Inter Electric’s sister company Melta will have a 50% share of the revenue.
Melta-Inter Industries Ltd. (TASE: MALT), announced yesterday that its sister company Inter Electric Ltd. will carry out $18 million (NIS 76 million) worth of electrical work together with a private contractor at Intel’s new Fab 28 now being built at Kiryat Gat. Melta will have a 50% share of the revenue, NIS 38 million.
The company said that work would commence in the second quarter and would be completed by the end of 2008.
Published by Globes [online], Israel business news - www.globes.co.il - on January 25, 2007
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