Sodastream to build Negev factory
The new factory will employ 500 people, mostly from the Bedouin town of Rahat.
Simhon welcomed the decision, noting that the company would employ 500 people, mostly from the Bedouin town of Rahat. Sodastream already employs 1,100 people in Israel. He added that the factory would give a big boost to the new industrial zone and encourage other companies to move to the Negev.
Sodastream's share price rose 1.6% in early trading on Nasdaq today to $41.11, giving a market cap of $820 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 6, 2012
© Copyright of Globes Publisher Itonut (1983) Ltd. 2012
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options