Lesicoלסיכו

Head office: 152 Jerusalem Blvd., Holon. Tel: +972-3-5505453 www.lesico.com

Traded
Revenue
Headquarters
Settlements
Global Presence


Lesico is a publicly traded Israeli company specializing in complex infrastructure projects in fields such as energy, environment and railways.

Through its subsidiariy, Poldmir, the company is a certified contractor of the Israeli Ministry of Defense (IMOD). The company conducts construction, development and the supply of systems for a number of IMOD projects. In 2021, the company’s revenues from the IMOD amounted to NIS 73,445,000.

In 2021, the company’ subsidiary, Lesico Process Piping, was contracted by the Modi’in Ilit settlement municipality for the maintenance of a pumping station for sewage and a booster for water.

In 2021, Lesico Process Piping was contracted by the Israeli Prison Service (IPS) to operate and maintain the sewage treatment plant for the Nafha-Ramon prison where Palestinian political prisoners are incarcerated. Also in 2021, the company was contracted by the IPS in a contract worth NIS 115,888 to do works on water an sewage systems.

The company’s subsidiary, Tibho- Land Management Company, operates a plant in the settlement of Kdumim in the occupied West Bank.

The company was also involved in the laying of the upper railroad for the A1 train. The A1 train route crosses the Green Line into the occupied West Bank in two areas. For more on the train, read Who Profits flash report Crossing the Line: The Tel Aviv Jerusalem Fast Train (A1).

Lesico built sections of the border walls with Egypt and Jordan, the wall around the besieged Gaza and the separation wall in the occupied West Bank to the total value of over 100 million NIS.

In January 2018, Who Profits submitted a Freedom of Information request to the Israeli Ministry of Defense regarding service providers to the checkpoints. In a response received on 14 April 2018, the IMOD confirmed Lesico provides maintenance services for gas and fuel installations in the Kerem Shalom checkpoint.

The company was contracted by the French company Alstom to install all of the track of the Red Line of the Jerusalem light rail. The work included the installation of 33Km of ballast-less track including the city lines and the depot area. The Jerusalem light rail, operational since 2011, connects settlement neighborhoods in occupied East Jerusalem with the western part of the city and with one another.

Lesico Projects Management, a wholly owned subsidiary of Lesico, was contracted by CHEMONICS International for USAID in order to perform infrastructure works in five Israeli checkpoints: Karni, Kerem Shalom, Sha’ar Efrayim, Tarqumya and Jalameh. In each checkpoint, the company constructed and installed bulletproof gates, asphalt paving, concrete platforms, control rooms and fencing. Additionally, the company built the cargo scanning cabins and installed X-ray scanning equipment in all five sites.

Lesico also carried out infrastructure work in Israeli military bases funded and administered by USAID and the USACE (Army Corps of Engineers).

 



Ownership

Lesico is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol LSCO.

Major shareholders: Yehiel Lashman (22.95%), Yehuda Lashman (19.24%), Iyal Lashman (4.85%), Reuven Lashman (8.94%) and Eran sidi (5.82%).

Chairman- Yehuda Lashman

CEO- Iyal Lashman


Subsidiaries

Lesico Proccess Piping Ltd. (75%); Lesico Construction Ltd. (100%); Ormidan Ltd. (51%); Poldmir construction (1986) Ltd. (100%); Lesico Technologies Ltd. (51); Lesico (Ghana) Limited (100%); Lesico Infrastructures SRL (100%); Albar Engineering (70%); Lesico US Inc. (85%); Tibho- Land Management Company (51%); Lesico & PMEC JV (50%); Lesico- Zoko Joint Venture (50%); Lesico Bahnbau Solel Boneh (50%); L.M. The Railroad Services Company Ltd. (50%); E.L.O.- Environment Infrastructures Ltd. (50%); Gat HaPlastic 2020 Ltd. (75%); Solel Boneh- Poldmir Partnership for Projects (47%); Project Buildings and Industries (47%); Electra Poldmir Project (50%); Poldmir Afcon Partnership (50%). The companies A1 and TMI are majority-owned by Lesico through its subsidiary Lesico US Inc. Lesico owns 85% of Lesico US Inc, which in turn owns 75% of A1 and TMI.

All the information contained in this page is valid until Tue 05/04/2022


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