Ashtrom Group Ltd

Stock Symbols
TASE
:
ASHG
company headquarters
Israel
ISSUES

One of Israel's largest construction and real estate companies. It has constructed housing units and large-scale infrastructure in illegal Israeli settlements, as well as parts of Israel's separation wall. It also operates a quarry and concrete plant in the occupied West Bank.

Ashtrom Group is one of Israel's largest construction and real estate companies. Since the early 1970s, when it took part in constructing Israel's first illegal settlement neighborhoods in occupied East Jerusalem, Ashtrom Group has routinely facilitated the existence and expansion of Israel's illegal settlement enterprise. According to Who Profits, the company and its subsidiaries—including Ashdar Building Company—have constructed thousands of housing units in at least 11 illegal settlements in the occupied West Bank and Golan Heights.

Ashtrom also builds large-scale infrastructure in service of Israel's illegal settlements. For example, the company built a train depot and supplied materials for the Jerusalem Light Rail, a rail system that cuts through occupied Palestinian land and connects illegal Israeli settlements in occupied East Jerusalem with the western part of the city. In addition, company subsidiary Ashdar Building Company develops, builds, and leases out industrial facilities and office space in illegal Israeli settlements.

In addition, Ashtrom owns and operates the Adumit quarry in Misdhor Adumim, as well as a concrete factory in Atarot, two illegal settlement industrial zones in the occupied West Bank.

The company also contracts with the Israeli Ministry of Defense, supplying the agency with construction materials for military checkpoints at Israel's separation wall. Similarly, Ashtrom provides materials to and carries out construction work for the Israel Prison Service. As documented by Who Profits, the company has carried out construction work at Irael's Hasharon, Ofer, and Sharonim Prisons, all of which hold Palestinian political prisoners.

Ashtrom Group was included in the 2020 United Nations database of companies doing business in illegal Israeli settlements in the occupied Palestinian territory.

Economic Activism Highlights
  • In November 2020, San Francisco State University's Associated Students passed a resolution calling on the university to divest from companies that do business in illegal Israeli settlements, including Ashtrom Group. The resolution cited the 112 companies included in the United Nations' 2020 database of companies doing business in illegal Israeli settlements in the occupied Palestinian territory.
  • In October 2020, Fresno State University's student government voted in favor of a divestment resolution calling on the university to divest from companies that do business in illegal Israeil settlements, including Ashtrom Group. The resolution cited the 112 companies included in the United Nations' 2020 database of companies doing business in illegal Israeli settlements in the occupied Palestinian territory.
Unless specified otherwise, the information in this page is valid as of
25 August 2022