Ashtrom Group
Full Text
קבוצת אשטרום בע"מ
Head office: LYFE Towrs, Hayarkon St. 3, Bnei Brak, 5120124, Israel. Tel.: +972-72-2658667
A publicly traded Israeli company active in the fields of contracting, residential development, income-producing properties, rental housing, construction industries and renewable energy.
Through its subsidiaries, the company operates a quarry in the occupied West Bank and a cement plant in occupied East Jerusalem, and is involved in a renewable energy project in the occupied Syrian Golan.
Services to settlements
The company operates a cement factory in the Atarot Industrial Zone in the Occupied East Jerusalem.
In of 2023, Ashcrete Industrialized Construction Plants, a fully owned subsidiary of Ashtrom, operated a concrete factory in Pisgat Ze’ev settlement in occupied East Jerusalem.
Netivei Edomit Quarry
Ashtrom owns 50% in the Netivey Edomit Quarry, located in the occupied West Bank.
Netivey Edomit operates a quarry located near the settlement of Mishor Adumim Industrial Zone in the occupied West Bank. The quarry produces and supplies a variety of raw materials for the production of concrete mixes, quarry materials for infrastructure, aggregates, washed aggregates and includes an asphalt plant, which supplies approved mixes for road paving. An asphalt plant with a production capacity of over 500 tons per day operates in the quarry. Netivey Edomit is jointly owned by Ashtrom Group and Y.D. Barzani.
Netivey Edomit provided asphalt and construction materials for a 4 km section of Begin Road in Jerusalem, connecting Malha neighborhood to Beit Safafa in occupied East Jerusalem.
Renewable Energy in the occupied Syrian Golan
In 2023, the company entered a partnership and created Ashtrom-Refek-Mivtach Reneable Energy Ramat Hagolan. Ashtrom holds 33% of the shares of Ashtrom-Rapac-Mivtach Renewable Energy Ramat Hagolan L.P. The company was established for the purpose of establishing a photovoltaic project for electricity production in the occupied Syrian Golan. The company signed option agreements to lease land with several settlements in the area, with the option for the settlements to enter as partners in the project.
The Jerusalem Light Rail
Between 2011 and 2021, the company was part of the CityPass consortium for the construction and operation of the Jerusalem Light Rail, which included the construction of the JLR Red Line and a depot in the settlement neighborhoods of Pisgat Ze’ev and the French Hill in occupied East Jerusalem.
In February 2021, CityPass sold the operation of the JLR to the Israeli government for NIS 1.6 billion. By the end of 2021, the CityPass consortium had received NIS 1.45 billion, of which Ashtrom Group received NIS 500 million.
For more on the Jerusalem Light Rail read Who Profits latest publication Developments in the Expansion of the JLR Network: The Blue Line
Ashcrete Industrialized Construction Plants, a fully owned subsidiary of Ashtrom, provided a NIS 2 billion construction work for the “City of Training Bases”, an Israeli military training campus in the Naqab. In 2015, The campus opened and it spreads over 2,500 Dunam and includes 120 different buildings equipped with smart technology designed for classes and trainings of over 100,000 Israeli military soldiers and personnel.
Services to the Israeli Prison Service (IPS)
In 2023, The company provided concrete blocks for the IMOD and the Israeli Prison Service.
In 2021, Ashtrom Group, won a tender for the expansion of the Ofer Prison by adding prison cells for 480 prisoners. Ofer Prison is an Israeli military incarceration facility and military court located in the occupied West Bank where Palestinian prisoners and administrative detainees are incarcerated. The company has also carried out construction work in Ofer prison in 2009-2010.
Previous involvements
Previously, Ashtrom took part in the construction of settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. In 1994, Ashtrom took part in the establishment of the Beitar Illit settlement in the occupied West Bank. Between the years 1974-1980, the company was involved in settlement construction in the occupied Sinai Peninsula, including in the Israeli settlements Yamit and Ofira (both of which were evacuated in 1982 under the Egypt-Israel Peace Treaty).
since 1970, including the settlement neighborhoods of Gilo, Ramot, Ramat Eshkol and Nof Zion in East Jerusalem, and Beitar Illit, Oranit, Alfei Menashe, and Ma’ale Adumim in the West Bank.
