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Makhteshim-Agan Industries Ltd.
(MAIN:Tel-Aviv Stock Exchange)
> Makhteshim-Agan Industries Ltd.
Company Profile
Status: Full Time Employees:
3,872
Headquarters: Year Founded:
Israel 1945
Executive Name: Executive Title:
Abraham Bigger Chairman
Year Listed:
1997
Revenue
(TTM)		 EBITDA
(TTM)		 Revenue
Growth (1 YR)		 Net Income
(TTM)		 Return on
Equity (TTM)		 Total Debt
(MRQ)
$7.9B $752.5M -12.66% $56.5M 1.13% $4.9B
Data as of 03/29/2010
TTM= Trailing Twelve Months; MRQ= Most Recent Quarter
Primary Industry:
Chemicals

Makhteshim-Agan Industries, Ltd., along with its subsidiaries, engages in the development, manufacture, and marketing of pesticides, intermediate materials, and synthetic fragrances. The company manufactures and markets crop protection products, which include herbicides, insecticides, fungicides, and acaricides, as well as seed treatment and growth regulator products.

The company also develops and sells additional products targeting non-crop markets, which comprise T&O (turf and ornamental); IVM (weed control in: right of ways, railroad, utilities, and forestry); PCO (pest control operations, including termiticides); H&G (home and garden); material preservation; and public health, as well as ectoparasitics to be used for animal health. In addition, the company produces various non-agrochemical products, including lycopene (antioxidant), specialty aroma chemicals, and other fin...

Detailed Business Summary

Investor Contact:
Rony Patishi-Chillim

Email:
ir@ma-industries.com

Phone:
972-73-232-1000

Fax:
972-73-232-1074

Address:
Golan Binyan Ha'arava St., P.O. Box 298
Airport City, 70100
Israel

Other Exchanges & Indices
TA25, TA100, Maala SRI
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Company Timeline
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Sep
2009
Oct
Nov
Dec
Jan
2010
Feb
Mar
Apr
May
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Management Discussion

Avraham Bigger

Chairman

Makhteshim-Agan Industries Ltd. is a world-leading manufacturer and distributor of branded off-patent crop protection products. The company's product range includes herbicides, insecticides and fungicides as well as other non-crop protection chemicals, plant growth regulators, food supplements and aroma chemicals. The group offers a wide range of products that protect against destructive weeds, insects and fungi, and increase crop yields.
  The company's technological-chemicals capability, extensive product registration capabilities coupled with unique market reach and environmental compliance, facilitate rapid introduction of new generic products upon patent expiration.
  With sales of over $2.2 billion in 2009, the company ranks as the largest off-patent crop protection player. Excluding 2008, this is the company's highest annual sales level ever. Europe accounts for ap...

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Products
Featured Products
Crop Protection Products
Description:
The company's crop protection product line includes which include herbicides, insecticides, fungicides, and acaricides, as well as seed treatment and growth regulator products.
Non-Crop Products
Description:
The company's non-crop product line comprises of T&O (turf and ornamental); IVM (weed control in: right of ways, railroad, utilities, and forestry); PCO (pest control operations, including termiticides); H&G (home and garden); material preservation; and public health, as well as ectoparasitics to be used for animal health.
Non-Agrochemical Products
Description:
The company's non-agrochemical product line includes lycopene (antioxidant), specialty aroma chemicals, and other fine chemicals.
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FINANCIALS
Financial Highlights
Fiscal Year Ends:
December 29, 2009
Most Recent Quarter Ends (MRQ):
29-Mar-10
Profitability
Management Effectiveness
Ratios
Balance Sheet
Cash Flow Statement
Income Statement
Gross Margin (TTM)26.83%
Operating Margin (TTM)4.94%
Return on Capital (TTM)2.46%
TTM = Trailing Twelve Months
LFY = Last Fiscal Year
Data as of 03/29/2010
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Ownership
Top 5 Shareholders  
Koor Industries Ltd. 46.56%
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Research Coverage
CitiBank, Deutsche Bank, Goldman Sachs, HSBC Bank PLC, Merrill Lynch, Nomura, UBS Group
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Corporate
Awards
View MAIN's Awards.
CorporateEnvironmentalCommunity  
 
Date Name/Description
06/09/2010Maala-Business for Social Responsibility 2010
Platinum Ranking
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Advisors
Type Name/Company
Auditor Somekh Chaikin (member of KPMG International)
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Subsidiaries
Learn about MAIN's subsidiaries.
Company Profile:Website:
Privatewww.agan.co.il
Headquarters:Full Time Employees:
Israel600
Executive Name:Year Founded:
Executive Title:IPO Listing Date:
Primary Industry(s):
Chemicals

Agan Chemical Manufacturers develops, manufactures and markets crop protection products, mainly herbicides as well as synthetic aroma substances. The factory manufactures tens of active chemical materials which are processed into hundreds of different formulations for agriculture use. The company’s herbicides are sold in all countries throughout the world. The factory manufactures mainly generic chemical preparations, and strives to launch new products in an accelerated and continuous manner.

Address:
PO Box 262, Northern Industrial Zone,

Ashdod,

Israel

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Top Clients
Name/Business Description
Regional and local distributors and multinational companies in Europe, the Americas, Israel, Asia-Pacific, Africa and the Middle East.

 

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People
Key Executives
Avraham Bigger
Chairman

Age:

Avraham Bigger
Chairman

Abraham Bigger has been President and Chief Executive Officer of Makhteshim Agan Industries Ltd. since 2006. He previously served as Chief Executive Officer of Paz Oil Company and of Israel General Bank. Bigger also serves as Chairman of Supersol, Israel's larget supermarket chain, and the Caesarea Edmund Benjamin de Rothschild Development Corporation. Bigger holds a Masters in business administration from the Hebrew University of Jerusalem.

Age:

Erez Vigodman
CEO

Erez Vigodman has been the Chief Executive Officer of Makhteshim Agan Industries Ltd. since January 1, 2010 and serves as its President. Vigodman served as the Chief Executive Officer and President of Strauss Group Ltd. (Previously known as Elite Industries Ltd.) since January 2001. He is member of the Advisory Council to the Governor of the Bank of Israel and of the Advisory Board of Directors of the Faculty of Business Management, Tel Aviv University. Vigodman serves as a Director of Teva Pharmaceutical Industries Limited. He is a certified public accountant, holds a B.A. in Accounting and Economics from Tel Aviv University and is a graduate of the program of Management Development at Harvard Graduate School of Business Administration.
Ran Maidan
Chief Financial Officer

Age:

Ran Maidan
Chief Financial Officer

Ran Maidan joined the Makhteshim Agan Group in 2006. Prior to this he served as Senior Vice President and Chief Financial Officer of Koor Industries. Previously, Maidan served as Chief Financial Officer of the Elisra Defense Group. He was Vice President, Mergers, Acquisition and Taxation of Koor and Corporate Controller of Koor. Maidan was also an Audit Manager at KPMG Somekh Chaikin. He holds an MBA and Bachelor’s degree in Accounting and Economics, both from the Bar-Ilan University and is a Certified Public Accountant in Israel.

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