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{{Infobox company | |||
{{Infobox_Company | |||
|name = Agrexco Agricultural Export Company Ltd. | |||
|company_name = Carmel Agrexco | |||
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|logo = <!-- Deleted image removed: ] --> | ||
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|type = Partnership: ] (50%), the Production and Marketing Boards (25%) and the ] (25%) | ||
|foundation=1956 | |foundation=1956 | ||
|location = ], ] | |location = ], ] | ||
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| homepage = | | homepage = | ||
}} | }} | ||
''' |
'''Agrexco Agricultural Export Company Ltd.''' (trading as '''Carmel Agrexco''') was ]’s largest exporter of agricultural produce, with the ] one of its major markets. Agrexco went into liquidation in August 2011, with debts of €175 million ($217 million), mainly owed to its bondholders that were mostly Israeli ]s.<ref>{{cite news|last=Cohen|first=Amiram|title=Court expected to rule in favor of Agrexco's liquidation today|url=http://www.haaretz.com/business/court-expected-to-rule-in-favor-of-agrexco-s-liquidation-today-1.381490|newspaper=Haaretz|date=30 August 2011}}</ref> | ||
In 2011, the Israeli court approved the offer of ] and Chen Lamdan to purchase the Company for 17.6 million ILS in cash and 24.4 million ILS contingent on future performance of the Company. | |||
==Etymology== | |||
Agrexco is a state-owned company, with 50% of its stock held by the State of Israel, 25% by the Israeli ], and 25% by ].<ref name='dundb'/> In August 2008, the Israeli government approved a privatization program for Agrexco, stipulating that at least 51% of Agrexco's stock should be tendered to private investors.<ref> {{he icon}}</ref> This decision follows in the wake of the recently completed transformation of ] from a cooperative owned by Israeli farmers (] and ]) to a private company owned by ]. | |||
The name "Agrexco" comes from the English words "'''Agr'''iculture '''Ex'''port '''Co'''mpany". | |||
"Carmel" is the internationally recognized brand name used by Agrexco for fresh produce exports from Israel.<ref>. Retrieved on 24 June 2009</ref> | |||
==History== | |||
⚫ | In 2007, Agrexco marketed 435,000 tons of fresh agricultural produce with a turnover of €653 million. This consisted mainly of ] (47%), ] (19%), and ]s (14%).<ref name='dundb'>{{cite news |
||
Agrexco was established in 1956.<ref>{{Cite web |title=Carmel Agrexco, Israel - Tridge |url=https://www.tridge.com/sellers/carmel-agrexco}}</ref> | |||
==Company description== | |||
⚫ | Agrexco has a global network of marketing branches operating in London, Frankfurt, Paris, Rotterdam, New York, Zurich, Vienna, Madrid, and Milan.<ref>. Retrieved on 2008-09-24.</ref> Special sales offices in Israel deal with countries where Agrexco does not have representative offices, such as Eastern Europe, the Far and Near East. Carmel Agrexco's main UK depot is in Swallowfield Way, ], ]. | ||
⚫ | Agrexco was formerly a state-owned company, with 50% of its stock held by the ], 25% by the Israeli ], and 25% by ].<ref name='dundb'/> In August 2008, the Israeli government approved a privatization program for Agrexco, stipulating that at least 51% of Agrexco's stock should be tendered to private investors.<ref>{{Dead link|date=April 2019 |bot=InternetArchiveBot |fix-attempted=yes }} {{in lang|he}}</ref> This decision follows in the wake of the recently completed transformation of ] from a cooperative owned by Israeli farmers (] and ]) to a private company owned by ]. In 2007, Agrexco marketed 435,000 tons of fresh agricultural produce with a turnover of €653 million. This consisted mainly of ] (47%), ] (19%), and ]s (14%).<ref name='dundb'>{{cite news| title=Agrexco| publisher=Dun & Bradstreet| url=http://duns100.dundb.co.il/2008/600000764/index.asp| work=Dun's 100| access-date=2008-09-25| archive-url=https://web.archive.org/web/20090528095831/http://duns100.dundb.co.il/2008/600000764/index.asp| archive-date=2009-05-28| url-status=dead}}</ref> In addition to exporting the produce of Israeli farmers inside the ] and in ] settlements, Agrexco is the main export channel to ] for ] fresh produce from ] (], ], ]es, ]),<ref> {{webarchive|url=https://web.archive.org/web/20090122033858/http://www.globalfoodchainpartnerships.org/cairo/papers/AdnanYounisGaza.pdf |date=2009-01-22 }}. Retrieved on 2008-09-24.</ref> which is marketed under the ''Coral'' brand name.<ref>. Retrieved on 24 June 2009</ref> | ||
