Lesico Group
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לסיכו בע"מ
Head office: 152 Jerusalem Boulevard, Holon, 5882752, Israel Tel.: +972- 74-7500600
Lesico is a publicly traded Israeli company that specializes in construction projects and maintaining infrastructure systems in the fields of civil engineering, railways, piping and energy, process piping, environment and maintenance water facilities.
In January 2023, Lesico finished pouring the floor of a regulation pond in the area of Wadi Al-Nar, also called Kidron Valley, in the occupied West Bank. This was part of Hagihon Company tender the company won in April 2022, which entailed a two-year project involving sewage treatment, expansion of the water treatment plant, and regulation ponds situated along the valley. The company's expected net income from the project is NIS 125 million.
In 2021, the company's subsidiary, Lesico Process Piping, was contracted by the Modi'in Ilit settlement municipality for the maintenance of a pumping station for sewage and a booster for water.
In 2021, the company planned and established photovoltaic facilities (FPV) in the Bnei Yisrael Reservoir and the Orvim Eliyon Reservoir areas, two artificial water reservoirs in the occupied Syrian Golan. These dual-use water facilities serve the settlements in the occupied Syrian Golan. This project, which won quotas to supply electricity to the National Electricity Network, was carried out in partnership with Public Israeli Company Enlight Renewable Energy and the Golan Water Cooperative.
The company did pipe work and equipment installation for Ruach Beresheet wind energy project, a 189-megawatt project active since 2021 in the southeastern region of the occupied Syrian Golan. The company’s work included laying out of high-tension cables along Road 87 and the Tapline route in the Syrian Golan. The project’s expected revenues are NIS 12 M. For more on wind farm projects in the occupied Syrian Golan, read Who Profit’s flash report Greenwashing the Golan
Through its subsidiariy, Poldmir, the company is a certified contractor of the Israeli Ministry of Defense (IMOD). The company conducted construction, development and supply of systems for IMOD projects. In 2021, the company's revenues from the IMOD amounted to NIS 73,445,000.
In 2021, Lesico Process Piping was contracted by the Israeli Prison Service (IPS) to operate and maintain the sewage treatment plant for the Nafha-Ramon prison where Palestinian political prisoners are incarcerated. Also in 2021, the company was contracted by the IPS in a contract worth NIS 115,888 for water and sewage systems project.
The company's subsidiary, Tibho- Land Management Company, operates a plant in the settlement of Kdumim in the occupied West Bank.
The company was also involved in the laying of the upper railroad for the A1 train. The A1 train route crosses the Green Line into the occupied West Bank in two areas. For more on the train, read Who Profits flash report Crossing the Line: The Tel Aviv Jerusalem Fast Train (A1).
Lesico built sections of the border walls with Egypt and Jordan, the wall around the besieged Gaza and the separation wall in the occupied West Bank to the total value of over 100 million NIS.
In January 2018, Who Profits submitted a Freedom of Information request to the Israeli Ministry of Defense regarding service providers to the checkpoints. In a response received on 14 April 2018, the IMOD confirmed Lesico provides maintenance services for gas and fuel installations in the Kerem Shalom checkpoint.
In 2017, the company established a covered concrete water reservoir with a collection capacity of 50,000 cubic meters located in East Jerusalem mountains area, in the occupied Palestinian territory. The project included laying a 980 meters water pipeline with a paving of an 1,100 meters access route to the pool. This project was carried out in partnership with Mekorot.
Lesico is a publicly traded Israeli company that specializes in construction projects and maintaining infrastructure systems in the fields of civil engineering, railways, piping and energy, process piping, environment and maintenance water facilities.
In January 2023, Lesico finished pouring the floor of a regulation pond in the area of Wadi Al-Nar, also called Kidron Valley, in the occupied West Bank. This was part of Hagihon Company tender the company won in April 2022, which entailed a two-year project involving sewage treatment, expansion of the water treatment plant, and regulation ponds situated along the valley. The company's expected net income from the project is NIS 125 million.