A publicly traded Israeli company active in the fields of contracting, residential development, income-producing properties, rental housing, construction industries and renewable energy.
Through its subsidiaries, the company operates a quarry in the occupied West Bank and a cement plant in occupied East Jerusalem, and is involved in a renewable energy project in the occupied Syrian Golan.
Services to settlements
The company operates a cement factory in the Atarot Industrial Zone in the Occupied East Jerusalem.
In of 2023, Ashcrete Industrialized Construction Plants, a fully owned subsidiary of Ashtrom, operated a concrete factory in Pisgat Ze’ev settlement in occupied East Jerusalem.
Netivei Edomit Quarry
Ashtrom owns 50% in the Netivey Edomit Quarry, located in the occupied West Bank.
Netivey Edomit operates a quarry located near the settlement of Mishor Adumim Industrial Zone in the occupied West Bank. The quarry produces and supplies a variety of raw materials for the production of concrete mixes, quarry materials for infrastructure, aggregates, washed aggregates and includes an asphalt plant, which supplies approved mixes for road paving. An asphalt plant with a production capacity of over 500 tons per day operates in the quarry. Netivey Edomit is jointly owned by Ashtrom Group and Y.D. Barzani.
Netivey Edomit provided asphalt and construction materials for a 4 km section of Begin Road in Jerusalem, connecting Malha neighborhood to Beit Safafa in occupied East Jerusalem.
Renewable Energy in the occupied Syrian Golan
In 2023, the company entered a partnership and created Ashtrom-Refek-Mivtach Reneable Energy Ramat Hagolan. Ashtrom holds 33% of the shares of Ashtrom-Rapac-Mivtach Renewable Energy Ramat Hagolan L.P. The company was established for the purpose of establishing a photovoltaic project for electricity production in the occupied Syrian Golan. The company signed option agreements to lease land with several settlements in the area, with the option for the settlements to enter as partners in the project.
The Jerusalem Light Rail
Between 2011 and 2021, the company was part of the CityPass consortium for the construction and operation of the Jerusalem Light Rail, which included the construction of the JLR Red Line and a depot in the settlement neighborhoods of Pisgat Ze’ev and the French Hill in occupied East Jerusalem.
In February 2021, CityPass sold the operation of the JLR to the Israeli government for NIS 1.6 billion. By the end of 2021, the CityPass consortium had received NIS 1.45 billion, of which Ashtrom Group received NIS 500 million.
For more on the Jerusalem Light Rail read Who Profits latest publication Developments in the Expansion of the JLR Network: The Blue Line
Ashcrete Industrialized Construction Plants, a fully owned subsidiary of Ashtrom, provided a NIS 2 billion construction work for the “City of Training Bases”, an Israeli military training campus in the Naqab. In 2015, The campus opened and it spreads over 2,500 Dunam and includes 120 different buildings equipped with smart technology designed for classes and trainings of over 100,000 Israeli military soldiers and personnel.
Services to the Israeli Prison Service (IPS)
In 2023, The company provided concrete blocks for the IMOD and the Israeli Prison Service.
In 2021, Ashtrom Group, won a tender for the expansion of the Ofer Prison by adding prison cells for 480 prisoners. Ofer Prison is an Israeli military incarceration facility and military court located in the occupied West Bank where Palestinian prisoners and administrative detainees are incarcerated. The company has also carried out construction work in Ofer prison in 2009-2010.
Previous involvements
Previously, Ashtrom took part in the construction of settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. In 1994, Ashtrom took part in the establishment of the Beitar Illit settlement in the occupied West Bank. Between the years 1974-1980, the company was involved in settlement construction in the occupied Sinai Peninsula, including in the Israeli settlements Yamit and Ofira (both of which were evacuated in 1982 under the Egypt-Israel Peace Treaty).
since 1970, including the settlement neighborhoods of Gilo, Ramot, Ramat Eshkol and Nof Zion in East Jerusalem, and Beitar Illit, Oranit, Alfei Menashe, and Ma’ale Adumim in the West Bank.