== |
==Global market== | ||
⚫ | Agrexco has a global network of marketing branches operating in ], ], ], ], ], ], ], ], and ].<ref>. Retrieved on 2008-09-24.</ref> Special sales offices in Israel deal with countries where Agrexco does not have representative offices, such as ], the ] and ]. Carmel Agrexco's main ] depot is in Swallowfield Way, ], ]. | ||
{{cleanup-section|date=September 2008}} | |||
==Organic produce== | |||
In 2006 the British anti-poverty charity ] reported that in addition to being the largest exporter of Israeli produce, Agrexco is also the leading exporter of produce from Israeli settlements in the Palestinian Territories.<ref>, War on Want</ref> | |||
In 2009, Agrexco reported a sharp increase in the export of organic fruit and vegetables to Europe. Sales amounted to some €550 million. Agrexco also markets organic fruit and vegetables not sold in Israel, such as acorn squash, persimmons, Peruvian apple cactus, hot organic chili and mini palm tomatoes. ] has shown the highest growth in demand for organic produce from Israel, followed by UK, ], ] and ]. | |||
==Protests in the UK== | |||
There have been various protests at Carmel Agrexco’s depot in ]. On 5 July 2007, ten activists entered Carmel Agrexco depot in Hayes Middlesex. The Israeli flag that usually flies was replaced with a Palestinian flag and the black-and-red flag of anarcho-syndicalism took the place of the Union Flag.<ref>{{cite news | first= | last= | coauthors= | title=Fortress Carmel Agrexco breached by Peace Activists | date= | publisher=] | url =http://www.indymedia.org.uk/en/2007/07/376036.html | work = | pages = | accessdate = 2007-07-26 | language = }}</ref> The activists handed leaflets to the workers to explain the reasons for their actions. Two locked themselves to equipment with D locks. They asked to speak to workers about Carmel Agrexco’s support for ] and ] in ], but were opposed.<ref name='tehran'>{{cite news | first= | last= | coauthors= | title=Protesters occupy UK warehouse of Israeli exporter | date= | publisher= | url =http://www.tehrantimes.com/Description.asp?Da=7/17/2007&Cat=2&Num=005 | work =tehran times | pages = | language = }}</ref> | |||
In 2006, the British anti-poverty charity ] reported that in addition to being the largest exporter of Israeli produce, Agrexco was the leading exporter of produce from Israeli settlements.<ref> {{webarchive |url=https://web.archive.org/web/20090403061131/http://www.waronwant.org/campaigns/fighting-occupation/palestine/inform/12573-profiting-from-the-occupation |date=April 3, 2009 }}, War on Want</ref> On 5 July 2007, ten activists entered Carmel Agrexco depot in Hayes, Middlesex. The Israeli flag was replaced with a Palestinian flag, and the black-and-red flag of anarcho-syndicalism took the place of the Union Flag.<ref>{{cite news | title=Fortress Carmel Agrexco breached by Peace Activists | publisher=] | url =http://www.indymedia.org.uk/en/2007/07/376036.html | access-date = 2007-07-26 }}</ref> The activists handed leaflets to the workers, and two locked themselves to equipment with D locks.<ref name='tehran'>{{cite news|title=Protesters occupy UK warehouse of Israeli exporter |url=http://www.tehrantimes.com/Description.asp?Da=7/17/2007&Cat=2&Num=005 |work=tehran times }}{{dead link|date=November 2016 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> On 18 August 2007, activists from the ] entered Carmel Agrexco's UK warehouse, tore down the Israeli flag and locked themselves to gates.<ref>{{Cite web | title = UK Indymedia - 40 Climate camp Activists occupy Carmel Agrexco | access-date = 2007-08-20 | url = http://www.indymedia.org.uk/en/2007/08/378739.html}}</ref> The ] quoted Amos Orr, the general manager: “A lot of them were drunk. They broke doors, spread papers everywhere and they were very aggressive. They were singing about ].” These allegations have not been verified.<ref name='times'>{{cite news| title = Heathrow protest plan to block runway - Times Online| access-date = 2007-08-20| url = http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article2284309.ece | archive-url = https://web.archive.org/web/20110612023607/http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article2284309.ece | url-status = dead | archive-date = June 12, 2011 | location=London | work=The Times | first1=Claire | last1=Newell | first2=Sophie | last2=Cole | date=2007-08-19}}</ref> On 21 June 2008, activists occupied and shut down Carmel Agrexco's HQ and UK freight warehouse for over six hours.<ref name='ind'>{{cite news | title=Activists Deny Smear by General Manager of Carmel Agrexco | url =http://www.indymedia.org.uk/en/2007/08/379037.html?c=on#comments | work =] | access-date = 2007-08-21 }}</ref> | |||
