Koor Industries

Koor Industries
   An umbrella organization for major industrial and craft concerns. It was established in 1944 as part of Solel Boneh, a construction concern whose aim was to develop heavy-industry factories. The establishment of Koor was part of the His-tadrut's general plan to ensure basic industry for the Yishuv that would maximize the use of existing raw materials, enable a planned distribution of the factories such that they would provide employment in development towns and areas, and help the balance of payments both by creating local products to replace imports and in supporting the export industry. Such an industry was also to be the basis for an independent security industry and a source of training for Jewish workers, and it was hoped that it would ensure the labor movement's special place in defining the direction and development of the economy in the future.
   In 1958, Solel Boneh was reorganized and divided into three companies: construction and public works throughout the country, construction and pavement abroad, and different types of industrial production. This made Koor an independent company, although still part of the group of companies owned by the Histadrut, which rapidly became the largest concern in Israel. Despite its status as Israel's largest conglomerate, Koor experienced severe economic difficulties in the late 1980s. It sold off various subsidiaries, closed unprofitable units, and defaulted on some bank loans. In the fall of 1991, banks in the United States and Israel, the government of Israel, and Hevrat Ovdim signed a financial restructuring agreement designed to rescue Koor. In the 1990s, large segments of the company were sold off to private investors in the context of the general trend toward privatizing the Israeli economy and the breaking-up of monopolies.
   See also Foreign Trade.

Historical Dictionary of Israel. .

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Teva Pharmaceutical Industries — Ltd. Тип Публичная компания Листинг на бирже NASDAQ: TEVA, TASE …   Википедия

  • Makhteshim Agan — Industries Ltd Type Private Industry Agribusiness Founded 1945 …   Wikipedia

  • Danny Ayalon — Date of birth 17 December 1955 (1955 12 17) (age 55) …   Wikipedia

  • Israel — /iz ree euhl, ray /, n. 1. a republic in SW Asia, on the Mediterranean: formed as a Jewish state May 1948. 5,534,672; 7984 sq. mi. (20,679 sq. km). Cap.: Jerusalem. 2. the people traditionally descended from Jacob; the Hebrew or Jewish people. 3 …   Universalium

  • TA-100 Index — El TA 100 Index, comúnmente referido como Tel Aviv 100, es un índice bursátil que incluye las 100 empresas con mayor capitalización de mercado listadas en la bolsa de Tel Aviv (Tel Aviv Stock Exchange TASE). El índice empezó su funcionamiento el… …   Wikipedia Español

  • Eli Hurvitz — Eliyahu Eli Hurvitz ( he. אליהו אלי הורביץ, born 1932) is an Israeli industrialist. He is the Chairman of the Board and former CEO of Teva Pharmaceutical Industries.BiographyHurvitz was born in Jerusalem, in the British Mandate of Palestine, in… …   Wikipedia

  • Migdal (company) — For other uses, see Migdal (disambiguation). Migdal Insurance and Financial Holdings Ltd. (Hebrew: מגדל‎) (TASE: MGDL) is one of the largest and oldest Israeli insurance companies. Founded in Jerusalem in 1934, the original group of… …   Wikipedia

  • Bank Mizrahi-Tfahot — Type Public (TASE: MZTF) Industry Banking Founded 1923 (as Bank Mizrahi) Founder(s) …   Wikipedia

  • Elbit Systems — Ltd. Тип …   Википедия

  • Безек — государственная телефонная компания Израиля. Имеет абоненскую базу около 2 000 000 номеров. Основания в 1984 году. В 1986 году совместно с компанией Моторола основала первую компанию сотовой связи в Израиле Пелефон. Совместное владение… …   Википедия

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”