Ashtrom Group
קבוצת אשטרום בע"מ
Head office: LYFE Towrs, Hayarkon St. 3, Bnei Brak, 5120124, Israel.
Tel.: +972-72-2658667
A publicly traded Israeli company active in the fields of contracting, residential development, income-producing properties, rental housing, construction industries and renewable energy.
Through its subsidiaries, the company operates a quarry in the occupied West Bank and a cement plant in occupied East Jerusalem, and is involved in a renewable energy project in the occupied Syrian Golan.
Services to settlements
The company operates a cement factory in the Atarot Industrial Zone in the Occupied East Jerusalem.
In of 2023, Ashcrete Industrialized Construction Plants, a fully owned subsidiary of Ashtrom, operated a concrete factory in Pisgat Ze’ev settlement in occupied East Jerusalem.
Netivei Edomit Quarry
Ashtrom owns 50% in the Netivey Edomit Quarry, located in the occupied West Bank.
Netivey Edomit operates a quarry located near the settlement of Mishor Adumim Industrial Zone in the occupied West Bank. The quarry produces and supplies a variety of raw materials for the production of concrete mixes, quarry materials for infrastructure, aggregates, washed aggregates and includes an asphalt plant, which supplies approved mixes for road paving. An asphalt plant with a production capacity of over 500 tons per day operates in the quarry. Netivey Edomit is jointly owned by Ashtrom Group and Y.D. Barzani.
Netivey Edomit provided asphalt and construction materials for a 4 km section of Begin Road in Jerusalem, connecting Malha neighborhood to Beit Safafa in occupied East Jerusalem.
Renewable Energy in the occupied Syrian Golan
In 2023, the company entered a partnership and created Ashtrom-Refek-Mivtach Reneable Energy Ramat Hagolan. Ashtrom holds 33% of the shares of Ashtrom-Rapac-Mivtach Renewable Energy Ramat Hagolan L.P. The company was established for the purpose of establishing a photovoltaic project for electricity production in the occupied Syrian Golan. The company signed option agreements to lease land with several settlements in the area, with the option for the settlements to enter as partners in the project.
The Jerusalem Light Rail
Between 2011 and 2021, the company was part of the CityPass consortium for the construction and operation of the Jerusalem Light Rail, which included the construction of the JLR Red Line and a depot in the settlement neighborhoods of Pisgat Ze’ev and the French Hill in occupied East Jerusalem.
In February 2021, CityPass sold the operation of the JLR to the Israeli government for NIS 1.6 billion. By the end of 2021, the CityPass consortium had received NIS 1.45 billion, of which Ashtrom Group received NIS 500 million.
For more on the Jerusalem Light Rail read Who Profits latest publication Developments in the Expansion of the JLR Network: The Blue Line
Ashcrete Industrialized Construction Plants, a fully owned subsidiary of Ashtrom, provided a NIS 2 billion construction work for the “City of Training Bases”, an Israeli military training campus in the Naqab. In 2015, The campus opened and it spreads over 2,500 Dunam and includes 120 different buildings equipped with smart technology designed for classes and trainings of over 100,000 Israeli military soldiers and personnel.
Services to the Israeli Prison Service (IPS)
In 2023, The company provided concrete blocks for the IMOD and the Israeli Prison Service.
In 2021, Ashtrom Group, won a tender for the expansion of the Ofer Prison by adding prison cells for 480 prisoners. Ofer Prison is an Israeli military incarceration facility and military court located in the occupied West Bank where Palestinian prisoners and administrative detainees are incarcerated. The company has also carried out construction work in Ofer prison in 2009-2010.
Previous involvements
Previously, Ashtrom took part in the construction of settlements in the occupied West Bank, East Jerusalem and the Syrian Golan. In 1994, Ashtrom took part in the establishment of the Beitar Illit settlement in the occupied West Bank. Between the years 1974-1980, the company was involved in settlement construction in the occupied Sinai Peninsula, including in the Israeli settlements Yamit and Ofira (both of which were evacuated in 1982 under the Egypt-Israel Peace Treaty).
since 1970, including the settlement neighborhoods of Gilo, Ramot, Ramat Eshkol and Nof Zion in East Jerusalem, and Beitar Illit, Oranit, Alfei Menashe, and Ma’ale Adumim in the West Bank.
