Holdings data in a stock on canvas
According to FUNDER website data,
66 mutual funds hold NIS 42.17 million in shares on canvas
Funds that hold significant holdings in the stock – for the full list of holdings
The following is a change in the holdings of mutual funds in a stock on canvas according to FUNDER-MVF data
On Canvas reports that the company’s board of directors has approved an investment in the construction of a new line to create non-woven fabrics at an estimated cost, including the structure, of approximately NIS 190 million. She also estimates that the new line is expected to produce fabrics worth about NIS 140 million a year.
In the new line, unique technology components are designed, which will make it possible to produce a variety of fabrics in different raw material compositions and in different properties. When the company intends that the fabrics produced in the new line will be able to meet the strict requirements of environmental regulation, including the non-use of plastic materials.
The new line is expected to be built in Dimona, adjacent to the company’s existing plant, which was completed in May 2017. The company has a land division assigned to it by a development contract from the Israel Land Authority, for the purpose of building the additional line. The new line is planned to employ about 30 workers who are residents of the area.
In the opinion of the Company’s management, given the receipt of the required certificates, signing of agreements including with the suppliers of the production line and financing agreements in the near future, completion of the construction of the production line and commencement of operations is expected in early 2024.
The fabrics produced in the new line will be used by the company to produce a variety of wet wipes in its factories in Israel and around the world. The company estimates that the establishment of the new line is required for the purpose of upgrading the existing product basket, developing new growth engines with higher profitability, maintaining the company’s market share in the field of wet wipes and positioning the company as a world leader in technology and environment.
The company’s CEO Dan concludes He noted that “the decision to establish a new production line in Dimona is a significant event for Elbad, and is a continuation of the trend of producing green products and strengthening the field, especially in Europe.” The new line. “
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