retardant coatings to structural steel elements to provide passive fire protection and meet fire-resistance requirements for buildings, bridges, and industrial structures.
• Hydro and Thermal Insulation Waterproofing, thermal, and sound insulation of metal and concrete structures using bitumen-polymer membranes, epoxy, polyurethane (PU), methyl methacrylate (MMA), urea, and polymer cement systems for bridges, viaducts, overpasses, tanks, and buildings.
• High-Strength Industrial Floors Production of self-leveling, high-strength industrial floors using epoxy, polyurethane, and other coatings that resist slipping, wear, grease, oils, and solvents, intended for industrial plants, warehouses, and public buildings.
• Elastomeric Mats Production Manufacture and installation of elastomeric mats for noise and vibration prevention on railway tracks, roads, and industrial equipment bases, including rubber mats on bridges and viaducts.
• HDPE Geomembrane Foils Application of HDPE geomembrane foils with hot-air welded joints/folds for pool insulation, temporary industrial landfills, and containment of environmentally hazardous and toxic materials from technological processes.
• Renovation by Injecting (Injection Rehabilitation) Rehabilitation and protection of structures against water and moisture, repair of damaged waterproofing, reinforcement of concrete structures, and soil consolidation using polyurethane, epoxy, and acrylic gel injection products.
• Concrete Protection from Erosion and Corrosion Mechanical cleaning of concrete surfaces and application of repair mortars and protective coatings to rehabilitate and protect concrete structures from erosion and corrosion damage.
• Other Specialized Services Wet and dry sandblasting, application of protective materials, chemical cleaning/decarbonization, tank degassing, and metallization services for industrial and infrastructure clients.
• Services (Workshop Production, On-Site Works, Maintenance) Workshop production of protection components, on-site construction finishing works, and maintenance/repair services for industrial, petrochemical, and infrastructure facilities, supported by GRACO, WIVA, and WIWA-VAGNER airless spray equipment.

Quantifiable outcome

• Tens of millions of m2 of protected surfaces over 70 years of operations
• +1 more outcomes

Named customers18 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• China Communications Construction CompanycoreStrategic or Co-development PartnerAntikor works on protection projects for China Communications Construction Company's infrastructure investments in Serbia, including tunnel protection works at Trbušani (2024) and airport infrastructure projects.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Wasser Coatings: Specialty manufacturer of moisture-curing anti-corrosion coatings widely used on bridges and industrial steel — directly competing for specification on Antikor's core substrate applications.
• Fosroc: International construction protection and repair chemicals supplier (waterproofing, injection grouts, concrete repair) competing directly in Antikor's hydro-insulation and injection rehabilitation service lines.
• Carboline: U.S. specialist in high-temperature, anti-corrosion, and passive fire-protection coatings; directly comparable product/market overlap with Antikor's core AKZ and fire-protection service lines.

Broad incumbents

• Hempel: Danish global protective coatings manufacturer with a heavy infrastructure, energy, and marine focus; competes head-to-head with Antikor's coating system applications on bridges, refineries, and industrial structures.
• Jotun: Norwegian protective and marine coatings major that supplies the same epoxy, polyurethane, and zinc-rich anti-corrosion systems specified on infrastructure projects where Antikor applies.
• Sika: Swiss construction chemicals major with waterproofing, flooring, and concrete protection product lines that overlap with Antikor's MMA waterproofing, high-strength industrial floors, and concrete rehabilitation service lines.
• PPG Protective & Marine Coatings: Global manufacturer of protective coatings for bridges, tanks, and infrastructure; competes for product specification on the same asset class Antikor protects.
• International Paint (AkzoNobel): AkzoNobel's protective coatings division; supplies the high-performance anti-corrosion and fire-protection coatings commonly specified on oil & gas and infrastructure projects Antikor services.
• Sherwin-Williams Protective & Marine: U.S. protective coatings leader whose product portfolio (epoxies, urethanes, zinc primers) is widely specified on industrial structures analogous to Antikor's end markets.
• Mapei: Italian construction chemicals leader with product ranges spanning industrial coatings, waterproofing, and concrete repair that compete for share-of-wallet on the same infrastructure projects Antikor services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/antikorantikor

Compliance6 records

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 Antikor doo