Israeli forging industry is a relatively small, but efficient and competitive industry whose success can be attributed to its innovative spirit, policy support, and high-quality workforce. This article will delve into how the Israeli forging industry has managed to gain a leading position in the global market and provide some real-life examples and policy-supporting evidence.
- Government policy support
The Israeli government encourages the development of high-tech and durable industrial sectors. The government provides extensive support in national strategic plans, tax incentives, and financial sponsorship. For example, the government has implemented measures that enable Israeli export insurance companies to provide cheap insurance for Israeli exported goods to assist businesses in managing risks and expanding market share. The government also provides tangible support through loan programs, funding, and training plans.
- Innovation and professional technology
The Israeli forging industry has always been committed to innovation and improving production technologies and product quality. This is an important factor that has given them a competitive edge in the market. For example, an Israeli forging company developed a miniature hydraulic valve that can operate at extremely low temperatures for satellite propulsion systems. This valve has excellent high-pressure resistance and fast response speed, becoming one of the company’s most successful products.
- High-quality workforce
The employees in the Israeli forging industry are highly skilled, experienced, and possess innovative abilities. Their expertise and ideas play a decisive role in the development of businesses. Moreover, the Israeli labor market is usually flexible enough to adapt to changes in production demand.
- Real-life examples
The Israeli forging industry has achieved some growing success stories. For example, Edeltech’s products are mainly targeted at the aerospace, defense, and medical device industries and have received certification from multiple countries. Another real-life example is that Kishon’s products have been widely used in the automotive, military, electronics, and medical fields.
Conclusion
All of the above are key factors that have enabled the Israeli forging industry to gain a leading position in the global market. Despite its small size, the Israeli forging industry remains highly competitive thanks to government support, professional technology, and high-quality workforce. In the future, the government will continue to promote innovation and development in the manufacturing industry, which will be beneficial for the entire country and the sustainable development of the forging industry.
