Gov’t to boost industry in periphery

Beneficiaries in will receive money to hire workers and expand factories in plan designed to boost the Israeli economy.

Ben-Eliezer (photo credit: Ariel Jerozolimski)
(photo credit: Ariel Jerozolimski)
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 areas.
“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 country.”
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.
One 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.
Starplast 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 Kiryat Gat.
Shahak Tec Ltd., a plastics manufacturer, will receive NIS 30m. to hire 30 new workers and expand its factory in the Shahak industrial park between Afula and Hadera.
Ardonan Electronic Packaging Ltd., a maker of sheet-metal parts for the local electronics-packaging industry, will receive NIS 17m. to hire 15 new workers and expand its factory in the Ma’alot-Koren industrial zone.
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.