Address: 8 Hata’as St., Ramat Gan 52512
hintraco Ltd. is one of Israel’s leading commodity importing and marketing companies. Product lines focus on sugar, wheat grains for human consumption and animal feed, corn, various types of seeds, sesame, oil, pulses and more. Turnover of Shintraco Ltd. in 2011 was $140,000,000. Turnover of subsidiary Sar Bar Grain Ltd. was $103,000,000. Total consolidated turnover came to $243,000,000.
The company was founded in 1991 by Shalom Hatuka and Proalim S.A., a subsidiary of Cetaco S.A., Geneva., an international company dealing in global trading in physical commodities. The relationship between Mr. Hatuka and the Swiss company was created by the great confidence built up between both sides over many years of joint work before its establishment, and identifying the potential in an emerging economy like Israel, and consequently its market as a credible market with potential to grow rapidly.
The cancellation of limitations on import duties on US wheat in the early 1990s contributed greatly to free competition and opened up new import markets such as Russia, Ukraine, Kazakhstan and others as a source of a cheaper wheat at the same quality. Shintranco positioned itself correctly following these changes and growing rapidly, while striving to maintain close connections to the global and domestic markets. Competitive prices, immediate service and above all credibility in all conditions, were the core values of the company and support it until today in relations with both customers and suppliers.
Shintraco is a sound company with a well established reputation overseas in relations with suppliers and international companies abroad and in Israel, with first rate customers and the major banks.
Customers include the largest food enterprises in Israel, flour mills, animal feed mills, marketing chains and wholesalers.
In April 2009, Shintraco significantly deepened the scale of its activities in the area of sugar by appointing Ariel Dazent as manager of the Sugar Department. He has a long track record in the field having managed sugar commerce for Tate & Lyle Israel Ltd. and was also employed for a long period by the parent company headquartered in London. Ariel is a member of the Daznet family which has led the sector since the first years of privatization by the government in the mid-1970s.
Through his skill in the field and his connections in the sector and with overseas bodies, he has leveraged the company and positioned it as a leading company in the area. Today, sugar is the most significant commodity in the company’s range of products.
In 2012, Shintraco together with several flour mills established Yesh Bar Grains Ltd., which won an Agriculture Ministry tender to market and store wheat for emergency situations. Shintraco has a 66.66% stake in the company while the flour mills hold the balance of 33.33% of the joint company. This partnership has increased the company’s market share and enable it to leverage activities in the field.
Shintraco is a company that is growing organizationally and is known for being able to identify opportunities at the right time and apply them efficiently within a short time span, while maintaining a high level of performance in all market conditions, even the most extreme circumstances, as has been the case over the past two years in the commodities trading sector.
The company’s strong financial infrastructure, major credibility with customers, and long term commitment in all its relationships, position Shintraco Ltd. in the forefront of endeavors in all its areas of activity.