This site uses cookies to ensure the best viewing experience for our readers.
Nearly Half of Israel's Largest Exporters Are Foreign-Owned

Nearly Half of Israel's Largest Exporters Are Foreign-Owned

Of the 20 largest Israeli exporters, each with over $1 billion in annual sales, nine are owned by foreign entities

Amitay Gazit  :  2019-03-13T13:04:36..
Nearly half of Israel’s largest exporters are owned by foreign companies, according to data analyzed by Calcalist this week. Twenty Israeli companies which rely primarily on the export of goods and services report annual revenues that surpass $1 billion. Out of these companies, nine are foreign-owned. Five are owned by U.S. companies, two are European-owned, one is owned by a Chinese company, and one is owned by a Mexican company.

For daily updates, subscribe to our newsletter by clicking here.

Earlier this week, Israel-based chipmaker company Mellanox Technologies Ltd. joined the list of foreign-owned Israeli companies when it was acquired by Nvidia Corporation for $6.9 billion. As part of the acquisition agreement, Nvidia agreed to keep Mellanox’ Israeli operations in Israel for the next two years, at minimum.
An Adama employee. Photo: Hezi Sternlicht An Adama employee. Photo: Hezi Sternlicht An Adama employee. Photo: Hezi Sternlicht
Based on reported sales, Israel’s top exporters are Teva Pharmaceutical Industries Ltd.; government-owned Israel Aerospace Industries Ltd. (IAI); the Israeli operation of multinational chipmaker Intel, which employs some 11,000 people in the country; Israel Chemicals Ltd. (ICL), an industrial company focusing on agriculture, food and engineered materials; oil refining and petrochemicals company Bazan Group.

Related stories

Rounding out the top six exporters is pesticides manufacturer Adama Ltd., which is the product of a 2017 merger between Israel-based Adama Agricultural Solutions Ltd. and Chinese pesticide producer Hubei Sanonda Co. Ltd.
share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS