IKL is founded on 10.7.1948. by goverment of Yugoslavia as „Industry of ball and roller bearings“. It was the first state-owned company for production of bearings in the country . The company was founded in a very difficult economic situation , a few years after the end of the 2nd World War II , during the war-torn economy and the economic blockade of the east and west.
The first machines were obtained from reparations. For the first 6 months 69 workers are trained for bearings production, which began in 1949. First manufactured bearings were 6204, 6306 and 6307.
The first phase of development took up in 1955when it recorded a growth of production.
From 1958 to 1962 IKL purchased new equipment and built new production hall that allows further growth of the plant.
In 1968 changing its name to "Industry of rolling bearings "
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