Ashtrom Group Ltd.
ASHG.TA
Tel Aviv Stock Exchange6,802.00
ILA
+239.00
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Ashtrom Group Ltd.
ASHG.TA
(Tel Aviv Stock Exchange)
Recent
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6,802.00
P/E
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div
yld
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ROIC.AI
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- Business
- Ashtrom Group Ltd. operates as an integrated construction and real estate company based in Israel, founded in 1968 and headquartered in Petah Tikva. The company offers a comprehensive range of products and services including the construction of infrastructure and mega-projects; residential and public buildings; hotels; office blocks; retail, industrial, and logistics facilities; industrial plants; groundwork and underground infrastructures; as well as educational, community, and security institutions. In addition to construction, Ashtrom produces and markets concrete and mortar products, white autoclaved blocks, gypsum interlocking blocks, waterproofing and insulation systems, adhesives, coatings, cladding materials, and mined and quarried raw materials for the building and infrastructure sectors. The group also develops land, initiates, builds and sells housing developments, and manages offices, commerce, industrial, and hotel properties. Its operations span primarily Israel but also include international projects through subsidiaries. In the last 1-2 years, Ashtrom Group undertook strategic expansions and partnerships, notably forming Ashtrom-Refek-Mivtach Renewable Energy Ramat Hagolan in 2023, a joint venture holding a 33% stake to develop photovoltaic electricity production projects in the occupied Syrian Golan Heights. The company has continued to implement its sustainability and climate preparedness strategy, integrating environmental risk assessments and supporting progress toward carbon neutrality by 2050. Operationally, Ashtrom continues to invest in modern infrastructure for both construction and manufacturing through its 14 factories nationwide producing advanced construction solutions and materials, backed by significant order backlogs. It also recently focused on urban renewal projects including Pinui-Binui and TAMA 38 programs, mixed-use buildings, and underground works, reinforcing its position as a comprehensive construction and real estate developer. Ashtrom’s business segments include construction, production of building materials, property development, and concessions such as public infrastructure and transport projects. The company has a network of subsidiaries and a robust supply chain with quarries and transport fleets supporting its construction operations. Financially, Ashtrom is publicly traded on the Tel Aviv Stock Exchange under ticker ASHG.TA and reports strong market capitalization and a diversified portfolio of assets, including investment properties and ongoing developments. The company’s recent initiatives reflect a strategic shift towards sustainability and renewable energy projects alongside its core construction and real estate activities.