July 22, 2017 9:41 AM ET

Machinery

Company Overview of IDE Technologies Ltd.

Company Overview

IDE Technologies Ltd. provides water treatment solutions. The company specializes in the development, engineering, construction, and operation of desalination and industrial water treatment plants. It offers thermal and membrane desalination solutions; IDE PROGREEN modular plants, such as potable water series, high pure water series, and reverse osmosis (RO) modules for chemical-free RO desalination; industrial water treatment solutions that include produced water treatment, high salinity water treatment, cooling tower water treatment, and zero liquid discharge plans; and wastewater reuse solutions through sustainable advanced reclamation process technology. The company also operates as an e...

Hamatechet Street

Hasharon Industrial Park

P.O.Box 5016

Kadima,  6092000

Israel

Founded in 1965

Phone:

972 9 892 9777

Fax:

972 9 892 9716

Key Executives for IDE Technologies Ltd.

Chief Executive Officer and President
Age: 54
Chief Financial Officer and Executive Vice President
Chief Executive Officer of Assets and President of Sales & Marketing
Chief Executive Officer of IDE Projects
Vice President and General Counsel
Compensation as of Fiscal Year 2017.

IDE Technologies Ltd. Key Developments

Formosa Petrochemical Corporation Selects IDE Technologies to Build and Operate its Seawater Reverse Osmosis Desalination Plant

IDE Technologies announced that it has been commissioned by Formosa Petrochemical Corporation (FPCC), engaged in the refining and distribution of oil products, to build its Seawater Reverse Osmosis (SWRO) desalination plant. The desalination plant will be located at the Mai-Liao Power Corporation in Yunlin County, Taiwan, and have a capacity of 105,000 m3/day. The plant will produce high-quality water for industrial applications. IDE is providing Formosa with a solution that optimizes energy and chemicals consumption, while also being highly cost effective. The government recently reduced water rights for Formosa from natural sources to support agriculture, requiring the company to seek an independent water supply. IDE's solution in this new SWRO desalination plant will help the Mai-Liao Power Plant meet its water requirements and comply with the local regulations for discharge of blowdown water. This desalination plant will utilize IDE's boron removal system to be the world's first to reach the extremely low and challenging boron concentration level requirement of less than 0.01 ppm. IDE will design the Formosa desalination plant, supply and install equipment, commission the plant, and supervise operation and maintenance for two years.

Israel Chemicals In Talks To Sell Stake In IDE Technologies

Israel Chemicals Ltd. (TASE:ICL) is holding negotiations for sale of 50% stake of IDE Technologies Ltd.

CCCC Bids For IDE

China Communications Construction Company Limited (SEHK:1800) made a bid to acquire IDE Technologies Ltd. from Israel Chemicals Ltd. (TASE:ICL) and Delek Investments & Properties Ltd. The bid is reportedly one of three offers and the final bids are due in fourth quarter of 2016.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 7, 2017
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