The Netafim Company is known by farmers, perhaps worldwide, as the Israeli firm pioneered drip irrigation. It was founded in the Negev back in 1965 and it has sold 80% of the company to the Mexican Mexichem Company for a cool $1.5 billion. Based on this sale, the company is valued today at $1.9 billion.

The company, Netafim, has sixteen production plants, with three being in Israel. It is operating in 110 countries and it currently employs some 4,000 people in Israel and worldwide.

(YWN – Israel Desk, Jerusalem)