# Avgol sells Barkan factory, plans to concentrate production in Dimona

Avgol signed an agreement to sell its 30,000 sqm factory in Barkan, Israel for NIS 52.5 million ($15 million), with a lease-back for two years. The six production lines remain under Avgol's ownership. Completion expected by end of 2017.

- Type: Closure
- Announced: 2017-07-06
- Where: Barkan, Israel, Israel
- Value: $15.0M (52.5M ILS)
- Status: announced
- Products: nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Avgol](https://endata.com/companies/25407.md)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/avgol-sells-barkan-factory/), 2017-07-06: "Avgol has reported to the Tel Aviv Stock Exchange that it had signed an agreement for the sale of its rights in its 30,000 square meter factory in Barkan, Israel for NIS 52.5 million ($15 million)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.