BREAKING NEWS

Iran war fears hitting Israeli suppliers

By YUVAL AZULAI/ GLOBES

AUGUST 20, 2012 21:43

The talk about a possible Israel strike on Iran's nuclear facilities is hitting Israel's business sector. RH Technologies Ltd. chairman Jacob Rosenberg says that he has to explain to his foreign customers whether he will meet future supply contracts in the event of a war. RH Technologies manufactures components and printed circuit boards for multinational electronics companies at its plant in Upper Nazareth.

Rosenberg told Globes, "the lively security debate over whether Israel will attack Iran is causing us immense damage and uncertainty. Many US companies which are our customers are signaling pressure and panic and demanding answers from us, such as how they will receive components from us if Israel's home front is bombarded by hundreds of rockets and missiles a day."

Rosenberg says that his big customers have lately been demanding guarantees that RH will meet deliveries in the event of a war. In response to pressure from his customers, he has accelerated plans to set up foreign production infrastructure to handle a scenario of a war lasting several weeks and involving missile attacks on the home front that disrupts production.

"We are currently investing half a million dollars in setting up infrastructure in Hungary, which will continue production for our foreign customers if Israel is attacked by missiles and economic output is disrupted. Under such conditions, I will move critical production employees, 100-150 technicians and engineers, to Hungary, where they will be able to lead operations and ensure that they are run smoothly. In the meantime, we are exploiting the routine to produce more components to increase inventory to ensure regular deliveries in the event that production is stopped with warning," says Rosenberg.

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