Jump to content

Ashot Ashkelon: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
BG19bot (talk | contribs)
1,005,055 edits
m WP:CHECKWIKI error fix for #61. Punctuation goes before References. Do general fixes if a problem exists. - using AWB
Line 57: Line 57:
In 1992, the company had an [[initial public offering]] on the [[Tel Aviv Stock Exchange]]. The same year, the company signed a 20 years frame agreement with the [[Allison Engine Company]], at the time a division of [[General Motors]], to manufacture parts for 20 different engine types. The agreement was estimated to represent a total potential income of $100–140 million.<ref>[https://www.highbeam.com/doc/1G1-12536024.html Ashot frames GM. (Ashot Ashkelon Industries' aircraft engine contract with General Motors Corp. Allison Transmission Div.)] Israel Business Today, 14 August1992</ref>
In 1992, the company had an [[initial public offering]] on the [[Tel Aviv Stock Exchange]]. The same year, the company signed a 20 years frame agreement with the [[Allison Engine Company]], at the time a division of [[General Motors]], to manufacture parts for 20 different engine types. The agreement was estimated to represent a total potential income of $100–140 million.<ref>[https://www.highbeam.com/doc/1G1-12536024.html Ashot frames GM. (Ashot Ashkelon Industries' aircraft engine contract with General Motors Corp. Allison Transmission Div.)] Israel Business Today, 14 August1992</ref>


In 2007, Ashot won a tender to manufacture the [[Drivetrain]] and hydro-mechanical suspension enabling cross-country mobility, for both the [[Merkava Mk. 4]]<ref>[https://defense-update.com/newscast/0610/eurosatory_2010_13062010_merkava.html#more International debut for Israel's Newest Merkava Mk4]], Defense Update, Oct 2010 </ref> tank and the [[Namer]] [[Armoured personnel carrier]].<ref>[https://defense-update.com/features/2010/june/namer_merkava_update_09062010.html Enter the Namer - An update on the Merkava based Infantry Fighting Vehicle], Defense Update, Oct 2010 </ref>
⚫
In 2011, Ashot acquired [[Illinois]] based Reliance Gear Corporation, a manufacturer of custom and precision gearing that was founded 1965, which today operates as a fully-owned subsidiary of Ashot.<ref>[http://www.globes.co.il/en/article-1000833018 Ashot Ashkelon: Defense industry success story The defense contractor's revenue has risen from NIS 17 million to NIS 230 million within seven years], Yuval Azulai, Globes 28/03/2013</ref>


⚫
In 2011, Ashot acquired [[Illinois]] based Reliance Gear Corporation, a manufacturer of custom and precision gearing that was founded 1965, which today operates as a fully-owned subsidiary of Ashot.<ref>[http://www.globes.co.il/en/article-1000833018 Ashot Ashkelon: Defense industry success story The defense contractor's revenue has risen from NIS 17 million to NIS 230 million within seven years], Yuval Azulai, Globes 28/03/2013</ref>
In 2014, two Dutch pension funds, [[Aegon N.V.|Aegon]]<ref>[http://www.aegon.nl/multimedia/overaegon/uitsluitingenlijst "Uitsluitingenlijst Aegon Nederland"], Aegon.nl, 01 January 2014, retrieved 20 August 2014</ref> and [[Stichting Pensioenfonds ABP|ABP]].<ref>[http://www.ynetnews.com/articles/0,7340,L-4537945,00.html "EU nations, firms warn against West Bank investments"], Ynetnews, 04 July 2014, retrieved 20 August 2014</ref>
, put the company on an exclusion list for investment, due to its alleged role in the production of [[cluster munition]]


==Products==
==Products==

Revision as of 11:18, 11 May 2016

Ashot Ashkelon Industries Ltd
Native name
עשות אשקלון תעשיות
Company typePublic company
TASE: ASHO
IndustryDefense, Automotive
Founded1951; 73 years ago (1951)
FounderEfraim Ilin
Headquarters
Ashkelon
,
Israel
RevenueIncrease₪ 340.93 million (2015)
Increase₪ 17.24 million (2015)
Total equity₪ 224.25 million (2015)
OwnerIsrael Military Industries 85%
Number of employees
560 (2015)
SubsidiariesReliance Gear Corporation
Websitewww.ashot.co.il

