Ashtrom Groupקבוצת אשטרום

Head office: Kremenetski St., Tel Aviv 67899, Israel Tel.: +972-3-6231414 www.ashtrom.co.il

Traded
Revenue
Headquarters
Industrial Zone


One of the largest construction and real estate groups in Israel. Through its subsidiaries, the group engages in construction, infrastructure, development, industry, income property, and housing services businesses.

Shortly after the 1967 occupation, Ashtrom started engaging in settlement construction beyond the Green Line. In 1970, the company took part in the construction of the first Jewish settlement neighborhoods in occupied East Jerusalem. This included the construction of Ramot Polin, a housing project which included 728 housing units and public buildings in the settlement neighborhood of Ramot. Between the years 1974-1980, the company started building in the occupied Syrian Golan and the Sinai Peninsula, including the in Israeli settlements Yamit and Ofira (both were evacuated in 1982 under the Egypt-Israel Peace Treaty). In 1994, Ashtrom took part in the establishment of the Beitar Illit settlement in the West Bank.

Ashtrom’s long lasting involvement in the expansion of Israeli settlements in the occupied Palestinian territory continued during the last decade. Through its subsidiary – Ashtrom Jerusalem Prefabrication Industry, the company constructed housing projects in the neighborhoods of Gilo, Ramat Eshkol and Nof Zion, all located in occupied East Jerusalem and in the settlement of Beitar Illit. Ashdar Building Company, another subsidiary of the group, has built housing projects in the settlements of Oranit, Alfei Menashe, Ma’ale Adumim and Beitar Illit.

In 2004, the company won a tender of the Israeli Ministry of Defense for the supply of construction materials for the checkpoints in the Separation Wall.

The company also owns and operates two quarries in the West Bank, Netivei Beitar which is located next to the settlement of Beitar Illit and Netivei Adumit next to the Mishor Adumim settlement industrial zone. The company exploits Palestinian natural resources and openly declares that the excavated material from the Palestinian territory is used for the needs of the Israeli construction sector.

The Ashtrom Group is a partner (47.5%) in the CityPass consortium of the Jerusalem light rail, a transportation project serving the settlement neighborhoods in occupied East Jerusalem. A company subsidiary, Ashtrom Engineering and Construction, has built the light rail depot in the settlement neighborhood of Pisgat Ze’ev. Paving bricks manufactured by Netivei Noy, then a Group subsidiary and today one of its brands, were documented during the construction of the light rail.

Ashtrom group also owns Isra-Beton, which has a concrete plant in the industrial zone of Atarot in the West Bank, Ashlad, which rents out industrial spaces in Immanuel and in the industrial zones of Barkan and Neve Tzuf (Halamish) in the West Bank and MLT Buildings, which built a daycare center in the settlement of Karnei Shomron.

Additionally, the group collaborated with the Israeli Prison Service. The group build the Ofer prison, an incarceration facility in the West Bank dedicated exclusively to Palestinian political prisoners, and Hasharon prison – a detention center within Israel, in which Palestinian women political prisoners are detained. Through its subsidiary Ashkubit, the group supplied prefabs (modular concrete structures) to the Ofer prison and to the Ramon prison within Israel; Palestinian political prisoners are incarcerated in both sites.



Ownership

The company’s controlling shareholder is Unedco United Engineering and Development Company (58.7%), a holding company owned by five Israeli families: Gueron, Nussbaum, Meshorer, Rubin and Lipshitz. Allied Holdings, managed by Prof. Itzhak Swary, holds additional 19% of the company shares.

Chair: Avraham Neusboum
Managing Director: Gil Gueron


Subsidiaries

Subsidiaries: Ashdar Building Company, Israbeton, Ashlad, Ashkubit Industrialized Building Co, Ashbat Industrial Construction, Ashcrete Concrete Products, Ashtrom Engineering and Construction, Basepile, Derachim Building and Development (S.A.Z.), MLT Buildings, Netivei Beitar, Netivei Adumit, Ashtrom Jerusalem Prefabrication Industry, Central Bodies, Ashtrom International (USA), Ashtrom Properties Europe (The Netherlands) and Ashtoh Properties Germany (Germany).

All the information contained in this page is valid until Mon 01/06/2015



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