Chemada Industries

growth-positive

The OQEMA Group has entered into an exclusive agency and distribution partnership with CHEMADA Industries Ltd., a leading manufacturer of fine chemicals. OQEMA will act as a European agent and distributor for CHEMADAs products in several European countries. The partnership is expected to contribute to the growth of OQEMAs portfolio and expand their chemical intermediate range. Both companies share common values and are focused on putting the customer first. The CEO of CHEMADA Industries Ltd. expressed confidence in the partnership and the market presence of OQEMA.

growth-positive

כימדע תעשיות, a leading chemical company, has completed the sale of its factory to a group of industrialists led by Karin Hazan Cohen. The transaction was valued at approximately $4 million. The factory, located in Kibbutz Nir Yitzhak, specializes in the production of chemicals for pharmaceutical, agricultural, and cosmetic industries. As part of the deal, the buyers also took responsibility for the chemical waste disposal on the premises, which is estimated to cost millions of shekels over the next eight years. The buyers have also committed to retaining all 70 employees of the factory.

growth-negative

Chemada Ltd., a company that produces and supplies intermediate materials to the pharmaceutical and chemical industries, has petitioned the Beer Sheva District Court for a stay of proceedings due to financial difficulties. The company is seeking protection against creditors after accumulating NIS 18 million in debt. Chemadas main shareholders are Kibbutz Nir Yitzhak and Israel Chemicals through Dead Sea Bromine. The company owes debts to banks, suppliers, and employees. The petition states that appointing a trustee and finding an investor is the only way to prevent the companys collapse. Chemada is hoping that the stay of proceedings will make it more attractive to potential investors.