Tnuva repeats as country's top food producer

Tnuva increased revenue by 7.5 percent to NIS 5.7 billion in 2006, while the Strauss Group, based on the strength of a slew of international acquisitions, saw revenue jump 23% to NIS 5.15b. from 2005 levels.

By MATHEW KRIEGER
June 7, 2007 07:12
1 minute read.

Tnuva and the Strauss Group retained the top two spots as the country's top food-producers in a poll released by Business Data Israel (BDI) this week in which it ranked Israel's 49 most lucrative producers of food and drink products. Tnuva increased revenue by 7.5 percent to NIS 5.7 billion in 2006, while the Strauss Group, based on the strength of a slew of international acquisitions, saw revenue jump 23% to NIS 5.15b. from 2005 levels. Food, drink and tobacco manufacturers on the whole had a very good year in 2006 as total revenue grew 7% to NIS 45.5b, with food producers alone accounting for NIS 39b. after posting growth of 8% from 2005. The industries employ a total of 45,800 workers, according to the survey. BDI also reported that food exports increased 8.4% last year to $711 million from $656m. in 2005, as exports of fruit and vegetables jumped 33%, grain 13%, meat and chicken 5% and bakery products 5%. Additionally, noted BDI, more than 3,000 new food or drink products appeared on the market last year, highlighting the rise of organic and health-food products, in particular. Following in third place behind the Strauss Group was soft drink giant Coca-Cola, which increased revenues 3% to NIS 3.1b., and then Osem, with 2006 revenue of NIS 2.65b., an increase of 5% from 2005. Rounding out the top-five was the Neto Group, with revenue of NIS 1.5b. Also among the top-10 revenue earners in the country's food-production industry were Unilever Israel (NIS 1b.), Gan Shmuel Foods Ltd. (NIS 965m.), Yafora (NIS 850m.), Tivall (NIS 638m.) and Zoglobeck (NIS 623m.). Showing the most impressive growth was Angel's Bakery, which advanced nine spots from number 21 in 2005 to number 12 last year. On the losing side, Tempo Beer Industries dropped 11 spots to number 23 from number 12 in 2005.


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