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Article: Kocks Krane to spend 3.85m on trade with Israel.
- Article from:
- Globes
- Article date:
- April 5, 2006
CopyrightCOPYRIGHT 2006 Globes. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Hadas Manor
Apr. 5--German port equipment manufacturer Kocks Krane International has undertaken to make reciprocal procurements in Israel worth 3.85 million during the next three years, announced the Ministry of Industry, Trade and Labor industrial cooperation authority on Monday. The undertaking was made following the acquisition by Ashdod Port Company Ltd. of two dock cranes from Kocks Krane for 13.7 million.
Industrial cooperation authority director general Bina Bar On said, "The inclusion of a clause committing to reciprocal procurement as precondition for the approval of contracts for foreign companies selling goods and services to ...