Ricor News
2 articles
growth-positive
Kibbutz Mishmar Ha'emek invests in cryogenics co Ricor
Mishmar HaEmek, a wealthy kibbutz in Israel, has made a NIS 90 million investment in buying the holding of private equity fund Tene in Ricor. Ricor, valued at NIS 350-400 million, is controlled by Kibbutz Ein Harod and specializes in cryogenic cooling solutions and vacuum systems. The investment is part of Mishmar HaEmeks strategy to invest its capital in buying shares of kibbutz companies. Mishmar HaEmek previously bought a quarter of irrigation products company Bermad. The acquisition of Tenes stake in Ricor is expected to contribute to the growth of the company.
Investment
growth-positive
Israeli refrigerator part of Mars mission
Ricor Cryogenic and Vacuum Systems, an Israeli company, developed and manufactured a refrigerator for NASAs Curiosity rover on Mars. The refrigerator, a cryocooler, is responsible for keeping a detector on board the rover at the required temperature to identify Mars materials. The companys marketing manager expressed pride in their contribution to the mission. The article highlights the technological achievement and the importance of the cooler in determining the type of materials examined on Mars.
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