The Industry, Trade and Labor Ministry’s Investment Promotions Center on Tuesday
approved a NIS 568 million plan to establish or expand factories in outlying
“The ministry is advancing plans to bring about a change in the
Israeli economy through a range of different tools,” Industry, Trade and Labor
Minister Binyamin Ben-Eliezer said Tuesday. “The activity of the Investment
Promotions Center is part of a policy to boost economic growth, job creation and
narrow the gap between the periphery and the center of the
Investment Promotions Center director Hezi Zeig said the center
had approved investments tailored for development in the periphery, especially
factories in Negev kibbutzim, Migdal Ha’emek, Beit She’an, Ofakim and Ma’aleh
Adumim. The investment is expected to create about 840 jobs, he said.
of the program’s beneficiaries is Phoenicia America-Israel Flat Glass Ltd., a
producer of flat and patterned glass, which is to receive NIS 100m. to
hire 134 new workers and expand its plant in Nazareth Illit.
Ltd., a manufacturer of plastic goods for the home and garden, will receive NIS
92.5m. to hire 120 new workers and expand its factory in the Western Galilee’s
Alon Tabor industrial zone.
Hameshabev Machining Ltd., a metal-finishing
company, will receive NIS 30m. to hire 30 new workers and expand its factory in
Shahak Tec Ltd., a plastics manufacturer, will receive NIS
30m. to hire 30 new workers and expand its factory in the Shahak
between Afula and Hadera.
Ardonan Electronic Packaging Ltd., a maker of
sheet-metal parts for the local electronics-packaging industry, will
17m. to hire 15 new workers and expand its factory in the Ma’alot-Koren
ICC Israel Cutting Center Ltd., a laser- and
metal-cutter manufacturer, will receive NIS 9.6m. to hire 25 workers and
establish a factory in the Alon Tabor industrial zone.