The new area is designated for construction of an advanced configuration for electrical tests for a large customer in the field of IoT (Internet of Things). The configuration will include advanced electrical and functional tests and will employ some 20 additional employees in this plant. In this way the Nistec site in Petach Tikva will reach some 3500 m2 and some 150 employees.

Simultaneously, the company notified that Nistec House North in Maalot which it constructed at an investment of 30 million Shekels, will be opening during the coming month and the company has already started the transfer of equipment to the new building.

Thereby the electronic production contractor will reach 4 production sites in Israel (Nistec Center, Eltek, Nistec North, Nistec Golan) and its production site in Germany (Kubatronik) to a total production area of some 23,000 m2 with some 880 employees.

“The global electronics market is constantly changing its structure” said Yitzhak Nissan, CEO of the Nistec Group “We anticipate that this trend will continue and therefore we are adapting the planning and production activities pursuant to customer requirements and the future market needs”.