"Globes" has learned that Vishay International president Dr Felix Zandman will meet in the next few days with Minister of Industry and Trade Ran Cohen to finalize plans to expand the Vishay plant in Beer-Sheva, at a $40 million investment. The company's management has been deliberating in recent months regarding the location of the expansion.
Due to increased demand for its products, Vishay has expanded its plants in Israel in recent years. The company mainly manufactures passive electronic components for the computer, aviation, space and other industries. As part of its expansion program, the company is acting to increase capacity of its plants throughout the world.
The company's plant in Beer-Sheva was set up a year and a half ago, and currently has 500 employees. Three years ago, the company set up a plant in Migdal Ha'emek, and expanded it. The company's largest plant is in Dimona, where 1,500 workers are employed.
According to Gad Negbi, Vishay plant manager in Beer-Sheva, the company plans to add another production line, which will take another 200 workers.
Published by Israel's Business Arena August 25, 1999