Renk AG looks to invest 10m. Euro

Representatives from Renk AG, the German engineering company, will arrive in Israel, to evaluate investment opportunities in the country's factories and industrial sector.

Representatives from Renk AG, the German engineering company, will arrive in Israel, to evaluate investment opportunities in the country's factories and industrial sector. The Ministry of Industry, Trade and Labor said Renk will invest around 10 million Euro, under the terms of a reciprocal purchase agreement, relating to a deal done between Israel and Renk, where Renk's services were procured for use in the development of the Model 4 Merkava Tank.