PROFILE |
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Established in 1949, diversified Elco Holdings is about as old as the State of Israel, its homeland. Electra Consumer Products (ECP, about 70%-owned) and Electra (Israel) Ltd. (55%-owned) subsidiaries make air conditioners and other appliances for sale primarily in Israel and Europe. ECP also distributes Whirlpool and Philips appliances, while Electra also invests in real estate. Elco Industries (about 80%-owned) makes transformers and other devices used for transmitting and distributing electric power. Through its 50% stake in Shekem, Elco operates electronics and department store chains in Israel. Its Elco Technologies subsidiary invests in high-technology firms.
COMPETITION |
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Clal Industries & Investments Ltd. (CII)
Koor Industries Ltd. (KOR)
Israel Corporation Ltd. (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 1,095.10
1-Yr. Sales Growth: 12.5%
Employees: 6,000
Revenue per employee: $182,516.67
KEY PEOPLE |
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Georg Salkind
CEO
CONTACT INFO |
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21 Shaul Hamelech Blvd.
Tel Aviv 64367, Israel
Phone: 972-3-693-9696
Fax: 972-3-691-3252
Online: Web Site
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