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The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

迦南食品(Strauss Group)

10. Canaan Foods (Strauss Group) - Food and beverage producer with a market capitalization of approximately $1.5 billion

The Canaan Food Group (Strauss Group) is a well-known Israeli food and beverage producer, headquartered in Tel Aviv. The company was founded in 1939 as a small dairy factory. For more than 80 years, Canaan Foods has grown into a multi-category food group with operations in more than 25 countries and more than 16,000 employees.

Today, Canaan Foods has 4 business segments: Fresh Dairy, Water & Juice Drinks, Fine Foods and Coffee. Dairy products remain the company's main business, with a number of world-renowned dairy brands such as Sabra and Gufild, including yogurt, cheese and butter. The water and juice beverage business is represented by Evian mineral water, which has the largest market share.

In fiscal 2022, Canaan Food Group's total revenue was approximately $5.6 billion, with more than one-third of that coming from North America. With years of insight into the global food industry, Canaan Foods is also actively seeking acquisition and strategic investment opportunities to further expand and strengthen its business territory. For example, in 2021, the group spent US$470 million to acquire Três Corações, a Brazilian coffee company, to significantly expand its coffee business.

As Israel's 10th largest publicly traded company by market capitalization, Canaan Foods Group has a market capitalization of about $1.5 billion. Not only does it have an important presence in Israel itself, but it is also the quintessential representative of the country's global business. Over the years, Canaan Foods has been committed to food innovation and quality improvement, and its products are loved by consumers around the world.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

仪器集团(Ormat Technologies)

9. Ormat Technologies - Renewable energy equipment supplier with a market capitalization of approximately $1.8 billion

Founded in 1965 and headquartered in Israel, Ormat Technologies is a global company focused on renewable energy and electricity production. Its principal business is the design, development, construction and operation of geothermal power plants, solar photovoltaic power generation projects and other renewable energy and restoration energy facilities.

The Instrument Group is recognized as one of the global leaders in the field of renewable energy equipment suppliers. Its self-developed geothermal and energy recovery technologies are widely used in renewable energy power generation projects around the world, and it is a major equipment and overall solution provider in this field. Currently, the Instruments Group has approximately 140 renewable energy projects worldwide, with an installed power generation capacity of more than 1,850 MW.

As a public company, Instrument Group is listed on both the New York Stock Exchange and the Tel Aviv Stock Exchange (ORA). In 2022, its market capitalization has reached about $1.8 billion, making it one of the ninth largest publicly traded companies in Israel by market capitalization. In recent years, in the context of the global response to climate change, the instrument group has continued to grow its business scale and profit level by virtue of its technological advantages and rich project operation experience.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

以色列公司(Israel Corporation)

8. Israel Corporation - Energy and chemical group with a market capitalization of about $2 billion

Founded in 1968, Israel Corporation is a well-known global multinational conglomerate in Israel, with major business areas including energy, transportation and chemicals. Its subsidiaries operate in several countries around the world, and its main brands and assets include the Bazan Group, Israel's largest oil refinery.

In the global energy and chemical sector, the Israeli company is an influential multinational conglomerate. Its Batan Refinery has a series of large-scale refining, petrochemical and aggregation facilities with an annual processing capacity of 9.5 million tons of crude oil, and its products are exported to more than 50 countries around the world. This makes Israeli companies one of the important forces driving Israel's economy.

In 2022, the Israeli company reached an operating income of about $9 billion, total assets of up to $8 billion, and a market capitalization of about $2 billion, making it one of the constituent stocks of the Tel Aviv Stock Exchange. Over the years, the Israeli company has been committed to technological innovation and operational efficiency, and the profitability of its assets is among the best in the industry.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

Rare Earth

7. Rare Earth - An insurance company with a market capitalization of about $2.5 billion

Rare Earth is one of Israel's largest and oldest insurance and financial groups. Founded in 1935 and headquartered in Tel Aviv, it is dual-listed on the Israel Stock Exchange and the New York Stock Exchange (PXIH). Over the past 80 years, Verion Insurance has developed into a large-scale international insurance conglomerate with excellent market development and risk management capabilities.

Today, Verion Insurance has a leading market position in life insurance, health insurance, product liability insurance and other insurance lines. It provides professional risk management solutions to millions of customers around the world, covering more than 30 countries in Israel, Europe and the United States. In fiscal 2022, Verion Insurance Group had premium income of $4.3 billion, total assets of $68 billion, a market capitalization of approximately $2.5 billion and more than 2,400 employees.

Over the years, Verion Insurance has continuously strengthened its digital transformation, using big data and artificial intelligence to improve product design and customer service quality, and is a leader in technological innovation in the insurance industry.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

Iscar

6. Iscar - manufacturer of machine tool tools with a market capitalization of about $3 billion

Headquartered in Israel, Iscar is a leading global provider of metal cutting tools and tooling systems, founded in 1952 by Stef Wertheimer. After 70 years of development, ISCAR has become a leading company in the global machine tool industry, with a global reputation for advanced manufacturing technology and high-performance products.

Today, ISCAR employs more than 9,000 people worldwide and has 17 production sites in key markets such as Israel, the United States, South Korea, China, and India, with an annual output of more than 500,000 tools and tooling systems for a wide range of manufacturing applications, including automotive, aerospace, and machining, to meet the needs of individual metal cutting needs. It provides tooling solutions that can improve machining efficiency by more than 30% and significantly reduce manufacturers' production costs.