In 2021, the company's subsidiary, Lesico Process Piping, was contracted by the Modi'in Ilit settlement municipality for the maintenance of a pumping station for sewage and a booster for water.
In 2021, the company planned and established photovoltaic facilities (FPV) in the Bnei Yisrael Reservoir and the Orvim Eliyon Reservoir areas, two artificial water reservoirs in the occupied Syrian Golan. These dual-use water facilities serve the settlements in the occupied Syrian Golan. This project, which won quotas to supply electricity to the National Electricity Network, was carried out in partnership with Public Israeli Company Enlight Renewable Energy and the Golan Water Cooperative.
The company did pipe work and equipment installation for Ruach Beresheet wind energy project, a 189-megawatt project active since 2021 in the southeastern region of the occupied Syrian Golan. The company’s work included laying out of high-tension cables along Road 87 and the Tapline route in the Syrian Golan. The project’s expected revenues are NIS 12 M. For more on wind farm projects in the occupied Syrian Golan, read Who Profit’s flash report Greenwashing the Golan
Through its subsidiariy, Poldmir, the company is a certified contractor of the Israeli Ministry of Defense (IMOD). The company conducted construction, development and supply of systems for IMOD projects. In 2021, the company's revenues from the IMOD amounted to NIS 73,445,000.
In 2021, Lesico Process Piping was contracted by the Israeli Prison Service (IPS) to operate and maintain the sewage treatment plant for the Nafha-Ramon prison where Palestinian political prisoners are incarcerated. Also in 2021, the company was contracted by the IPS in a contract worth NIS 115,888 for water and sewage systems project.
The company's subsidiary, Tibho- Land Management Company, operates a plant in the settlement of Kdumim in the occupied West Bank.
The company was also involved in the laying of the upper railroad for the A1 train. The A1 train route crosses the Green Line into the occupied West Bank in two areas. For more on the train, read Who Profits flash report Crossing the Line: The Tel Aviv Jerusalem Fast Train (A1).
Lesico built sections of the border walls with Egypt and Jordan, the wall around the besieged Gaza and the separation wall in the occupied West Bank to the total value of over 100 million NIS.
In January 2018, Who Profits submitted a Freedom of Information request to the Israeli Ministry of Defense regarding service providers to the checkpoints. In a response received on 14 April 2018, the IMOD confirmed Lesico provides maintenance services for gas and fuel installations in the Kerem Shalom checkpoint.
In 2017, the company established a covered concrete water reservoir with a collection capacity of 50,000 cubic meters located in East Jerusalem mountains area, in the occupied Palestinian territory. The project included laying a 980 meters water pipeline with a paving of an 1,100 meters access route to the pool. This project was carried out in partnership with Mekorot.
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Lesico Group
לסיכו בע"מ
Head office: 152 Jerusalem Boulevard, Holon, 5882752, Israel Tel.: +972- 74-7500600
Lesico is a publicly traded Israeli company that specializes in construction projects and maintaining infrastructure systems in the fields of civil engineering, railways, piping and energy, process piping, environment and maintenance water facilities.
In January 2023, Lesico finished pouring the floor of a regulation pond in the area of Wadi Al-Nar, also called Kidron Valley, in the occupied West Bank. This was part of Hagihon Company tender the company won in April 2022, which entailed a two-year project involving sewage treatment, expansion of the water treatment plant, and regulation ponds situated along the valley. The company's expected net income from the project is NIS 125 million.
In 2021, the company's subsidiary, Lesico Process Piping, was contracted by the Modi'in Ilit settlement municipality for the maintenance of a pumping station for sewage and a booster for water.
In 2021, the company planned and established photovoltaic facilities (FPV) in the Bnei Yisrael Reservoir and the Orvim Eliyon Reservoir areas, two artificial water reservoirs in the occupied Syrian Golan. These dual-use water facilities serve the settlements in the occupied Syrian Golan. This project, which won quotas to supply electricity to the National Electricity Network, was carried out in partnership with Public Israeli Company Enlight Renewable Energy and the Golan Water Cooperative.
