The company’s first sale will reach an estimated NIS 2-3 million.
Klil Industries (TASE: KLIL) will be the first Israeli company to sell anti-hurricane paneling to states in the US. The company recently clinched its first sale worth an estimated NIS 2-3 million to the State of Florida, and it claims that the product, which was developed specially for the US market, could have potential sales of $5 million a year. Klil now plans to test its product in Florida’s neighboring states, Louisiana, North Carolina, and Tennessee, which are also affected by hurricanes.
Federal authorities in the US recently introduced a new ruling requiring people living in states affected by hurricanes to secure their homes only with special systems that comply with the stringent regulations in each respective state. The systems are only approved for distribution once the regulatory requirements have been met.
Klil is Israel’s largest manufacturer of aluminum doors and window frames. It revolutionized its marketing strategy during the course of 2006 with the opening of showrooms for new customers, and posted a significant net profit for the preceding year.
Published by Globes [online], Israel business news - www.globes.co.il - on January 22, 2007
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