News Briefs

  Av 2, 5767 , 17/07/07

Huge American Manufacturer Investing in Israeli Market

The huge Alcoa aluminum company is working with Israel's Klil Industries to increase the Israeli market share. American firms customarily buy out Israeli companies instead of investing in them, and the move represents its confidence in Klil.
"Our goal is to reach a 20% share of the curtain wall market in Israel by the end of 2008," David Schlendorf, president of Aloca's building and construction systems told Globes. "The Israeli market has some interesting growth opportunities, with a relatively low level of competition. The added value that Alcoa brings to the Israeli real estate market is its vast experience in curtain wall systems for luxury high-rises worldwide."

Other archived news briefs:Jul 17 2007, 11:55 AM, 7/17/2007