Delek Subsidiary IDE to Establish Sea Water Desalination Plant in China

June 10, 2007 at 12:00 AM EDT

pdf Download PDF

Tel Aviv, June 10th, 2007. Delek Group (TASE: DLEKG) the Company is announcing that IDE Technologies Ltd. (here in after ‘IDE’) signed an agreement on June 8th 2007, to establish a sea water desalination plant in China, for a local energy company. Size of the transaction is approximately $119 million.

IDE is held 50% by the Delek Group.

 

 

About IDE Technologies Ltd.

IDE Technologies Ltd. is a pioneer and leader in delivering sophisticated water solutions. IDE develops, designs, installs and maintains environmentally-friendly and economical plants for saline water desalination, industrial streams purification and effluent concentration. IDE’s product line also includes a range of heat pumps and ice machines.

Since its inception in 1965, IDE has installed over 360 plants of various technologies and capacities in approximately 40 countries.

Contact

Dalia Black

Head of Investor Relations
Delek Group
Tel: +972 9 863 8444
Email: black_d@delek.co.il

Ehud Helft / Kenny Green

International Investor Relations
GK Investor Relations
Tel: (US) 1 866 704 6710 / (UK) 0871 474 1218
E-mail: ehud@gk-biz.com / kenny@gk-biz.com