Displaying items by tag: Nesher

Israel: Nesher Israel Cement Enterprises CEO Joel Feldschuh has announced to shareholders that he will leave the company on 31 December 2013. Feldschuh has spent nine years in post at Nesher.

"Over the past nine years Nesher met all the economy's needs for high-quality products at competitive and fair prices and most of all, at a high level of service," said Feldschuh.

Israel: The Israeli Interior Ministry has approved the construction of a waste recycling plant with a capacity of 1500t/day next to the former Hiriya rubbish dump, southeast of Tel Aviv.

The project is a joint venture between the regional Dan Municipal Sanitation Association and Nesher Cement. Nesher Cement plans to use refuse derived fuels at its Ramle plant, all other materials will be recycled. The Environment and Finance ministries have also announced tenders to build another similar facility in the area.

Israel: Mashav Initiation and Development, a subsidiary of Clal Industries and Investments, will invest US$90m to expand its private power station, which supplies electricity to Nesher Cement Enterprises. The power station's production capacity will be initially expanded by 50MW and then by 70MW.

Clal Industries owns 75% of Mashav, and Ireland's CRH owns 25%. Mashav's 50MW natural gas-driven power station received a 20 year independent power producer license in 2010. The expansion, scheduled for mid-2014, will increase production capacity to 100MW and then to 120MW in the second half of that year. The surplus power not used by Nesher will be sold to private customers.

Clal Industries' board of directors has instructed Mashav's management to secure financing for the project from external sources.