Gadot signs an agreement with Tate & Lyle to build a new sugar refining plant in Israel  

Gadot Biochemical Ind., Israel, has signed an agreement with Tate & Lyle (T&L), UK, to establish a joint enterprise for building and operating a new plant for raw sugar refinement.  The plant will be built at Gadot's premises in Haifa Bay, Israel.  This joint enterprise will be operated by a private company to be called Tate & Lyle Gadot Manufacturing Ltd. (TALGAM( and its shares will be held 35% by Gadot and 65% by Tate & Lyle.   Estimated set-up costs of the plant will be approximately US$18 million.

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