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Last 1,308
Change Today -2.00 / -0.15%
Volume 7.9K
HAMAT On Other Exchanges
Tel Aviv
As of 10:24 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

hamat group ltd (HAMAT) Snapshot

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52 Week High
07/20/15 - $1,449
52 Week Low
12/30/14 - $951.00
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hamat group ltd (HAMAT) Details

Hamat Group Ltd. manufactures, markets, and exports bathroom and kitchen products in Israel, Germany, and North America. It operates through Faucets, Sanitary Tools, Plumbing, Distribution, and Other segments. The company offers bathroom and kitchen faucets, toilets, washbasins, kitchen sinks, showers, and bathtubs. In addition, it offers kitchen and bathroom accessories, such as soap dispensers, hangers, hooks, mirrors, toilet paper hangers, decorative trash bins, door knobs, and other functional elements. The company markets its products to distributors, marketing networks, showrooms, dealers, retailers, manufacturers, and project contractors. Hamat Group Ltd. was founded in 1951 and is based in Ashdod, Israel.

Founded in 1951

hamat group ltd (HAMAT) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: 525.0K
Chief Executive Officer of Lipski
Total Annual Compensation: 684.0K
Chief Executive Officer of Harsa Studio-Sanit...
Total Annual Compensation: 663.0K
Compensation as of Fiscal Year 2014.

hamat group ltd (HAMAT) Key Developments

The Hamat Group Signs Letter of Understanding for Establishment of Joint Factory

The Hamat group reported that it had signed a letter of understanding with a Turkish corporation for the establishment of a joint factory for the production of sanitary products near Izmir, Turkey. The announcement said that under the agreement, a joint company would be established in Turkey. In the first stage, the company will complete its purchase of 30 dunam (7.5 acres) of land on which the plant will be built. Hamat says that the agreement gives it a call option for buying the local partner's share in the joint company, and the local partner will have a put option for selling its share.

Hamat Group Ltd., Annual General Meeting, Feb 08, 2015

Hamat Group Ltd., Annual General Meeting, Feb 08, 2015., at 11:00 Israel Standard Time.

Harsa Sanitary Products Factory in Beersheva Faces Closure

The Hamat Group announced that it was considering the closure of its Harsa ceramic sanitary products factory in Beersheva and the transfer of its production overseas. The plant employs 150 workers, and its wage costs, which are much higher than in Western Europe, combined with the high cost of its production inputs, including gas, electricity, and municipal taxes, do not allow the factory to make a profit. It was considering a number of alternatives around the world, but the company board of directors has not yet discussed them. The Hamat Group announcement comes two days after the sudden closure of the Arad Towels factory and the laying off of its 170 employees, 15 layoffs in the Flextronics factory in Arad, and 50 layoffs at the IDE Technologies desalination company.


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