from the April 2009 issue

Netafim wins massive ethanol crop contract

Netafim Ltd. has won an exclusive contract with Etanalc SA in Brazil to supply irrigation equipment for a 750,000-acre cane sugar plantation located in the Tocantins State in central Brazil.

Netafim's share of the project is worth an estimated $150 million. The first stage of the ethanol project is worth more than $900 million. Netafim has a subsidiary in Brazil.

Netafim agronomists and engineers will serve as advisors through the first stage of the project, which is slated to be completed in 2011.

Netafim recently signed a $22 million contract to supply irrigation equipment to Maple Energy plc (AIM: MPLE) for an 80,000-hectare sugar cane plantation in northern Peru. The crop will be used to produce electricity and ethanol.

Reprinted from the Israel High-Tech & Investment Report April 2009

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