Ashot Ashkelon Industries Ltd (TASE: ASHO) is an Israeli manufacturer of build to print products such as: gears, transmissions and gearboxes to the Aerospace,[1] Military, and Automotive industries. Ashot is a subsidiary of the Israel Military Industries Ltd. (IMI)[2] and publicly traded on the Tel Aviv Stock Exchange. The company has 560 employees.[3]

Ashot supplied parts for the Allison jet engine

History

Ashot Ashkelon was founded in 1951 as Kaiser-Ilin Industries by businessman Efraim Ilin.[4] Initially as a factory for assembling Kaiser-Frazer cars and Mack Trucks under license; Kaiser-Ilin had two production sites, one in Haifa (which opened in 1951) where the vehicle assembly line was based and one in Ashkelon (which was opened in 1960), for manufacturing spare parts for automotive equipment, gears and metal-working machinery.[5]

During the 1960 the company got into financial difficulties and the vehicle assembly line was closed; the Ashkelon plant continue to operate at a lost. In 1967, it was acquired by Israel Military Industries and its name changed to Ashot Ashkelon Industries.

In 1990, Ashot signed a long term supply contract with Boeing to manufacture transmission systems used in the rudder mechanisms of Boeing 747 and Boeing 757 aircraft.[6]

In 1992, the company had an initial public offering on the Tel Aviv Stock Exchange. The same year, the company signed a 20 years frame agreement with the Allison Engine Company, at the time a division of General Motors, to manufacture parts for 20 different engine types. The agreement was estimated to represent a total potential income of $100–140 million.[7]

In 2007, Ashot won a tender to manufacture the Drivetrain and hydro-mechanical suspension enabling cross-country mobility, for both the Merkava Mk. 4[8] tank and the Namer Armoured personnel carrier.[9]

In 2011, Ashot acquired Illinois based Reliance Gear Corporation, a manufacturer of custom and precision gearing that was founded 1965, which today operates as a fully-owned subsidiary of Ashot.[10]

Products

Template:Multicol

Aerospace

Template:Multicol-break

Defense

  • Transmissions and Gears
  • Final Drives
  • Penetrators and Fragmentation Parts
  • Suspensions

Template:Multicol-break

Automotive

  • Power take off units
  • Automatic transmissions
  • Transmission range shaft
  • Clutch independent drives
  • Mass transit gearboxes
  • Drive axles
  • Oil pumps

Template:Multicol-end

See also

References

  1. ^ Hybrid-Electric Propulsion For Rotax Archive
  2. ^ Israel Defense (13 August 2012). "Another deal for Ashot Ashkelon". Israel Military Industries. Retrieved 17 April 2013. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)
  3. ^ http://www.ashot.co.il/About.html Official About Page
  4. ^ Kaiser-frazer Company Announces Establishment of Automobile-assembly Plant in Haifa, March 8, 1950
  5. ^ American Kaiser Company Plans Three New Factories in Israel, September 26, 1958
  6. ^ Ashot gets $48 M Boeing orders, Israel Business Today, May 29, 1992
  7. ^ Ashot frames GM. (Ashot Ashkelon Industries' aircraft engine contract with General Motors Corp. Allison Transmission Div.) Israel Business Today, 14 August1992
  8. ^ International debut for Israel's Newest Merkava Mk4], Defense Update, Oct 2010
  9. ^ Enter the Namer - An update on the Merkava based Infantry Fighting Vehicle, Defense Update, Oct 2010
  10. ^ Ashot Ashkelon: Defense industry success story The defense contractor's revenue has risen from NIS 17 million to NIS 230 million within seven years, Yuval Azulai, Globes 28/03/2013
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Ashot_Ashkelon&oldid=719721042"