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August 03, 2015 1:22 PM ET

Construction Materials

Company Overview of Mashav-Initiation and Development Ltd.

Company Overview

Mashav-Initiation and Development Ltd., through its subsidiaries, manufactures and supplies cement and clinker products for the building industry. It also offers power generation services. The company was founded in 1963 and is based in Tel Aviv, Israel. Mashav-Initiation and Development Ltd. operates as a subsidiary of Clal Industries Ltd.

5 Druyanov Street

Tel Aviv,  63143

Israel

Founded in 1963

Phone:

972 3 621 1628

Fax:

972 3 528 7963

Key Executives for Mashav-Initiation and Development Ltd.

Chief Executive Officer and President
Age: 76
Compensation as of Fiscal Year 2015.

Mashav-Initiation and Development Ltd. Key Developments

The Export-Import Bank of the United States Votes to Guarantee $44.8 Million Loan Extended by G.E. International Inc. to Mashav Initiating and Development Ltd

The board of the Export-Import Bank of the United States voted to guarantee a $44.8 million loan extended by G.E. International Inc. to Mashav Initiating and Development Ltd. (Mashav) that will facilitate the export of power-plant equipment to Israel and support approximately 100 U.S. jobs in Houston and Cincinnati. The exports include one GE LM6000 PF Sprint gas-turbine generator set manufactured by GE Packaged Power Inc., two Energy Chiller packages manufactured by TAS Services LLC, and related services. Mashav plans to employ the equipment in the expansion of its power plant in Ramla, Israel. The plant is scheduled to be operational by January, 2014. The Export Guarantee and Insurance Corporation (EGAP) is co-financing the transaction and re-insuring Ex-Im Bank for the purchase of other products.

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