22 May 2013 - 13 Sivan 5773 - י"ג סיון ה' אלפים תשע"ג
JTA NEWS :
Business
Information sharing agreements E-mail

A delegation of Chinese business leaders accompanied by Shenzhen Mayor Xu Qin visited Israel last month.

Relations between Israel and the Shenzhen business community took a step forward following the signing of an Information Sharing Agreement between the Federation of Israeli Chambers of Commerce (FICC) and Invest Shenzhen.

The agreement was signed during the China (Shenzhen)Israel (Tel Aviv) Economy, Trade and Technologies Roundtable Conference, held in Tel Aviv, attended by Mayor Ron Huldai.

The agreement provides a framework for Israeli companies to send delegations to Shenzhen and organise seminars, conferences and roundtables with their counterparts in the southern Chinese city.

In addition, three business agreements involving Israeli and Shenzhen-based hi-tech companies were also signed at the event.

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Sea wave power technology to China E-mail

SDE Ltd, a company that specialises in sea wave technology, has signed an export agreement to implement sea wave power plants. The company is in the final stages of building the second power plant in a series of three to be built in China. The deal that SDE has signed with their local partners is worth a total of US$1.2 million dollars.

The 150 Kw sea wave power plants will be installed in Southern China, in the province of Guangzhou, in the city of Dong Ping.

The company was started 16 years ago by inventor and acting CEO, Shmuel Ovadia. He developed a patented method for production of electricity from sea wave energy. A large module of its unique system is displayed in its factory in Israel which stimulates wave movement and electricity production using a hydropneumatic system.

SDE Ltd has built 11 power plants from its unique technology, and has established 11 JV’s with local partners around the world, including in countries such as: Chile, Mexico, Tanzania, Kenya and now China.

SDE’s method consists of using the motion of sea waves to generate hydraulic pressure, which is then transformed into electricity. The system takes advantage of the wave’s speed, height, depth, rise and fall, and the flow beneath the approaching wave, thus producing energy.

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More milking platforms in China E-mail

Afimilk, instrumental in technologies for milk production, has won a tender to establish 13 labor-efficient milking sheds known as rotary platforms in China. The company, Afimilk, is controlled by Israel’s Kibbutz Afikim.

The China tender was issued by Mengniu Dairy, one of the country’s largest dairy companies, who distribute local consumer milk, cheeses and yogurts.

Investment in the project will be divided equally between the Chinese government and the dairy company itself.

According to the company, the rotary platforms will be completed on a new farm in the next two years. Afimilk will send experts to China to help construct the rotary platforms with technicians and engineers.

The dairy farm will have capacity of 50,000 cows, half of the number currently being used in Israel. Each rotary platform is designed to milk 4,000 cows each day. The cows for the dairy farm will be imported to China from New Zealand and Australia, at a total cost of US$150 million.

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Teva Pharmaceutical appoints new Asia-Pacific chief E-mail

Teva Pharmaceutical Industries Ltd announced the appointment of Professor Itzhak Krinsky as Chairman of Teva Japan and Teva South Korea and Head of Business Development Asia-Pacific. Krinsky’s new appointment will be effective from mid-October.

Krinsky will be responsible for overseeing Teva’s generic and branded pharmaceutical businesses in Japan and South Korea. Additionally, he will manage business development for the Asia-Pacific region and continue to serve as a member of the Teva Executive Committee and will be located in Tokyo.

Krinsky will replace Moshe Manor, President and CEO of Teva Asia-Pacific who decided to retire from Teva. Krinsky will report directly to Dr. Jeremy Levin, President and Chief Executive Officer of Teva Pharmaceutical Industries.

“As part of our global strategic plan and in response to our growing presence in Asia-Pacific, we are positioning this part of our business to focus on the strong growth prospects in this region,” stated Levin.

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Pearls can also be a ‘girls best friend’ E-mail

Fine jewellery comes from the earths natural resources, found deep in the ground. Gold, silver, diamonds and other precious stones all eventually come to the surface and are made into various shapes and sizes.

One type of natural jewel comes from the sea the pearl, from a living shell mollusk as found in an oyster. The pearl grows inside, a hard object produced within the soft tissue, specifically known as the mantle.

Pearls are perfect and stylish for every occasion. Beautiful pearl jewellery brings together the natural qualities of the lustre of the pearl with the choice of design.

A fairly sophisticated industry to understand and source from, there are few ‘pearl experts’ in the world. Harry Kalati who owns London Pearl (Hong Kong) Ltd is one of the few. Kalati, a 37 year veteran in the pearl industry, serves top branded customers of high end jewellers found in the major retail outlets in New York, London and Paris.

“I moved to Hong Kong about three years ago to get closer to the source and suppliers of pearls,” Kalati said. He previously spent most of his working life in the UK where he established and founded London Pearl.

“The major locations for fine pearls are found in sea waters off Tahiti, Japan, Indonesia, Australia, Philippines and Burma. I need to be closer to my suppliers. For fresh water pearls I source from China and Japan.”

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