Modgal Ltd. is a public holding company, whose portfolio of investments includes
a group of companies in the fields of petrochemicals, metals, biotechnology,
communications and the Internet. Following are highlights of its core businesses:
Israel Petrochemical Enterprises Ltd. (IPE)
IPE is a public holding company with investments in the Israeli economy. IPE's main
shareholdings are Carmel Olefins (50%), Israel's largest petrochemical enterprise,
and investments in natural gas explorations in the territorial waters off the coast
of Israel. The company's shares have been traded on the Tel Aviv Stock Exchange
since 1978. Modgal Industries Ltd. has a 57% stake in IPE. Under new ownership,
the company is now looking to develop and expand its current holdings. IPE is
considering new investments with the aim of expanding its range of holdings.
Carmel Olefins (COL)
COL is a leading manufacturer of ethylene, polyethylene and polypropylene. These
are the main raw materials used in the plastics industry. COL is the predominant
supplier of raw materials to Israel's highly developed plastics processing industry,
the turnover of which is assessed at about $ 2.3 million per annum.
In addition, COL exports its products to more than 20 countries in Europe, the
Middle East and Africa. Headquartered in Haifa, the company's state-of-the-art
facilities have a current annual capacity of 185,000 tons of ethylene, 150,000 tons
of low density polyethylene and 185,000 tons of polypropylene.
COL's output is manufactured according to the highest international standards
and competes successfully with the products of major manufacturers worldwide.
COL employs a high-skilled workforce of 560 to operate the company's complex
facilities.
Investments iin Natural Gas Exploration
In addition to its shareholdings in COL, IPE is a partner in a consortium of Israeli
and international companies engaged in natural gas exploration in territorial waters
off the coast of Israel, by virtue of
licenses granted to them by the State
of Israel. Recent explorations have
produced commercially viable reserves
of natural gas, discoveries which
provide a basis for restructuring
Israel's energy economy through
the use of cleaner energy sources.
Modgal Metals
A wholly-owned subsidiary, Modgal Metals specializes in the development, design,
planning and large-batch production of cast-iron products, including galvanized
fittings, quickcoup couplings and made-to-order castings,meeting the most
demanding customer requirements. Advanced engineering techniques, highly-trained
personnel, strict quality assurance and rigorous project supervision ensure both high
quality and maximum cost control.
Modgal-Tech 200 Ltd.
A wholly-owned subsidiary, this company invests in high-grown venture capital in
the fields of biotechnology, communications, software and the Internet. Its major
holdings include the following companies: Orsus, NST, Sagramatha and Activium.
C-Valves Ltd.
C-Valves engages in the development and manufacture of an innovative control
valve for wide industrial use.
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