Basic industries

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1

Court dismisses suit against Leviev on Kyrgyz gold mine

Basic industries
  The Tel Aviv District Court today dismissed a NIS 2.5 billion lawsuit filed by Bertie Sinbeti against Lev Leviev and the Leviev Group.
  Chen Ma'anit 29/04/2012
 The Tel Aviv District Court today dismissed a NIS 2.5 billion lawsuit filed by Bertie Sinbeti against Lev Leviev, Leviev Group Project Management, and senior company officers for allegedly stealing a...
2

Granite offers to buy public shares in paint co Tambour

Basic industries
  Granite Hacarmel is offering NIS 5.25 per share for Tambour, a 9.3% premium on yesterday's closing price of NIS 4.80.
  Koby Yeshayahou 24/04/2012
 Azrieli Group Ltd. (TASE: AZRG ) subsidiary Granite Hacarmel Investments Ltd. (TASE: GRNT ) has made an offer to purchase the public's share in its paint subsidiary Tambour Ltd. (TASE: TMBU ). Granite...
3

Two Iscar execs could replace Buffett

Basic industries
  "Wall Street Journal" sees Iscar CFO Danny Goldman and CEO Jacob Harpaz as possible Warren Buffett successors.
  Globes' correspondent 22/04/2012
 Two executives of Iscar Ltd. are candidates to succeed Berkshire Hathaway Inc. (NYSE: BRK.A) chairman and CEO Warren Buffett says "Wall Street Journal" columnist Jason Zweig: Iscar CFO Danny Goldman ...
4

Tnuva, Coca-Cola Israel lose market share

Basic industries
  Strauss and Neto Group gained in the first quarter.
  Ilanit Hayut 16/04/2012
 Tnuva Food Industries Ltd. , Israel's largest food company, lost market share in the first quarter of 2012, as did Central Bottling Company Ltd. (Coca-Cola Israel) . In contrast, Strauss Group Ltd. (...
5

Elco sells Asian air conditioners business for NIS 50m

Basic industries
  Singapore's Hong Leong Asia bought the company's Airwell air conditioning factory and rights to the brand in Asia.
  Aviv Levy 15/04/2012
 Elco Holdings Ltd. (TASE: ELCO ) has sold its air conditioning business in Asia to Singapore's Hong Leong Asia Ltd. (SGX: HLA) for NIS 50 million ($13.5 million), and expects to report a pretax profit...
6

Labor sanctions cost Tnuva NIS 35m

Basic industries
  The union has resumed talks with management, following the resignation of chairman Shlomo Rodav.
  Ilanit Hayut 15/04/2012
 Sources inform ''Globes'' that the labor sanctions at Tnuva Food Industries Ltd. before Passover cost the company NIS 35 million, mostly from lost sales. The sources added that, just before the Since...
7

Tnuva work dispute talks progress after Rodav exit

Basic industries
  Top union official: Tnuva's employees do not expect to renew their labor sanctions after the Passover holiday, as originally planned.
  Shay Niv 11/04/2012
 There has been progress in the labor dispute talks between Tnuva Food Industries Ltd. management and workers committee. The progress comes a week after the resignation of Tnuva chairman Shlomo Rodav ...
8

Sodastream unveils new water dispenser

Basic industries
  The company claims that the AquaBar will "redefine the way we use water in the kitchen."
  Globes' correspondent 10/04/2012
 Sodastream International Ltd. (Nasdaq: SODA ) has unveiled its AquaBar, designed by Italy's Stefano Giovannoni. The company says that the AquaBar will "redefine the way we use water in the kitchen". ...
9

Treasury opposition to insulation wool tariffs overruled

Basic industries
  Deputy Attorney General Avi Licht: Finance Minister's Yuval Steinitz's arguments against a protective tariff are not supported by adequate facts.
  Yuval Azulai 08/04/2012
 Deputy Attorney General Avi Licht has sided with Minister of Industry, Trade and Labor Shalom Simhon, and demolished Minister of Finance Yuval Steinitz's arguments against a protective tariff to limit...
10

Rodav departure leaves Tnuva's plans uncertain

Basic industries
  Shlomo Rodav was pursuing a consistent, tough policy of cutting out the dead wood at the food company.
  Ilanit Hayut 04/04/2012
 The resignation of Shlomo Rodav as chairman of Tnuva Food Industries Ltd. raises a big question about the continued conduct of the company and its business plans. Rodav came to Tnuva to prepare the ...

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