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.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

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.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS