Alliance Tire Company’s Shares Grew at 160% in 2005

The positive business results of Alliance Tire Company have been rewarded by a vote of confidence from investors’ side. The company is currently producing around 120,000 agricultural tyres at around US $ 42 million a year and has been the second best Israeli stock market investment of the year. Company share grew at 160% from the beginning of 2005.

The Alliance Tire Company is a publicly traded company on the Tel Aviv Stock Exchange. The company employs 870 people and its annual turnover is approximately US$130 Million. The company has more than 50 years of experience in production and marketing of a wide range of agricultural, multi-purpose and industrial tyres for export (which represent 75% of the turnover), and passenger and light truck tyres for the local market (25% of the turnover).