Israel Petrochemical Enterprises Ltd.
TTASE:PTCH461.40
ILA
+12.10
(+2.69%)
Israel Petrochemical Enterprises Ltd.
TASE:PTCH
(Tel Aviv Stock Exchange)
Recent
price
461.40
P/E
ratio
3.93
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Israel Petrochemical Enterprises Ltd. is an Israel-based holding company that engages in the petrochemical industry through its subsidiaries, primarily via its controlling interest in Oil Refineries Ltd. (Bazan Group). The company manufactures and markets a broad range of petroleum products including gasoline, naphtha, diesel, kerosene, fuel oil, liquefied petroleum gas (LPG), and bitumen; polymers such as polyethylene, polypropylene, and polystyrene used as raw materials for the plastics industry; aromatic materials and solvents serving as feedstocks for the chemical and petrochemical sectors; as well as basic oils, waxes, and aliphatic solvents for industrial, pharmaceutical, plastic, and food applications. It operates primarily in Israel with exports to international markets, serving fuel and gas marketing companies, industries, gas stations, plastics plants, and other customers through agents and a flexible logistics network. Founded in 1961 and headquartered at 3 HaNechoshet Street in Tel Aviv, Israel, the company maintains a significant stake in key subsidiaries like Carmel Olefins Ltd., which produces branded products such as Ipethene low-density polyethylene and advanced polypropylene grades using Spheripol and Spherizone technologies, and Gadiv Petrochemical Industries Ltd., a leading producer of over 500,000 tons annually of high-quality aromatics and intermediates. In recent developments, Israel Petrochemical Enterprises completed the acquisition of controlling interest in Bazan Group (Oil Refineries Ltd.) from Israel Corporation in 2022 for NIS 550 million, alongside a comprehensive debt restructuring of NIS 1.5 billion, a NIS 100 million convertible loan from new investors, and the issuance of a new NIS 485 million debenture series, positioning it as the sole controlling shareholder of this critical energy infrastructure. Additionally, in February 2025, an undisclosed buyer acquired a 13.05% stake from shareholder Michael Bobrov, reflecting ongoing shifts in ownership structure.