Industrial output of the 250 leading industrial companies in Israel rose by 10.5 percent on an annual basis in 2006, on the back of strong deal flow, an increase in exports and production and a rise in the number of employees, according to Business Data Israel's ranking of the leading industrial companies in Israel. "2006 marked a record year in the volume of foreign acquisitions of Israeli industrial companies, which increased by 1,260% to NIS 18 billion," said economists at BDI. "The increase in industrial production was also boosted by a 3% rise in the number of employees in the industry to 400,000, while average salaries in the sector increased by 5% to NIS 10,390." According to the report, about 20% of the 250 ranked companies were foreign-owned, 2% were state-owned and 45% were listed companies. Industrial exports - not including diamonds - rose by 14.5% to a volume of $29.3b., mainly driven by exports of the hi-tech industry which rose by $2.4b. compared with the previous year. Teva Pharmaceuticals Industries Ltd. was again ranked at the top of the 250 leading industrial companies with over 26,000 employees and sales of NIS 37b. in 2006. In second place, was Israel Chemicals Ltd. with revenue of NIS 14.5b., representing an increase of 8% over 2005. Amdocs was ranked in third place with NIS 11.5b. in revenues, while the Israel Aviation Industry was in fourth place with NIS 12.5b. in sales. In fifth place, was Makhteshim Agan with a trade volume of NIS 8b.