JTA NEWS
23 July 2018 - 11 Av 5778 - י"א אב ה' אלפים תשע"ח
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Business
Chinese construction company wins contract to be main contractor in Israel project E-mail

Beijing Construction Engineering Group (BCEG) recently signed a construction contract as the main contractor of the Neot Ariel Sharon project in Kiryat Ono, Tel Aviv, with Israeli Carasso Real Estate.

The signing on 13 November marked the first time that a Chinese company has been appointed as the main contractor with an Israeli real estate company in the country. It is the beginning of co-operation between both sides, and also the beginning of BCEG’s business in Israel, said Chang Yongchun, vice general manager of BCEG. “The performance of this project will lay a solid foundation for our long-term co-operation in Israel,” the manager said.

BCEG has business in all parts of China, and is expanding around the world. Israel’s Ministry of Construction and Housing of Israel selected the company, whose Israeli branch was registered in March 2017, as the top foreign contractor in October 2016.

The construction project covers a total area of 25,000 square metres. Six residential buildings will be set up, with nearly 800 housing units. The project will be completed in six phases, with the first phase covering 9,000 square metres.

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Radcom extends contract with Philippine communications provider Globe Print E-mail

Tel Aviv-based technology company Radcom Ltd. is extending its contract with Globe Telecom, a Philippines communications provider with over 60 million subscribers. Radcom provides solutions for monitoring and examining traffic on communications networks.

Under the three-year extension of the contract, Radcom will help Globe Telecom in its transition to an NFV-based (network functions virtualisation) network. According to the company’s published prospec-tus on the deal, the value will be around US$15 million.

“To provide our customers with a high-quality service and a delightful customer experience, we need top-level service assurance and analytics,” said James Lim, Globe Vice President for Network Technology Group. “This three-year partnership will optimise our Packet Core IP Probe system to continuously deliver superior mobile data service to our customers through real-time monitoring of our mobile network KPIs and subscribers’ KQIs. The system easily enables immediate detection of breached thresholds to trigger immediate action and rectification of issues, before they even impact the subscriber data experience. This partnership will also extend to our adoption of new technologies such as NFV, ” added Lim.

(Issue Dec 2017/Jan 2018)

 
Philippine business delegation visits Israel E-mail

A business mission from the Philippines, led by the Department of Trade and Industry’s Export Marketing Bureau (DTI-EMB), conducted an export and investment road show in Israel from 6 to 13 November to promote trade and investments between the two countries.

The 14-member delegation, headed by Assistant Secretary Rafaelita M. Aldaba of the DTI’s Industry Development and Trade Policy Group (IDTPG), was comprised of representatives from 11 companies from the food, electronics, information technology and trading sectors in the Philippines. Aldaba was joined by Agnes R. Legaspi, the assistant director of DTI-EMB, and Rafaelita C. Castro, DTI-EMB’s market innovations division chief.

The road show kicked off with a business presentation to the Jerusalem Chamber of Commerce on 7 November. “This event is a milestone in improving the bilateral trade relationship between Israel and the Philippines. The Jerusalem Chamber of Commerce will serve as a bridge for a reliable friendship and business relationship between Israel and the Philippines,” said Dror Atari, president of the Jerusalem Chamber of Commerce. After the business-to-business meetings, Rabbi Kaz gave a briefing on Kosher certification of food products, to provide the Philippine food exporters with information that will help them in their expansion to the Israeli mainstream market.

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Chengdu Kanghong Pharma buys IOPtima E-mail

Bio Light Israeli Life Sciences Investments Ltd., which develops various ophthalmology products, announced the completion of a deal to sell its IOPtima subsidiary on 21 November.

In April, BioLight had reported a memorandum of understanding for an initial investment in the company with an option for acquisition, and the option is now being exercised. IOPtima manufactures and markets a surgical device for treatment of glaucoma.

The acquiring company is China-based Chengdu Kanghong Pharmaceutical Group, which is listed on the Shenzhen Stock Exchange at a US$6 billion market cap. The company works in the ophthalmology field, from R&D to marketing.

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Israeli companies pitch to investors in China roadshow E-mail

Fifteen Israeli companies from the life sciences and information communications technology (ICT) sectors took part in a roadshow to China in November as part of a delegation organised by the Israel Innovation Authority together with the Chinese Ministry of Science and Technology.

Chinese investors, who visited Israel in July and took part in a preliminary pitching event organised by the Israel Innovation Authority, selected the participants from 40 companies. More than 160 Israeli compa-nies had signed up to pitch their technologies to the investors. The 15 Israeli companies selected were thought to have the technologies that are most interesting for and relevant to the Chinese market.

During the roadshow, the Israeli companies visited Changzhou in Jiangsu Province, Shanghai and Beijing and held more than 100 business-to-business B2B meetings to promote various forms of co-operation. In Changzhou and Beijing, the companies also took part in pitching events, presenting their products and technologies to dozens of investors, investment groups and companies such as conglomerate Fosun International, VC fund Ping An Ventures, private equity firm Go Capital and Sanpower Group.

The pitching events in Changzhou and Beijing were competitions, and in each location three Israeli companies won a modest monetary award.

The winning companies in the life science competition in Changzhou were Brainsway, which is developing a medical device to treat obstructions in the brain; Vectorious Medical Technologies, which uses a miniature wireless sensory im-plant to measure pressure on the heart’s left artery, enabling the monitoring and management of patients with congestive heart failure, and OrthoDrill Medical, which has developed a technology to enable fast, easy and safer orthopedic drilling procedures for bone operations.

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