In 2006, Iscar was acquired by Berkshire Hathaway, led by Warren Buffett, a Fortune 500 company, for $4 billion. Today, ISCAR still operates an independent brand with a market capitalization of about $3 billion. Berkshire's support has enabled ISCAR to continue its leadership in the global machine tool industry through product and technological innovation.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

Nokia Israel (Frubi7)

5. Nokia Israel (Frubi7) - Manufacturer of semiconductors and networking equipment with a market capitalization of about $3.5 billion

Nokia Israel (Frubi7), formerly known as Israeli semiconductor company Frubi7, was acquired by Finnish communications equipment giant Nokia for $2.7 billion, and has now become a wholly owned subsidiary of Nokia. Founded in 1999 and headquartered in Tel Aviv, Israel, Frubi7 is a leading global provider of mobile broadband infrastructure.

The Frubi7 is best known for its in-house developed leading chip technology. Its full range of Nova processors are widely used in major smartphones and 5G network equipment, and are known as the "mobile phone brain", and its performance and energy efficiency are among the top in its class. In addition, Frubi7 provides a wide range of key equipment and solutions for the core and access networks of communication operators, covering more than 100 countries and regions around the world.

In 2022, in the context of the global chip shortage, Nokia's acquisition of Frubi7 at a high price also fully illustrates its strong technical strength and huge development potential. Today, Nokia Israel has a market value of about $3.5 billion and employs more than 2,000 people, providing key infrastructure components for global smart terminals and communication networks, and is an important force driving the rapid growth of Israel's high-tech industry.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

迈络思科技(Mellanox Technologies)

4. Mellanox Technologies - Manufacturer of semiconductors and networking products with a market capitalization of approximately $4 billion

Mellanox Technologies is an Israel-based provider of high-performance computing and storage interconnection solutions, founded in 1999 by Eyal Waldman and others. After more than 20 years of development, Mindray has become a global leader in the field of high-speed networking, and its products are widely used in cloud computing, artificial intelligence, databases, financial transactions and other fields that require large-scale data processing and storage.

Mindray's core technological advantage lies in its self-developed and produced InfiniBand high-speed interconnect chips, switches, and network cards, which can achieve huge data transmission capacity and extremely low latency, greatly improving the performance of data centers and supercomputers. With these unique advantages, Mindray has become an important player in the field of data center interconnection.

In 2020, Mylos Technology was wholly acquired by Intel, a giant in the US semiconductor industry, for about $7 billion. This sky-high acquisition also proves Mindray's strong technical strength and influence in its professional field. Today, Intel Israel has a market capitalization of approximately $4 billion and employs more than 1,400 people, making an important contribution to the development of Israel's high-tech industry.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

以色列化工(Israel Chemicals)

3. Israel Chemicals - Chemicals and fertilizer producer with a market capitalization of about $5 billion

Israel Chemicals is Israel's largest chemical and fertilizer manufacturer, founded in 1968 and headquartered in Tel Aviv. Its main business includes mining, phosphate, potash and other agrochemicals, advanced materials and other fields, products are exported to more than 100 countries around the world, and it is an important manufacturer and supplier of chemical and specialty chemicals industry in the world.

In the field of agrochemicals and fertilizers, Israel Chemical has a strong industrial base and strong global competitiveness. Located in Israel's Dead Sea region, it is a world-class development and refining base for high-quality potash minerals, producing high-quality potash products that are trusted by agricultural producers around the world. This has resulted in stable cash flow and considerable profitability for CIC.

In 2022, Israel Chemical achieved an operating income of about $5.5 billion, a profit of nearly $1 billion, and more than 3,000 employees. Its market capitalization is about $5 billion, and it has been among the top 10 listed companies in Israel for many years.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

Elbit Systems

2. Elbit Systems - A supplier of defense electronic equipment with a market capitalization of about $8 billion

Elbit Systems is Israel's largest supplier of defense electronics, founded in 1966. Its main products include electronic systems for military aircraft and helicopters, avionics warfare equipment, surveillance and reconnaissance systems, long-range weapon stations, etc., which are widely used in the military field. After more than 50 years of development, Elbit Systems has grown into one of the world's leading companies in the defense industry.

In the field of defense equipment, Elbit Systems has dozens of independent core technologies, and its product performance and reliability are well-known to customers around the world. In recent years, with the increase of global military spending, Elbit Systems has continued to grow rapidly with its strong technical strength. In 2022, it achieved an operating income of about $5.4 billion, a profit of $800 million, and more than 18,000 employees, making an important contribution to employment in Israel.

Today, Elbit Systems is dual-listed on the Tel Aviv Stock Exchange and the NASDAQ Stock Exchange, with a market capitalization of about $8 billion, making it Israel's largest publicly traded defense company for many years.

The ranking of the top 10 richest companies in Israel, the $5 billion chemical group, can only rank third

梯瓦制药公司(Teva Pharmaceutical Industries)

1. Teva Pharmaceutical Industries - Pharmaceutical company with a market capitalization of about $15 billion

Teva Pharmaceutical Industries, the world's largest producer of generic drugs, is headquartered in Tel Aviv, Israel. The company was founded in 1901 and has a history of more than 100 years. Today, Philips Israel has grown into a global leader in the pharmaceutical industry, with a product portfolio that includes generic and innovative drugs that are sold in more than 60 countries around the world.

In the field of generic drugs, Philips Israel has ranked first in the world market share for many years by virtue of its huge production capacity. It has strong technical strength and a complete global supply chain, which can quickly produce the world's major patented drugs. Philips Israel owns well-known brands such as Teva and Sicor, and its product range covers many popular therapeutic areas such as cardiovascular and central nervous system.

In 2022, Philips Israel had an operating income of about $15 billion, a profit of about $2 billion, and more than 30,000 employees. As Israel's largest publicly traded pharmaceutical company, it has a market capitalization of about $15 billion.

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