Ownership
The company is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol ASHG.
Major shareholders include UNEDCO United Engineering and Development Company Ltd (53.68%), Phoenix Financial (9.28%), Menora Mivtachim Holdings (6.57%), Clal Insurance Enterprises Holdings (5.53%).
Chairman of the Board: Avraham Nussbaum.
CEO: Gil Gueron.
Subsidiaries
Ashtrom Construction Ltd. (100%), Ashtrom Engineering and Construction Ltd. (100%), Ashtrom Jerusalem (100%), Ashcrete Industrialized Constrcution Plants Ltd. (100%), M.L.T Buildings Ltd. (100%), Drachim (A.C) Construction And Infrastructure Ltd. (100%), Ashtrom Industries (100%), Y. Zahavi Flooring Industry Ltd.(100%), Ashtrom Residences for Rent Ltd. (100%), Ashtrom for Development and Investment Ltd.(100%), Ashtrom Hagadnaa L.P. (100%), Ashtrom Kiryat Hayuval L.P. (100%), Ashtrom Hamishtala L.P. (100%), Ashtrom Bnei Brak North L.P. (100%), Ashtrom Beit Kaser L.P. (100%), Ashtrom Be’ev Ya’akov L.P. (100%), Ashtrom Ben Gurion Dorms L.P. (100%), Ashtrom Courthouse Beit Shemesh L.P. (100%), Ashtrom Trade Centers and Hotels Ltd.(100%), Ashtrom Technologies Ltd. (100%), Acro Ashdar Yaffa L.P. (100%), Ashdar Construction Ltd (1997) (100%), Ashtrom Residential Development Ltd. (100%), Ashdar Tama 38 Ltd. (100%), Ashtrom Properties Ltd. (100%), Ashkafer Engineering Ltd. (100%), Ashlir Ltd. (100%), Ashtrom Port Ltd. (100%), Ashlat Ltd. (100%), A.P.A.T Construction of Industrial Zones in Eilat Ltd. (100%), Alder Properties Ltd. (100%), Shorek Quarrying Ltd.(75%), Ashtrom Properties Renewable Solar Energy Ltd. (75%), Emtal (Eilat Industrial Buildings for Rental) Ltd. (74%), Studs P.O.W.E.R Ltd. (60%), B.G (ISRAEL) Technologies Ltd. (55%), Netivey Edomit (2011) Ltd (50%), A.A. Construction Talpiot Ltd. (50%), Ashbond Ltd (50%), Kiryat Hamimshala Mall in Be’er Sheva Partnership (50%), A.M. Hi-tech Negev Ltd. (50%), Malls in Israel Ltd. (50%), Hutzot Hamifrats Haifa Ltd. (50%), Ashtrom-Rapac-Mivtach Renewable Energy, Ramat Hagolan L.P. (33%), Blue City Ltd. (37.5%), Hod Hasharon Towers Ltd. (42.3%), Blue City Ltd. (37.5).
International subsidiaries:
Ashtrom International Ltd. (100%), A.B.S Development Corporation (100%), Ashtrom BV. (100%), Ashtrom Serbia Holding CV (100%), ABD DOO (100%), Ashtrom Properties Europe B.V. (100%), Ashtrom Properties U.K. Ltd (100%), Duoro Habitat (100%), JDP Construction Nigeria Ltd. (100%), Ashtrom Swiss Sarl (100%), Ashtrom Renewable Energy (100%), Ashtrom RE INC (100%), Ashtrom Renewable Energy LLC (100%), Ashtrom Reneable Single Member S.A. (100%), Ashtrom Zambia Construction Ltd. (100%), Properties Global Investments (100%), Ashtrom Jamaica Ltd. (95%), A.B. Investii Sl Constructii SRL (80%), Zephyrus Wing Energies Ltd. (10.8%).
Partners
Company Response
Settlements
Global Presence
Global Presence
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