Flex

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growth-positive

Electronics manufacturer Flex Ltd. and alternative energy source startup GenCell Ltd. have partnered to launch a joint manufacture line in Ofakim, Israel. GenCell develops fuel cells capable of converting hydrogen and ammonia into hydrogen fuel. Flex, formerly known as Flextronics International Ltd., produces electronics for various industries and already operates several facilities in Israel.

growth-positive

Electronics manufacturer Flex Ltd. is opening a new production facility in Israel. The facility will replace Flexs existing facility and will span around 330,000 square feet. Flexs 800 employees will relocate to the new center and the company plans to hire over 200 additional workers. Flex is also considering acquiring two Jerusalem facilities from Teva Pharmaceutical Industries Ltd. if the Israeli government provides significant subsidies. Flex has not yet responded to requests for comment.

growth-positive

Flex Ltd. is expanding its operations in Israel by opening a new design center in Haifa. The center will offer sketch-to-scale capabilities and allow customers to oversee production from design to manufacturing and shipping. Flex aims to become an end-to-end supplier of production services. The company employs 200,000 workers globally and operates in over 30 countries. Flex manufactures products for thousands of companies, including Mellanox Technologies, Intel Corp., GE Healthcare, and Strauss Water. The design center in Haifa currently employs 40 design engineers and is expected to increase to 60 by year end. Flex plans to bring 20 factories to Israel by 2020. The company has invested in six Israeli firms to date.