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Elco Holdings Ltd.(TASE Symbol: ELCO) began operations in 1949 with the manufacturing of small distribution transformers. Through mergers and acquisitions, the Group has grown and diversified tremendously over the years and is now a leading industrial group involved in a wide range of business activities: household appliances, air-conditioning, mechanical and electro-mechanical contracting, electricity infrastructure products, retail consumer electronics and real estate.
Generating an annual turnover of US$ 2.2 billion in 2003, Elco is one of Israel's largest industrial groups, with a total global work force of over 12,600. Some 75% of consolidated Group sales will now originate from outside of Israel, with a strong presence in Europe and particularly France.
The Group's main lines of activity are conducted through separate business units incorporated into distinct legal entities. Four of these companies are publicly traded on the Tel Aviv Stock Exchange, allowing them to enjoy complete operational and financial independence along with the benefits associated with being a part of a larger industrial group. These benefits include coordinated efforts with respect to strategic planning, business development, mergers and acquisitions, investment policy, risk analysis and allocation of resources for financing.
Elco Production Centers
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(TASE Symbol:
ELTR >>
)
(69% holding)
Contractor of electro-mechanical systems,
owner & developer of real estate.
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(TASE Symbol:
ELCRE >>
)
(72% holding by Electra Ltd.)
(4% holding by Elco Ltd.)
Established in 1997, geographic
focus on Germany, UK, USA, Canada, Israel and
other Eastern Europe.
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(TASE Symbol:
ECP >>
)
(70% holding)
Established in 1951, is Israel's largest and leading company in the Air-con',
household appliances computers and communications fields. |
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