NIS 29.5 million increase in orders backlog for Hatehof

The company reported one order from a new customer and additions to two other existing orders.

Heavy duty vehicle manufacturer Hatehof Ltd. (TASE:THF) reported today an increase of NIS 29.50 million in its orders backlog. Two of the orders were from existing customers.

The company said a Turkish customer who originally placed an order for fuel tankers in November last year had increased it by a further NIS 9 million. The additional tankers will be supplied through the end of 2007.

Hatehof also said that the Union of Local Authorities in Israel had increased the value of its three-year order for the supply of fire engines by NIS 4 million, and added an additional NIS 5 million in additional orders.

The third order was a new one from IDE Technologies Ltd., for repair and maintenance work on its desalination plants worth a total of NIS 11.5 million. The work is due to be completed by the second half of 2008.

Published by Globes [online], Israel business news - www.globes.co.il - on July 1, 2007

© Copyright of Globes Publisher Itonut (1983) Ltd. 2007

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