pandev doo About us

One of the most important things in life is our own home; every story begins there. Our company, Pandev LTD, has a tradition of providing stability, comfort, and warmth to our clients' homes. Our story began in May 1990 when the company Yugometal was formed, which was later renamed Pandev LTD in 1997. Since 2001 and up to the present day, we have been investing in residential and business facilities.
Professionalism, sincerity, and principles are our trademarks and the pillars of our way of life. With extensive business experience both in and out of Macedonia, we are among the few, if not the only, company that has invested in residential buildings in Germany.
We work efficiently and strive for quality, always in line with the given dynamics. It brings us great pleasure to ensure the happiness and contentment of everyone involved. We aspire to be present and responsible for the development of our society – something we can be proud of and that sets us apart. Our commitment to swift execution, adherence to deadlines, and providing a comprehensive property list upon project completion is something we are known for, eliminating additional waiting periods.

Our mission

Our mission is to utilize our extensive experience, particularly our international expertise, to enhance the quality of life for our fellow citizens. Let us create a society in which every home is warm, durable, and of the highest quality. Our pillars are trust and principles, and our greatest success lies in perpetuating and enriching this tradition.

Our vision

To ease the lives of our fellow citizens by offering a quality, flexible, and simple way of life. Raising the quality in our industry. Our vision includes not only our company but also the entire society. Let's build and rise all together over all the challenges that stand in our way.



The company Yugometal Strumica was founded, specializing in the production of toilet paper under the brand name Alfros. It was one of only two companies in the former Yugoslavia territory engaged in the manufacturing of augers and cylinders for machines, alongside Beliche.


Renamed the company to Pandev LTD, and we expanded our production capabilities to include polyethylene and polypropylene wrapping.


We also ventured into the production of polyethylene hose for optical cables. In addition to our new production line, we initially started our journey with real estate investments. Our first building, consisting of 8 apartments, is located at Str. Hristo Smirnevski No. 55, CS Centar 1 (behind Radio Bran). Construction commenced in March 2001 and was successfully completed in December 2001, with the entire construction process spanning 9 months.


Our second building, comprising 12 apartments, is located at Str. Bagdatska No. 3, Karposh, just opposite the restaurant Sidro. Construction started in August 2002 and ended in April 2003.


The third building, which consists of 12 apartments, is situated at Str. Majakovski No. 3 in Centar 1, opposite the Universal Hall in Skopje, and behind the café Broz. Construction commenced in June 2003 and was completed in May 2004, with a total construction period of 11 months.


The fourth building, comprising 15 apartments, is situated at Str. Crvena Voda No. 8, next to Broz cafe. The construction of the building was completed within a total period of 12 months.


The fifth building, consisting of 11 apartments, is situated at Str. Dane Krapcev No. 13 in Centar 1 (Debar Maalo). The construction and handover of property lists to the owners were completed within a total period of 8 months.


The sixth building, comprising 59 apartments, is situated at Str. Vangel Todorovski No. 17 in the municipality of Aerodrom, near the polyclinic Jane Sandanski. Construction of the building commenced in June 2011 and was successfully completed in November 2012.


Our seventh building is situated in the city of Melsungen, Germany, which positions us among the few companies that have invested in Germany, upholding the highest European standards. Construction commenced in December 2015 and was successfully completed in April 2017.


Re-branding of the company Pandev LTD. We have made a new investment in residential buildings located at Str. Branislav Nushikj No. 6 in the municipality of Karposh.


We have successfully completed our project located at Str. Branislav Nushikj No. 6 in the municipality of Karposh.


The two buildings, located at Str. Tetovska No. 40 in Centar and Str. Srećko Puzhalka No. 52 in the Cento neighborhood, which commenced construction in 2020, has now been completed.


A new project is being launched at Str. Vostanička No. 33 in the Crnice neighborhood.

Vase Pandev Chief executive

Born in 1959.
Primary and secondary education completed in Strumica.
Faculty of Mechanical Engineering - Department of Vehicles - graduated in 1984.
1984-1986 - employed at "MZT" Skopje as a mechanical engineer.
1987 - served regular military service in the JNA.
1988 - 1990 - employed in his father's craft shop as a mechanical engineer.
1990 - in May, he registered his own private company "Jugometal" based in Strumica.
1991 - moved to Skopje, and relocated the headquarters of the company to Skopje.
1997 - re-registration of the company in accordance with changes in the legal regulations for private enterprises, and the company PANDEV DOO Skopje started working.
Throughout his entire education, he consistently studied the metal industry in his father's craft store, which had a rich tradition of craftsmanship spanning over 100 years. Working alongside his father, they manufactured complete machines for the wood industry in the shop.

Since 1986, he began a business cooperation with the first external co-operative (associate), Metal Institute Tito Skopje. In his father's crafts store, he produced a series of parts that MZT Skopje incorporated into brake systems of trains and some parts for the war industry.
Simultaneously, he worked intensively on the technology for making augers and cylinders, which are vital parts of all machines processing plastics, known as extruders. He successfully installed sets of augers and cylinders on many extruders in factories producing plastic products throughout Macedonia, Serbia, and Kosovo. In the 90s, along with the Belice factory in Croatia, they were the sole producers of such parts in the entire territory of the former Yugoslavia. However, with the breakup of Yugoslavia and the disruption of this industry in those regions, they redirected production to new products.

In 1991, he and his family relocated to Skopje and independently manufactured two extruders for polyethylene foil, venturing into the production of polyethylene packaging. Over the following years, the company expanded its capacity for polyethylene packaging production. Among their main customers was Ohis Skopje for packaging bags of the washing powder Gong, HIV Veles for fertilizers packaging, dairies in Bitola, Skopje, Tetovo, and over 100 private dairies for foil packaging of fresh milk, Skopska Pivara, Prilepska Pivara for thermoplastic foil, and others. During this period, the company also engaged in the processing and packaging of toilet paper known as Alfros, and he also designed and built the machines for this purpose.

In 2000, the company introduced a new product - polyethylene hose for optical cables. He also built the extruder line for manufacturing this hose. The product was mainly intended for export, particularly to Albania.