Israel Companies Look to Keep Operations Running After Hamas Attack -- At a Glance
09 Octobre 2023 - 5:27PM
Dow Jones News
Companies in Israel are working to keep their businesses open
after Hamas launched a surprise attack on the country over the
weekend. Some have closed offices or reduced capacity at specific
locations, but others have said their activities remain unaffected
by the fighting.
Here is a list of reactions from Israeli companies:
-- Bank Leumi Le-Israel said it has implemented a
business-continuity plan to ensure full operational capacity and
closed some branches following directives issued by the Israel
Defense Forces Home Front Command. Most of Leumi's branches are
open and all employees are working, either on-site or remotely, the
lender told Dow Jones Newswires.
-- Real-estate company Melisron's malls are limiting customer
traffic following the Home Front Command's directives, Chief
Financial Officer Oren Hillinger told Dow Jones Newswires. The
market response--which saw Melisron's shares fall as much as
3.3%--is an understandable temporary reaction that reflects the
uncertainty, he said. "We are focusing at this stage on managing
the company's activities and are confident that the stock market
will know how to correct the declines in the medium term,"
Hillinger added.
-- ICL Group said its business activities continue to function.
The Israeli chemical manufacturer, alongside its workforce, is
actively engaged in relief efforts and volunteer initiatives to
assist evacuated residents. ICL remains committed to its customers
from a business perspective, while acknowledging the toll of the
circumstances on all involved, it said.
-- Energean, an oil-and-gas company listed on both London and
Tel Aviv's stock exchanges, said that production, supply and work
offshore are continuing. The northern area of Israel--where the
company's operations are based--isn't currently under attack, but
Energean continues to closely monitor the events to manage any
scenario, it said. "Energean is and remains fully committed to
underwriting the energy security of Israel during these challenging
times," it said.
-- Defense electronics manufacturer Elbit Systems said it is
prioritizing its support to the Israeli defense forces while
maintaining regular operations to ensure ongoing customer support
worldwide.
-- Chip maker Tower Semiconductor said there was no effect on
its operations from the situation in Israel and that it continued
to work as usual.
-- Chip company Valens Semiconductor said it is fully prepared
to ensure continuity of its business, but that some of its
employees in Israel were drafted as reserves. "As a fabless
semiconductor company, our manufacturing is outsourced to
third-party foundry, assembly, and testing facilities in Asia and
Europe, without disruption," a spokesperson said.
-- BATM Advanced Communications, a provider of cybersecurity
services and laboratory-diagnostic equipment, said it doesn't
expect its business performance to be materially affected after the
attacks.
-- Windward--a maritime artificial-intelligence company--doesn't
expect its business to have taken a material hit from the attacks,
it said.
Andrea Figueras, Helena Smolak, Joe Hoppe, Mauro Orru and
Christian Moess Laursen contributed to this article.
Write to Barcelona editors at barcelonaeditors@dowjones.com
(END) Dow Jones Newswires
October 09, 2023 11:12 ET (15:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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