Elco Ltd.
International conglomerate holding company / From Wikipedia, the free encyclopedia
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Elco Ltd. is an international conglomerate holding company headquartered in Tel Aviv, Israel. The company was founded in 1949 by Alexander Salkind, and has been managed since its establishment by three generations of the Salkind family. It is the parent company of Electra, Electra Consumer Products, Electra Real Estate, Supergas and others. By 2021 the company’s subsidiaries were active in 17 countries, with more than 21,000 employees, and a production site in Israel where it manufactures air conditioning units and electromechanical equipment.[1]
Native name | אלקו בע"מ |
---|---|
Company type | Public |
TASE: ELCO | |
Industry | Electronics, white goods, manufacturing, construction, real estate, apparel, retail, food and beverage, others |
Founded | 1949; 75 years ago (1949)[1] |
Founder | Alexander Salkind |
Headquarters | Electra Tower, Yigal Alon St 98[2], , |
Key people | Daniel Salkind (Co-CEO) Michael Salkind (Co-CEO)[3] [4] Avraham Israeli (Executive Vice President)[5] Eliezer Vessesly (CFO) Mordechai Friedman (Chairperson)[6] |
Revenue | US$4.76 billion[7] (2021) |
Total assets | US$6.12 billion NAV[7] (2021) |
Owners | Daniel and Michael Salkind (controlling shareholders)[8] |
Number of employees | 21,000 (2021) |
Website | elco.co.il |
The company is one of the top traded companies on the Tel Aviv Stock Exchange and is included in the TA-90 Index of top shares, trading under the ticker symbol ELCO.