The company did pipe work and equipment installation for Ruach Beresheet wind energy project, a 189-megawatt project active since 2021 in the southeastern region of the occupied Syrian Golan. The company’s work included laying out of high-tension cables along Road 87 and the Tapline route in the Syrian Golan. The project’s expected revenues are NIS 12 M. For more on wind farm projects in the occupied Syrian Golan, read Who Profit’s flash report Greenwashing the Golan
Through its subsidiariy, Poldmir, the company is a certified contractor of the Israeli Ministry of Defense (IMOD). The company conducted construction, development and supply of systems for IMOD projects. In 2021, the company's revenues from the IMOD amounted to NIS 73,445,000.
In 2021, Lesico Process Piping was contracted by the Israeli Prison Service (IPS) to operate and maintain the sewage treatment plant for the Nafha-Ramon prison where Palestinian political prisoners are incarcerated. Also in 2021, the company was contracted by the IPS in a contract worth NIS 115,888 for water and sewage systems project.
The company's subsidiary, Tibho- Land Management Company, operates a plant in the settlement of Kdumim in the occupied West Bank.
The company was also involved in the laying of the upper railroad for the A1 train. The A1 train route crosses the Green Line into the occupied West Bank in two areas. For more on the train, read Who Profits flash report Crossing the Line: The Tel Aviv Jerusalem Fast Train (A1).
Lesico built sections of the border walls with Egypt and Jordan, the wall around the besieged Gaza and the separation wall in the occupied West Bank to the total value of over 100 million NIS.
In January 2018, Who Profits submitted a Freedom of Information request to the Israeli Ministry of Defense regarding service providers to the checkpoints. In a response received on 14 April 2018, the IMOD confirmed Lesico provides maintenance services for gas and fuel installations in the Kerem Shalom checkpoint.
In 2017, the company established a covered concrete water reservoir with a collection capacity of 50,000 cubic meters located in East Jerusalem mountains area, in the occupied Palestinian territory. The project included laying a 980 meters water pipeline with a paving of an 1,100 meters access route to the pool. This project was carried out in partnership with Mekorot.
Ownership
Lesico is publicly traded on the Tel Aviv Stock Exchange under the ticker symbol LSCO.
Major shareholders include: Jechiel Leshman (22.95%), Reuven Yariv Leshman (8.94%), The Phoenix Holdings Ltd (8.81%), Meitav Investment House Ltd (6.91%), Eran Sidi (5.85%), Ayalon Investment House Ltd (5.67%)
CEO: Eyal Leshman who holds 4.96% in the company.
Chairman: Yehuda Leshman, who holds 19.98% in the company.
Subsidiaries
Poldmir construction (1986) Ltd; Lesico (Ghana) Limited; Lesico Infrastructures SRL; L.M. The Railroad Services Company Ltd; Lesico Proccess Piping Ltd. (87.5%); Gat HaPlastic 2020 Ltd. (87.5%); Lesico US Inc. (85%); A1 Pavement Markings LLC (85%); TMI Services Inc. (80.75%); Ormidan Ltd. (51%); Lesico Technologies Ltd. (51%); Tibho- Land Management Company (51%); Electra Poldmir Project (50%); Poldmir Afcon Partnership (50%); E.L.O.- Environment Infrastructures Ltd. (50%); Lesico & PMEC JV (50%); Lesico- Zoko Joint Venture (50%); Solel Boneh- Poldmir Partnership for Projects (47%); Project Buildings and Industries (47%).
Partners
Enlight Renewable Energy, Afcon Holdings, Mekorot, Housing and Construction Holding Co. (Shikun & Binui Group), Electra, Zoko Enterprises, Eco Wave Power.
* This section refers to the company's general business partners