According to the report, Strauss Water’s pro-forma sales (assuming that the Tami4 business had been fully consolidated from the beginning of 2009) amounted to NIS 279m in the first nine months of 2010 compared to NIS 238m last year, an increase of 17.1%.
In the third quarter, Strauss Water sales totaled NIS 107m compared to NIS 93m in the corresponding period last year, an increase of 15.5%.
In a statement accompanying the Strauss Group financial announcement, Ofra Strauss, chairperson of Strauss Group, said: “Strauss Group continues to grow, with further investment in the development of future growth drivers of the group … and entering China using Strauss Water as part of our vision to become a global water company.”
The Strauss Group announced in October 2010 that a partnership agreement had been signed between Strauss Water and Chinese appliances giant, the Haier Group. The 50/50 partnership will concentrate on drinking water for the home in China. The joint venture will purchase the products from Strauss Water and will receive distribution, sales and servicing services from Haier Group.
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