Olivia

Tnuva is relocating its 51%-owned "Rico" pasta factory to the Rehovot dairy complex, following the closure of the "Olivia" spreads plant. The project involves an investment of approximately 30 million shekels.

The company has decided to close the production line at the Olivia factory in Rehovot and will import products from abroad under the brand. In recent years, Olivia has faced growing competition, led by the "Al HaLechem" brand.