“This is an unfounded [penalty], which may lead to the closure of the factory,” warned the head of the Association of Manufacturers in Israel.
The American branch of an Israeli company manufacturing critical components for the Iron Dome was hit with crippling sanctions by the U.S. government, which may lead to the collapse of the organization.
Finkelstein Metals, which manufactures the metal bars used in Iron Dome batteries, is the only Israeli company that produces brass, bronze, and copper alloy products, according to a Maariv report.
The company, which is based near the northern Israeli city of Afula, also has a factory in the state of Illinois.
The complaint against Finkelstein Metals is centered on the company’s location in a specially designated industrial zone in Israel, where it receives subsidies for operations from the Israeli government.
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The American branch of an Israeli company manufacturing critical components for the Iron Dome was hit with crippling sanctions by the U.S. government, which may lead to the collapse of the organization.
Finkelstein Metals, which manufactures the metal bars used in Iron Dome batteries, is the only Israeli company that produces brass, bronze, and copper alloy products, according to a Maariv report.
The company, which is based near the northern Israeli city of Afula, also has a factory in the state of Illinois.
The complaint against Finkelstein Metals is centered on the company’s location in a specially designated industrial zone in Israel, where it receives subsidies for operations from the Israeli government.
More
'Puzzling decision' - US sanctions Iron Dome company | World Israel News
'This is an unfounded [penalty], which may lead to the closure of the factory,' warned the head of the Association of Manufacturers in Israel.
worldisraelnews.com