JTA NEWS
24 October 2017 - 4 Heshvan 5778 - ד' חשון ה' אלפים תשע"ח
JTA NEWS :
Business
Camtek sells its PCB business to Shanghai investment group E-mail

Israeli semi-conductor company Camtek Ltd recently signed a definitive agreement with an affiliate of Principle Capital, a Shanghai-based private-equity fund, to sell its printed circuit board (PCB) business for US$35 million.

Camtek CEO Rafi Amit said: “This agreement is in line with our long-term strategy. Camtek will become a pureplay semiconductor inspection and metrology-focused company, where we see many growth opportunities ahead. Our stronger balance sheet will also make it easier for us to explore synergetic acquisitions in our sector. Camtek as a semiconductor company will potentially present higher growth rates with improved gross margins.”

He added: “This agreement will enable Principle Capital to build a leading Asia based PCB inspection and metrology company, capitalising on our well-positioned PCB unit.”

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Autotalks expanding operations in Asia E-mail

Autotalks, the Israeli V2X (Vehicle to Everything) communication solutions developer, is expanding its operations with the opening of two offices in Japan and a third in South Korea. These offices will provide close local support to car manufacturers and automotive Tier-1 suppliers across Asia and the Pacific. Autotalks is continuing to expand these offices, and is hiring local staff.

Heading the company’s Asia-Pacific organisation and business operations is Ram Shallom, Autotalks’ VP of Business Development and Marketing Asia-Pacific, who relocated from the company’s headquarters in Israel to the new office in the Tokyo area. Shallom, who joined Autotalks three years ago, has over 10 years’ experience in international business development and marketing, as well as large-scale project and R&D management, while working very closely with the AsiaPacific region.

Autotalks’ office in Nagoya will provide R&D and technical support to customers and partners in Japan. It is headed by Gilad Meller, who has over eight years of experience in leading V2X R&D and managing customer V2X projects.

Hand-in-hand with Autotalks’ rapidly growing business in South Korea, a site in Seoul was recently established with the target of delivering R&D and technical support services to the company’s customers and partners in the country. Autotalks recently recruited Eunho Kim, a local Technical Manager with vast experience in V2X development, to its Seoul site.

Autotalks’ expansion into Asia was accelerated significantly in 2016 with the decision by DENSO, a Japanese electronics giant, to incorporate the company’s V2X chipset into the V2X platform it provides to car manufacturers. The mass production of the V2X solution, initially designed for the North American market, is expected to begin in 2019.

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IDE Technologies to build desalination plant in Taiwan E-mail

IDE Technologies, an Israeli producer of water treatment solutions technology, has been commissioned by Taiwanese firm Formosa Petrochemical Corporation (FPCC), which is engaged in the refining and distribution of oil products, to build its Seawater Reverse Osmosis (SWRO) desalination plant.

The desalination plant will be located at the Mai-Liao Power Corporation in Yunlin County, Taiwan, and will have a capacity of 105,000 m3/day. It will produce high-quality water for industrial applications.

IDE is providing Formosa with a solution that optimises the consumption of energy and chemicals, while also being highly cost-effective. The Taiwanese government recently reduced water rights for Formosa from natural sources to support agriculture, requiring the company to seek an independent water supply.

IDE’s solution in this new SWRO desalination plant will help the Mai-Liao Power Plant meet its water requirements and comply with the local regulations for the discharge of blowdown water.

This desalination plant will use IDE’s boron-removal system to be the world’s first to reach the extremely low and challenging boron concentration level requirement of less than 0.01 ppm. IDE will design the Formosa desalination plant, supply and install equipment, commission the plant, and supervise operation and maintenance for two years.

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Israel in Top 10 of global weapons sellers E-mail

Israel was rated in eighth place among the world’s leading sellers of weapons systems last year. In 2016, Israel’s four leading defence companies – Elbit Systems Ltd., Israel Aerospace Industries Ltd. (IAI), Rafael Advanced Defense Systems Ltd. and Israel Military Industries Ltd. (IMI) – had US$8.6 billion in sales to the defence market.

The ranking, by international accounting firm Baker Tilly, is based on figures from the US weekly, Defense News. The rating of the world’s 100 leading defence companies is based solely on their sales to the defence markets, and does not include civilian market sales and revenue.

Elbit Systems was the leading Israeli defence company in defence sales in 2016, although when civilian sales are included, IAI had larger sales. Elbit Systems was ranked 27th in the world in defence sales, while IAI was ranked 33rd.

According to Baker Tilly, Elbit Systems’ defence sales totalled US$3.1 billion in 2016, compared with US$2.6 billion for IAI. Rafael rose from 41st place in Baker Tilly’s international rankings for 2015 to 37th place for 2016, with US$2.3 billion in sales, up 17%, compared with the preceding year, making it one of the world’s fastestgrowing defence companies, according to Baker Tilly.

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Chinese spirit beverage provider taps Israel’s consumer market E-mail

The makers of Will Wuliangye Baijiu, a Chinese white-spirit alcoholic beverage made from grain, are looking to target Israeli consumers.

Top executives of the Wuliangye Group, which produces the liquor, were part of a highlevel delegation that visited Israel in August. “Israel is historically one of the origins of wine globally, Wuliangye Group Chairman Li Shuguang told The Jerusalem Post.”

“In recent years, we have had wider and stronger economic co-operation between China and Israel. The friendship and mutual respect between the two nations has been ongoing for centuries. So much so that today China is Israel’s biggest economic partner in Asia.”

The focal point of the visit of the delegation, from Yibin County in Sichuan and the Wuliangye Group, was a gala event held on 2 August at the Andromeda House in Jaffa. The event included cocktails made with Wuliangye Baijiu, as well as speeches by various members of the Chinese delegation. Attendees included managers of leading companies in the Israeli business sector and Israeli consulate members from Chengdu.

Wuliangye is China’s largest producer of Baijiu and is considered one of China’s most valuable national brands, with a market value of US$30 billion and annual revenue approaching US$10 billion.

The delegation visited Israel to identify business opportunities, establish co-operative ventures and potentially invest in Israeli businesses from sectors close to their own. The group is particularly interested in introducing the Wuliangye Baijiu brand to Israel. Chairman Li Shuguang explained: “Wuliangye is considered the water of life in China and we hope to introduce this water of life to Israel.”

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