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Israel Blesses the World

ICEJ South Africa Director Share Stories of Israel Blessing Africa

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Posted on: 
21 Aug 2017 (All day)
Israel Blesses the World
Mexican petrochemicals giant Mexichem announced recently that it is purchasing 80% of the Israeli irrigation company Netafim for about $1.5 billion in the latest mega-investment in the Israeli economy. “Netafim has a long history of innovation and technological leadership in the field of irrigation, and the acquisition will give Mexichem access to this advanced technology, which will eventually serve as a basis for ‘smart’ solutions in other industrial sectors,” said Antonio Carrillo Rule, CEO of Mexichem.

“We looked for a strategic partner for Netafim that would enable us to continue developing the company and to execute the next leap forward,” said Netafim president and CEO Ran Maidan. “We are proud to win the trust of a leading company like Mexichem and believe that, together, we can ensure the continued growth and prosperity of Netafim. The terms of the agreement guarantee Netafim’s continued Israeli character, with a commitment to preserving the company’s center of operations in Israel for many years to come.”

Here is a video about another way Israel is blessing the world