In the early 1970s, Yugoturbina had major known financial and development difficulties. We will list the most important ones:
- Technologically complex production and unfinished investment to meet the needs of domestic and foreign markets.
- Impossibility of obtaining permanent working capital for the production of materials of appropriate quality and deadlines.
- Lack of long-term loans from commercial banks to lend to its customers.
- Constant shortage of foreign currency for the necessary procurement of imported materials and parts.
- Underdeveloped production of parts and materials from domestic industry.
- Underdeveloped sale of their products, processing of foreign markets, export and import.
Establishes development policy in the following directions:
- Organizes offer bureaus that process offers for the placement of engine and pump turbines with production.
- Develops export and import business functions.
- Organizes financing of operations with banks and funds.
- Develops programs of new products and components and provides funds for construction.
- Niederlasung was founded and it opened service works in Germany.
- Provides construction sites, projects and leads the organization of construction and supervision.
"Recently, two luxury, modern and fast buses with airplane seats, heating, radio and speakers were purchased in France. With these buses, the factory will transport highly qualified experts from Zagreb to Karlovac every day."
"Karlovački tjednik" ("Weekly") no. 4., 1954.
The weekly writes that the production of several steam turbines for the navy has started (Split shipyards and 3. maj, Rijeka) and equipment and machines for the production of diesel engines have arrived from Bregana.
"Karlovački tjednik" ("Weekly") no. 30., 1954.
The name "Yugoturbina" was first mentioned in the local press on April 16, 1954 in "Karlovački tjednik" ("Karlovac weekly") no. 16 from that year. The "Edvard Kardelj" factory is no longer mentioned because the company changed its name.
The expansion of production, intensive development and the opening of new plants were in the observed period the basic features of the work and operations of Yugoturbina, which led to a larger increase in the number of employees.
In 1977, Yugoturbina employed 5,000 workers, and in 1986 it was 8,593, in nine years the number of employees increased by 2984. If the natural annual outflow is taken into account, it means that about 430 new workers were employed annually, or a total of 3870.
At the same time, the increase in the number of employees significantly changed the qualification structure, in which the educational level of workers with higher education is growing faster.
Such intensive development was followed and at the same time enabled adequate business results and a relatively good position on the domestic and world markets.
The overall economic and political situation in the former Yugoslavia and Croatia has always been extremely important and influential in the development of the factory. It is known that at the beginning of that period of the factory's development, the economic and political crisis in Yugoslavia and its republics was more and more pronounced.
All the factory's management, from its founding in 1949 until 1990, sought to overcome the effects of the economic and political crisis by constantly expanding production, market and strengthening the economic responsibility of individual productions.
The development of the factory in that period was especially marked by:
- organizational adjustments based on the Constitution and the Law.
- concentration of Karlovac metal industry companies around Yugoturbina.
- department of production parts outside Karlovac.
- further technological development.