Mashav

Mashav - Yizum VePituach Ltd., commonly known as Mashav, is an Israeli holding company active in infrastructure, imports and energy. It was established in 1963 as a holding company whose principal asset was Nesher Israel Cement Enterprises, the country's leading cement producer. For much of its history it was jointly owned by Clal Industries and Koor Industries; in 1998 it became wholly owned by Clal Industries through reciprocal asset sales. In 2001 Clal sold 25% of Mashav to Irish cement group CRH plc at a valuation of about US$600 million, reducing Clal's stake to 75%; Clal bought those shares back in 2015. Since 2012 Clal Industries has been controlled by Leonard Blavatnik. Mashav's portfolio has changed over the decades. It held stakes in Gold Bond (a cargo terminal and bonded warehouse operator at the Port of Ashdod) and in Israel Shipyards, and it once controlled Granite Hacarmel, whose holdings included Sonol, Supergas and battery maker Vulcan. In 2009 it attempted to acquire Hanson Israel, the country's second-largest building-materials company, but withdrew after the antitrust commissioner objected on competition grounds. Today its principal holdings are Nesher Israel Cement Enterprises (100%), Mashav Energy (100%), and a 50% stake in the Taavura group. Mashav Energy, founded in 2004, is one of Israel's pioneering private electricity producers. It initiated, built, operates and maintains the 120 MW "Nesherim" combined-cycle power plant next to the Nesher cement plant in Ramla, one of Israel's first private power stations, which began operating in 2010. Through Nesherim Energy Movila it supplies electricity to customers across all sectors of the economy under a virtual supply license, including from renewable sources, and it also offers energy storage solutions and on-site cogeneration plants. Its projects include the Nesher storage facility, among Israel's first energy-storage installations, and a cogeneration plant producing electricity, steam and hot water at Sheba Medical Center – Tel HaShomer. Mashav is led by chairman Eldad Ben Moshe, who is also CEO of the Mashav group and chairman and CEO of Nesher Israel Cement Enterprises, and by Mashav Energy CEO Dan Refaeli, who led the construction of the Nesherim power plant. The company is headquartered in the Ramla industrial zone for its energy operations and is a subsidiary within the Clal Industries group.

Mashav was founded in 1963 as an Israeli holding company. Its principal holding was Nesher Israel Cement Enterprises, the country's leading cement producer. Until 1998 the company was jointly owned by Clal Industries and Koor Industries; that year it became wholly owned by Clal Industries as part of reciprocal sales of jointly held assets, a transaction in which control of ECI Telecom passed to Koor. Also in 1998 Mashav sold its controlling stake in Granite Hacarmel — itself a holding company with interests in Sonol, Supergas and battery maker Vulcan — to businessman Israel Borovich. In 1996 Mashav acquired 24% of Gold Bond Ltd., which operated a cargo terminal and bonded warehouses at the Port of Ashdod; Gold Bond later acquired about 25% of Israel Shipyards. In 1998 Mashav sold its Gold Bond holding but directly acquired 19% of Israel Shipyards. In 2001 Clal Industries sold 25% of Mashav to Irish cement group CRH plc at a valuation of about US$600 million, leaving Clal with 75%. In 2004 Mashav established the subsidiary Mashav Energy to consolidate its energy activities and enter electricity generation, raising 200 million shekels for the purpose. In 2005 the company raised 200 million shekels in bonds traded on the Tel Aviv Stock Exchange until their redemption. In December 2006 Mashav signed a 15-year agreement with EMG to purchase natural gas from Egypt (the Tamar gas field had not yet been discovered) to build a natural-gas power plant that would supply most of its electricity to the Nesher plant in Ramla and lower Nesher's energy costs. At the end of 2009 Mashav completed construction of a 45 MW power plant on the grounds of the Nesher cement plant at a total investment of 150 million shekels; capacity was later expanded to 120 MW. In 2009 Mashav tried to acquire Hanson Israel, the second-largest building-materials company in Israel, but withdrew after antitrust commissioner Ronit Kan objected over concerns about harm to competition in the building-materials sector. In 2015 Clal Industries bought back CRH's stake in Mashav. In 2017 Mashav sold its holding in Israel Shipyards after the shipyard began importing cement into Israel and competing with Nesher. Today Mashav's holdings include Nesher Israel Cement Enterprises (100%), Mashav Energy (100%), and the Taavura group (50%). Mashav Energy's subsidiary Nesherim Energy Movila owns the 120 MW combined-cycle power plant at the Nesher cement plant in Ramla. Another subsidiary, Agira Sha'uva BaNesher, sought to build a pumped-storage facility of about 220 MW at Nesher, spanning between the Nesher quarries on Mount Carmel and a water reservoir to be built at the Nesher Haifa plant near the Kishon River; the project was cancelled in 2010. Mashav Energy describes itself as one of Israel's first private electricity producers and suppliers, offering reliable electricity from diverse energy sources at competitive prices, with a virtual supply license, renewable energy, energy storage and on-site cogeneration. Its projects include the Nesherim power station (operating since 2010 near the Nesher cement plant in Ramla), the Nesher storage facility (among Israel's first energy-storage installations), and a cogeneration plant producing electricity, steam and hot water at Sheba Medical Center – Tel HaShomer.

• 2017

  Sold its holding in Israel Shipyards after the shipyard began importing cement and competing with Nesher.

• 2015

  Clal Industries bought back CRH's stake in Mashav.

• 2012

  Clal Industries came under the control of Leonard Blavatnik.

• 2010

  Nesherim power station began operating; the Agira Sha'uva BaNesher pumped-storage project was cancelled.

• 2009

  Completed a 45 MW power plant at the Nesher cement plant in Ramla (later expanded to 120 MW); attempted to acquire Hanson Israel but withdrew after antitrust objection.

• 2006

  Signed a 15-year natural gas purchase agreement with EMG for gas from Egypt.

• 2005

  Raised 200 million shekels in bonds traded on the Tel Aviv Stock Exchange until redemption.

• 2004

  Mashav Energy established to consolidate energy activities and enter electricity generation; raised 200 million shekels.

• 2001

  Clal Industries sold 25% of Mashav to CRH plc at a valuation of about US$600 million.

• 1998

  Became wholly owned by Clal Industries through reciprocal asset sales; sold controlling stake in Granite Hacarmel to Israel Borovich; sold Gold Bond holding and directly acquired 19% of Israel Shipyards.

• 1996

  Acquired 24% of Gold Bond Ltd., operator of a cargo terminal and bonded warehouses at the Port of Ashdod.

• 1963

  Mashav founded as an Israeli holding company; principal holding is Nesher Israel Cement Enterprises.

A veteran Israeli holding company that combines a dominant position in cement and building materials with pioneering private power generation and energy solutions.

• Nesher Israel Cement Enterprises

  Israel's leading cement producer, wholly owned by Mashav.

• Nesherim 120 MW power plant

  Combined-cycle private power plant at the Nesher cement plant in Ramla, operating since 2010.

• Mashav Energy private electricity supply

  Virtual supply license providing electricity from diverse sources, including renewables, to customers across all sectors.

• Nesher energy storage facility

  Among Israel's first energy-storage installations.

• Sheba Medical Center cogeneration plant

  Cogeneration plant producing electricity, steam and hot water at Sheba Medical Center – Tel HaShomer.

1. 1משאב אנרגיה - האנרגיה שלך להצלחהmashavenergy.co.il
2. 2אודות - משאב אנרגיהmashavenergy.co.il
3. 3Mashavwikidata.org
4. 4משאב - יזום ופיתוחhe.wikipedia.org