| Business Summary | | Electrochemical
Industries
(1952)
Limited,
formerly
Electrochemical
Industries
(Frutarom)
Ltd.,
was
incorporated
in
1952
and
conducts
business
principally
in
the
plastic
sector.
The
operations
of
the
Company
are
conducted
at
its
plant
in
Acre,
Israel
and
through
its
subsidiaries
for
marketing
polyvinyl
chloride
(PVC)
in
Europe
and
through
subsidiaries
abroad
for
the
production
of
downstream
products
with
PVC
as
the
main
raw
material.
The
major
products
of
the
Company
are
plastics
consisting
of
various
grades
and
types
of
PVC,
which
is
sold
to
customers
in
domestic
and
export
markets
for
the
purpose
of
manufacturing
plastic
products
for
consumer
use.
In
addition,
the
Company
also
produces
other
chemical
products,
including
chlorine,
caustic
soda,
caustic
potash
and
sodium
hypochlorite
and
hydrochloric
acid. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | EIL,
a
manufacturing
company,
engages
mainly
in
the
production
of
raw
materials
for
the
plastic
industry
(PVC)
and
other
industrial
chemicals
and
production
of
downstream
products
from
P.V.C.
For
the
three
months
ended
3/31/01,
net
sales
fell
23%
to
$31.7
million.
Net
loss
totaled
$4.2
million
vs.
an
income
of
$972
thousand.
Results
reflect
the
continued
price
erosion
of
PVC,
reduced
demand
in
Western
Europe,
lower
margins
and
increased
administrative
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
23,922;
after
tax
earnings
were
654. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | John Farber, Ph.D., 74 | Chairman | Amir Endvelt, 40 | CEO,
Managing Director, Director | Oded Isvoranu, 29 | VP-Fin.,
VP of HR | Yeshaiahu Pikarsky, 63 | VP
- Safety and Environment | Sarah Hirch, Ph.D., 45 | VP
- Technology, R&D and Quality |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|