IDE Technologies

IDE Technologies
Industrywater desalination
Founded1965; 58 years ago (1965)
HeadquartersHamatechet Street, Hasharon Industrial Park, Kadima, Israel
Key people
Asaf Bartfeld (Chairman)
Avshalom Felber (CEO & President)
OwnerAlpha Partners, Delek
Websiteide-tech.com

IDE Technologies is an Israeli water desalination company.[1]

History

The company was founded in 1965[2] by Ukrainian-born engineer Alexander Zarchin.[3] It is headquartered in the Hasharon Industrial Park in Kadima, Israel.[1] Its chairman is Asaf Bartfeld,[2] while its chief executive officer and president is Avshalom Felber.[1]

In Israel, it has built desalination plants in Hadera, Ashkelon and Soreq.[4][5]

In 2013, it agreed to design the Carlsbad desalination plant in Carlsbad, California.[6] It was expected to be completed by 2016,[7] however, due to the continuing drought in California, plant completion was advanced to late 2015, and was eventually finished in December, 2015.[8] Other projects under construction include plants in India,[9] Chile, Venezuela and Mexico.[10]

Ownership

IDE is jointly owned by Alfa Partners, a private strategic water fund controlled by Avshalom Felber, IDE Executive Chairman, and Amir Lang, former EVP of the Delek Group.

References

  1. ^ a b c Company Overview of IDE Technologies Ltd., Bloomberg Business
  2. ^ a b "Delek Group: IDE Technologies". Archived from the original on 2015-05-12. Retrieved 2015-04-25.
  3. ^ "Israeli Inventions: Desalination and Drought". 19 April 2016.
  4. ^ Vita Bekker, Israelis soak up high cost of desalination, Financial Times, November 28, 2011
  5. ^ The Associated Press, Israel Solves Water Woes With Desalination, The New York Times, May 30, 2014
  6. ^ IDE Technologies to help build largest U.S. desalination plant, Reuters, January 3, 2013
  7. ^ Reuters, Israel's IDE Technologies to help build largest U.S. desalination plant, Haaretz, January 7, 2013
  8. ^ Carlsbad desalination plant
  9. ^ Amy Kazmin, Chennai finds solution to water shortages, Financial Times, September 6, 2010
  10. ^ Yoram Gabison, Israel Chemicals puts desalination unit up for sale: IDE Technologies could fetch up to $1 billion as well as give the company access to Arab markets., Haaretz, November 12, 2014