Netafim opening irrigation systems plant in Mexico
Haaretz
February 15, 2007
By Ora Coren and Amiram Cohen
The Netafim irrigation systems company means to start manufacturing via a
chain of plants outside Israel.
The company yesterday announced the establishment of its first plant in
Mexico, at an investment of $5 million.
It expects to cut the ribbon on the new facility, which will make
drip-irrigation tubing, in March 2007.
Economic Ben-Simon, chief executive of Netafim Mexico, commented that the
group's sales in South America have increased sharply in the last year,
mainly in Mexico, which has been marked as one of Netafim's strongest growth
drivers.
Mexican sales increased 28% in 2006 compared with the year before, the
company said, but refused to actually cite the figures involved, or to say whether
Netafim Mexico is profitable.
Ben-Simon added that Netafim Mexico is about to finish installing irrigation
systems involving 4,000 dunams of hothouses and 15,000 dunams of crop-land.
etafim opening irrigation systems plant in Mexico