IDE Technologies

IDE Technologies
Industry water desalination
Founded 1965 (1965)
Headquarters Hamatechet Street, Hasharon Industrial Park, Kadima, Israel
Key people
 Asaf Bartfeld (Chairman)
Avshalom Felber (CEO & President)
Owner Alpha Partners, Delek
Website ide-tech.com
IDE Hadera Desalination Plant

IDE Technologies is an Israeli water desalination company.[1]

History

The company was founded in 1965.[2] It is headquartered in the Hasharon Industrial Park in Kadima, Israel.[1] Its Chairman is Asaf Bartfeld,[2] while its Chief Executive Officer and President is Avshalom Felber.[1]

In Israel, it has built desalination plants in Hadera, Ashkelon and Soreq.[3][4]

In 2013, it agreed to design the Carlsbad desalination plant in Carlsbad, California.[5] It was expected to be completed by 2016,[6] however, due to the continuing drought in California, plant completion was advanced to late 2015, and was eventually finished in December, 2015.[7] Other projects under construction include plants in India,[8] Chile, Venezuela and Mexico.[9]

Ownership

It is co-owned by Alfa Partners and Delek,[10] as Delek acquired 50% of the company in 2002.[9] By 2014, both entities agreed to sell IDE Technologies to a foreign investor to obviate the Arab League boycott of Israel.[9]

References

  1. 1 2 3 Company Overview of IDE Technologies Ltd., Bloomberg Business
  2. 1 2 Delek Group: IDE Technologies
  3. ↑ Vita Bekker, Israelis soak up high cost of desalination, Financial Times, November 28, 2011
  4. ↑ The Associated Press, Israel Solves Water Woes With Desalination, The New York Times, May 30, 2014
  5. ↑ IDE Technologies to help build largest U.S. desalination plant, Reuters, January 3, 2013
  6. ↑ Reuters, Israel's IDE Technologies to help build largest U.S. desalination plant, Haaretz, January 7, 2013
  7. ↑ Carlsbad desalination plant
  8. ↑ Amy Kazmin, Chennai finds solution to water shortages, Financial Times, September 6, 2010
  9. 1 2 3 Yoram Gabison, Israel Chemicals puts desalination unit up for sale: IDE Technologies could fetch up to $1 billion as well as give the company access to Arab markets., Haaretz, November 12, 2014
  10. ↑ IDE Technologies: About Us


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