Koor Industries Ltd. | Introduction
Introduction
14 Hamelacha Street
Park Afek
Rosh Ha'Ayin 48091
Israel
Telephone: 972 3 900 8333
Fax: 972 3 900 8334
Web site: http://www.koor.co.il
Public Company
Incorporated: 1944 as Koor Industries & Crafts Co., Ltd.
Employees: 6,328
Sales: ILS 7.69 billion ($1.76 billion) (2003)
Stock Exchanges: Tel Aviv New York
Ticker Symbol: KOR
NAIC: 325310 Fertilizer Manufacturing; 325311 Nitrogenous Fertilizer Manufacturing; 325312 Phosphatic Fertilizer Manufacturing; 325320 Pesticide and Other Agricultural Chemical Manufacturing; 334210 Telephone Apparatus Manufacturing; 334220 Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing; 334290 Other Communications Equipment Manufacturing
Koor Industries Ltd. is a leading industrial holding company in Israel. The company made ambitious investments in telecommunications start-ups and venture funds just before the tech bubble burst. Publicly traded, Koor's primary shareholder is The Claridge Group, the investment management company of Charles R. Bronfman (co-chairman of Seagram Company) and his family, which holds almost 29 percent of Koor stock.
Even after divesting certain noncore holdings in 1999, Koor's array of businesses is diverse. It has telecommunications and electronics operations, through ECI Telecom, Telrad Networks, and the Elisra Defense Group. It also owns a venerable agrochemicals business, Makhteshim-Agan Industries. An investment arm, Koor Corporate Venture Capital, finances hightech start-ups. Koor is also a partner in the Sheraton-Moriah hotel chain, Israel's largest.