The public company Shemen Industries merges with a partnership of the JTLV Foundation and Zvi Ben-Zvi’s Orsher company. Shemen Industries owns 86 dunams in a strategic location near Haifa Port. The partnership of Ben Zvi and JTLV will bring the company three plots of land in Ashdod in Ofakim and Ariel. JTLV and Orscher will become part of the controlling owners of the oil with holdings of 44%
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