Generally no arrests are made and even when they are no charges are brought. However the protesters suggest that Carmel Agrexco asked the police not to arrest or prosecute, because the protesters have declared that they will seek to present a defence that they are justified in using these types of tactics against Carmel Agrexco, which they claim violates international law by supporting settlements and engaging in persecution of Palestinian workers.<ref name="indymedia.org.uk"></ref> | |||
On 18 August 2007 activists from the ] entered Carmel Agrexco's UK warehouse. The Israeli flag was taken down and protesters locked themselves to gates.<ref>{{Cite web | title = UK Indymedia - 40 Climate camp Activists occupy Carmel Agrexco | accessdate = 2007-08-20 | url = http://www.indymedia.org.uk/en/2007/08/378739.html}}</ref> The ] quoted Amos Orr, the general manager: “A lot of them were drunk. They broke doors, spread papers everywhere and they were very aggressive. They were singing about ].”<ref name='times'>{{Cite web| title = Heathrow protest plan to block runway - Times Online| accessdate = 2007-08-20| url = http://business.timesonline.co.uk/tol/business/industry_sectors/transport/article2284309.ece | location=London}}</ref> The activists however denied being drunk and strenuously denied "singing about Hamas", which they claimed were an attempt to smear campaigners. The activists claimed their motives were to highlight the damaging effects of ] of food and to show support for Palestinians who suffer under ], and against the importation of produce from settlements in the occupied ].<ref name='ind'>{{cite news | first= | last= | coauthors= | title=Activists Deny Smear by General Manager of Carmel Agrexco | date= | publisher= | url =http://www.indymedia.org.uk/en/2007/08/379037.html?c=on#comments | work =] | pages = | accessdate = 2007-08-21 | language = }}</ref> | |||
On 21 June 2008 activists occupied and shut down Carmel Agrexco's HQ and UK freight warehouse for over six hours, in protest of Carmel Agrexco being Israel's largest agricultural exporter from the ].<ref name="indymedia.org.uk"/> | |||
==See also== | ==See also== | ||
* | |||
*] | |||
*] | |||
*] | |||
* ], a 2006 ]i documentary film | * ], a 2006 ]i documentary film | ||
==References== | ==References== | ||
{{reflist}} | {{reflist}} | ||
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Latest revision as of 12:06, 1 October 2024
Company type | Partnership: Israeli government (50%), the Production and Marketing Boards (25%) and the Tnuva cooperative (25%) |
---|---|
Industry | Exporters of agricultural produce |
Founded | 1956 |
Headquarters | Tel Aviv, Israel |
Key people | Yaacov Tsur, Chairman of the Board Shlomo Tirosh, Managing Director |
Products | Vegetables, Flowers, Fruits, Plants |
Revenue | €560 million (2006) |
Number of employees | 500 employees in Israel and overseas (2006) |
Website | www.agrexco.co.il |
Agrexco Agricultural Export Company Ltd. (trading as Carmel Agrexco) was Israel’s largest exporter of agricultural produce, with the European Union one of its major markets. Agrexco went into liquidation in August 2011, with debts of €175 million ($217 million), mainly owed to its bondholders that were mostly Israeli Institutional investors. In 2011, the Israeli court approved the offer of Gideon Bickel and Chen Lamdan to purchase the Company for 17.6 million ILS in cash and 24.4 million ILS contingent on future performance of the Company.
Etymology
The name "Agrexco" comes from the English words "Agriculture Export Company". "Carmel" is the internationally recognized brand name used by Agrexco for fresh produce exports from Israel.
History
Agrexco was established in 1956.
