Articles by February, 2018

The Teva plant in Netanya will be closed by the end of next year, and about two hundred and forty workers will be fired. This was the decision of the Company's management. The laid-off employees are part of the 1,700 employees the company decided to lay off at the end of last year. The Nature Plant of Netanya produces the active part of various drugs, and is considered less profitable. Shaul Amsterdsky writes that this production activity is expected to be pressured into Israel Billionaire Warren Buffett is investing in the Israeli drug manufacturer Teva. Buffett's investment company,...

Orkam's founders Amnon Shashua and Ziv Aviram announced a $ 30 million financing round. This round turned Orckem's value to $ 1 billion.   The company has developed glasses for the blind, and they have a unique camera that scans and reads to the one that each text contains, and even recognizes faces and products.   In anticipation of the expected IPO in the coming year, the company is interested in raising another $ 100 million and reaching a company value of $ 2 billion. "I think the potential of the company is far greater than that of Mobily," said CEO and founder Ziv Aviram after the...

Intel will invest 5 billion $ in it's plant in Kiriat Gat. In a meeting held at the Ministry of Economy with the participation of Industry and Trade Minister Eli Cohen, Director General Shai Rinsky, Investment Authority Director Nahum Itzkovich and Chief Scientist Ami Appelbaum and representatives of Intel, CEO Yaniv Garti and plant manager Danny Ben Attar, The company intends to expand the production activity at its plant in Kiryat Gat, already during the current year, with an investment of $ 5 billion, which will be completed by 2020.