Gaon Group Ltd. (GAGR.TA)
Gaon Group Ltd. operates in the Steel industry of the Basic Materials sector, headquartered in Or Yehuda, TA, IL. The stock last traded at $1677.00, down 2.27% on the session, giving a market capitalisation of $763.7M. Its beta of -0.05 implies it has historically moved less than the broad market.
Gaon Group Ltd. is an Israeli firm, established in 1951, that focuses on developing, manufacturing, and distributing a wide array of pipes, valves, hydrants, and associated components. Their extensive product portfolio includes both steel and plastic pipes, tailored for essential infrastructure applications such as water supply, sewage and wastewater systems, fuel and gas networks, and various construction projects. The company also engineers sophisticated flow control mechanisms, including butterfly, gate, and diaphragm valves, as well as fire hydrants. These are crucial for diverse sectors like water and wastewater management, irrigation systems, desalination plants, air cooling, firefighting, and industrial processes. Additionally, Gaon Group supplies solutions for water measurement. Further expanding its offerings, the company provides hot-dip galvanization services for steel products and manufactures household and infrastructure piping, ducts, and profiles. They also produce ball-type faucets and other plumbing fixtures. Operating from its base in Or Yehuda, Israel, the company was known as Middle East Tube Company Ltd. until it rebranded to Gaon Group Ltd. in March 2017, and it functions as a subsidiary of B. Gaon Holdings Ltd.
Gaon Group Ltd. is most often compared with the following Basic Materials names: