JTA NEWS
24 May 2017 - 28 Iyyar 5777 - כ"ח אייר ה' אלפים תשע"ז
JTA NEWS :
Business
Israel Diamond Pavilion at Hong Kong show hosts 83 companies E-mail

Israel’s diamond industry was again a major presence at the Hong Kong International Diamond, Gem & Pearl Show, organised by the Hong Kong Trade Development Council. This year’s event ran from 28 February to 4 March at the AsiaWorld-Expo.

The Israel Diamond Pavilion, organised by the Israel Diamond Institute Group of Companies (IDI), hosted 83 companies. There were also 10 Israeli companies exhibiting in other locations throughout the show. Among the Israeli exhibitors four companies were participating in the show for the first time.

In the 1,200-square-metre Israel Diamond Pavilion, located in the Diamond Hall, IDI hosted a spacious lounge, with refreshments being served throughout the day.

Three “Get Diamond Show” terminals enabled buyers to search a computerised database in both English and Chinese to find all the goods offered by Israeli exhibitors at the show. Buyers could also access the Get Diamond Show system on their smartphones.

The Israeli exhibitors presented diamonds of all shapes and sizes, with several companies showing very large and important stones and fancy coloured diamonds. Many of the exhibitors were also showing specially designed pieces of diamond jewellery.

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Israeli technology to help clean India’s Yamuna River E-mail

India’s government announced in February that it will employ Israeli technology to clean up the Yamuna river, a tributary of the Ganges in northern India.

Ayala Water and Ecology Ltd will focus on a stretch of eight kilometres of sewage that drains into the river as an initial step towards cleaner water and a cleaner environment.

Commenting on the joint partnership in Delhi, Daniel Carmon, Israel’s Ambassador to India, said: “I commend the Israeli company Ayala Water & Ecology on their work in India. Addressing the challenges of water and environment is a challenge both India and Israel share. I am proud to see this partnership in action.”

“As we celebrate 25 years of growing partnership, we are glad that Israeli technology is integrated in government initiatives for the benefit of the Indian citizen. This is another example of the multifaceted partnership between India and Israel,” he added.

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Air India looking to y to Israel E-mail

Air India is in the process of inaugurating a new MumbaiTel Aviv route. The announcement is expected to coincide with an official visit to Israel by Indian Prime Minister Narendra Modi that has been slated to happen sometime in the next few months, according to the Times of India.

The flight will take a circuitous route to avoid ying over countries that do not have relations with Israel, and will therefore take seven rather than the usual ve hours for a direct route.

“Saudi Arabia does not allow planes to y to Israel from over its airspace. So Air India is drawing up a circuitous route to avoid over ying countries that have such restrictions for Israelbound planes,” a source told the Times of India.

El Al, Israel’s national airline, currently operates a route between Tel Aviv and Mumbai, though its jets are barred from ying over several Islamic and Gulf countries, including Pakistan, Afghanistan, Iran and the United Arab Emirates.

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Haifa welcomes the largest ship ever to dock in Israel E-mail

The 13,092-TEU container ship Maersk Elba arrived at the Carmel Terminal at Haifa Port on 2 February. It was operated on by four STS cranes with an average productivity of 136 containers per ship hour.

The Maersk Elba is part of the weekly service operated by the 2M Alliance of Maersk and MSC. It links the ports of South Korea, China and Singapore to Haifa and continues on to Adriatic ports.

The arrival of the vessel inducted Haifa into the exclusive club of ports capable of handling high-capacity 14,000TEU ships. But the next generation of ships of 18,000 TEU and above will not be able to call in Israel until further development takes place. Five new cranes have been built recently at the Carmel Terminal, in preparation for the facility’s handling of vessels like the Maersk Elba. These were constructed on the dock and join six other STS cranes.

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China’s Midea acquires Israel’s Servotronix E-mail

Chinese consumer appliance maker Midea Group Co., Ltd. has acquired control of Israeli motion-control company Servotronix Motion Control Ltd. for an enterprise value of US$170 million, according to media reports in February.

The deal follows the completion of Midea’s acquisition of German industrial robot manufacturer Kuka Group for over US$5 billion last month, marking another milestone in the Chinese appliance-maker’s bid to become a robotics and automation high-end industrial manufacturer.

“This strategic alliance represents another milestone in Midea’s expansion in industrial automation and intelligent manufacturing,” said Paul Fang, chairman and CEO of Midea. “We believe that Servotronix’ technological leadership and innovation in motion control will generate significant synergies with Midea in terms of value chain integration and new market development.”

At the same time, the two parities established a strategic partnership to expand the development and sales of advanced motion-control and automation systems globally and in China. This is the first collaboration of this type for Midea in Israel.

“This alliance will provide Servotronix with significant leverage for our global operations and put Servotronix in a leadership position in the eld of robotics, control and automation, with China being a major market in this field,” said Dr Ilan Cohen, president, CEO and founder of Servotronix.

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