TEL AVIV, Israel-Solid tire maker Mega-T Tzemet plans to begin production of rubber-to-metal bonded components and other mechanical rubber goods.
The Tel Aviv-based company is adding buildings and equipment and will begin parts production by the second half of 1996. A spokesman declined to give any figures on capacity or investment.
Mega-T initially will make standard products, but will move quickly into production of custom-designed and special-purpose components, the spokesman said.
The firm has seen sharp increases in its raw material costs, but hasn't made any compromises in production standards, the spokesman said. Mega-T plans to produce top-quality components using modern technology.
Mega-T doesn't anticipate setting up any joint ventures, but will use the skills and experience it has built up over the last 10 years to develop the general rubber goods business. It, however, might acquire particular know-how from existing companies in the sector, the spokesman said.
Business in Israel is growing steadily. The rapid expansion of Israeli ports at Ashdod and Haifa in anticipation of handling goods destined for Jordan and other Arab nations also brightened prospects for the firm.
Mega-T supplies solid tires and rims for trailers used by the Israel Port Authorities.