Company description
Agrexco was formerly a state-owned company, with 50% of its stock held by the State of Israel, 25% by the Israeli Production and Marketing Boards, and 25% by Tnuva. In August 2008, the Israeli government approved a privatization program for Agrexco, stipulating that at least 51% of Agrexco's stock should be tendered to private investors. This decision follows in the wake of the recently completed transformation of Tnuva from a cooperative owned by Israeli farmers (kibbutzim and moshavim) to a private company owned by Apax Partners. In 2007, Agrexco marketed 435,000 tons of fresh agricultural produce with a turnover of €653 million. This consisted mainly of vegetables (47%), cut flowers (19%), and fruits (14%). In addition to exporting the produce of Israeli farmers inside the Green Line and in West Bank settlements, Agrexco is the main export channel to Europe for Palestinian fresh produce from Gaza (carnations, strawberries, cherry tomatoes, vine tomatoes), which is marketed under the Coral brand name.
Global market
Agrexco has a global network of marketing branches operating in London, Frankfurt, Paris, Rotterdam, New York, Zurich, Vienna, Madrid, and Milan. Special sales offices in Israel deal with countries where Agrexco does not have representative offices, such as Eastern Europe, the Far and Near East. Carmel Agrexco's main UK depot is in Swallowfield Way, Hayes, Middlesex.
Organic produce
In 2009, Agrexco reported a sharp increase in the export of organic fruit and vegetables to Europe. Sales amounted to some €550 million. Agrexco also markets organic fruit and vegetables not sold in Israel, such as acorn squash, persimmons, Peruvian apple cactus, hot organic chili and mini palm tomatoes. Germany has shown the highest growth in demand for organic produce from Israel, followed by UK, France, Italy and Switzerland.
Protests in the UK
In 2006, the British anti-poverty charity War on Want reported that in addition to being the largest exporter of Israeli produce, Agrexco was the leading exporter of produce from Israeli settlements. On 5 July 2007, ten activists entered Carmel Agrexco depot in Hayes, Middlesex. The Israeli flag was replaced with a Palestinian flag, and the black-and-red flag of anarcho-syndicalism took the place of the Union Flag. The activists handed leaflets to the workers, and two locked themselves to equipment with D locks. On 18 August 2007, activists from the Camp for Climate Action entered Carmel Agrexco's UK warehouse, tore down the Israeli flag and locked themselves to gates. The UK Press Association quoted Amos Orr, the general manager: “A lot of them were drunk. They broke doors, spread papers everywhere and they were very aggressive. They were singing about Hamas.” These allegations have not been verified. On 21 June 2008, activists occupied and shut down Carmel Agrexco's HQ and UK freight warehouse for over six hours.
See also
- Agrexco faces liquidation after BDS boycott campaign
- Agriculture in Israel
- Economy of Palestine
- Economy of Israel
- Strawberry Fields, a 2006 Israeli documentary film
References
- Cohen, Amiram (30 August 2011). "Court expected to rule in favor of Agrexco's liquidation today". Haaretz.
- Carmel: Agrexco's brand name. Retrieved on 24 June 2009
- "Carmel Agrexco, Israel - Tridge".
- ^ "Agrexco". Dun's 100. Dun & Bradstreet. Archived from the original on 2009-05-28. Retrieved 2008-09-25.
- Israel Export Institute, press release on privatization of Agrexco, 1 September 2008 (in Hebrew)
- Fresh produce exports from Gaza to EU Archived 2009-01-22 at the Wayback Machine. Retrieved on 2008-09-24.
- Coral brand name for Palestinian produce exports. Retrieved on 24 June 2009
- Agrexco's global marketing. Retrieved on 2008-09-24.
- Profiting from the Occupation Archived April 3, 2009, at the Wayback Machine, War on Want
- "Fortress Carmel Agrexco breached by Peace Activists". Indymedia. Retrieved 2007-07-26.
- "Protesters occupy UK warehouse of Israeli exporter". tehran times.
- "UK Indymedia - 40 Climate camp Activists occupy Carmel Agrexco". Retrieved 2007-08-20.
- Newell, Claire; Cole, Sophie (2007-08-19). "Heathrow protest plan to block runway - Times Online". The Times. London. Archived from the original on June 12, 2011. Retrieved 2007-08-20.
- "Activists Deny Smear by General Manager of Carmel Agrexco". indymedia. Retrieved 2007-08-21.