Nahum Galmor

Parts of this article seem out of date as of 2013 .
Please help to research and insert the missing information .

Nahum Galmor (born August 17, 1948 in Bucharest , Romania ) is an Italian-Israeli entrepreneur based in Switzerland. Since 2003 he has owned the Dutch company Thermphos , which it claims to be the world's largest producer of phosphorus chemicals.

Career

Nahum Galmor studied economics in the USA and did a Master of Business Administration . He has been in the chemical industry for around thirty years. Among other things, he worked as general director for Transphos, a subsidiary of Israel Chemicals , the leading chemical company in Israel, and as director for the South African company Indian Ocean Fertilizer. At the beginning of his career he was Vice Consul of the Israeli Consulate General in New York.

In 2002 Galmor took over the Kazakh company Kazphosphate LLC, the largest phosphate producer in the former Soviet Union.

In 2003 Galmor and other private investors took over Thermphos, a former subsidiary of the German chemical company Hoechst AG .

Under Galmor, Thermphos plays a leading role in consolidating the international phosphor market. As chairman of the supervisory board, he strategically expanded Thermphos through various company takeovers and brought the raw material supplier Kazphosphate and the raw material processor Thermphos together economically. This turned out to be very profitable for both companies:

Kazphosphate increased sales from $ 26 million in 2000 to $ 183 million in 2006. Thermphos tripled sales from 237 million euros (1999) to 714 million euros (2008) and made an after-tax profit of 124 million euros (1999: 4 million euros).

In 2007, Galmor sold Kazphosphate to Nurlan Bisakov for an estimated $ 120 million .

controversy

Indictment in Israel

Galmor was (in October 2009 in Israel because of "fraudulent obtaining of goods or benefits" English fraudulently Obtaining goods or benefits charged). He is accused of having deceived Thermphos shareholders together with the controversial Israeli-Russian businessman Arcadi Gaydamak .

Tel Aviv prosecutors claim that Galmor only acted as a straw man for Gaydamak in negotiations to purchase the Thermphos and that he spent $ 50 million from Gaydamak as his own money. Gaydamak concealed his identity because he knew that Thermphos shareholders would not sell him the company because of his reputation.

Galmor denies the allegations. He says he never withheld from shareholders that Gaydamak initially belonged to the group of investors. When it became apparent that Gaydamak's financial participation could become a problem, he looked for and found other financing.

The Israeli criminal case is considered controversial in the media: According to the Dutch daily NRC Handelsblad , the Israeli public prosecutor's office is conducting the proceedings on thin evidence and has no evidence that the money for the purchase of the Thermphos actually came from Gaydamak.

The Israeli business newspaper The Marker criticized the investigation against Gaydamak as politically motivated and wrote that important witnesses and former Thermphos shareholders had not been questioned by the public prosecutor.

Chemical exports to Iran

In October 2009, the Dutch tabloid De Telegraaf linked Galmor and Thermphos with the sale of chemical weapons: According to this article, the Israeli secret service tried to prevent the sale of the Thermphos to Galmor because it feared that Thermphos could be used for the Chemical products trade with Iran are abused. In response to a parliamentary question on January 27, 2010, however, the Dutch Justice Minister removed any suspicion that Thermphos might have produced or sold components for the manufacture of chemical weapons. There is no evidence that Thermphos even supplied chemical products to Iran.

swell

1. ↑ [1] (PDF; 543 kB) Memorial. Journal Officiel du Grand-Duché de Luxembourg. No 2547 of December 30, 2009
2. ↑ www.thermphos.com ( Memento of the original from December 18, 2012 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. 
3. ↑ [2] (PDF; 1.9 MB) Kazakhstan supplement to Forbes, June 19, 2006
4. ↑ - ( Memento of the original from September 4, 2012 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Mbendi Information Services 
5. ↑ Archived copy ( memento of the original from September 12, 2012 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. The Marker, December 10, 2009 
6. ↑ Kazphosphate ( Memento of the original from August 10, 2010 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. 
7. ↑ "Kazakhstan Phosphate Producer Buys Thermphos." ( Memento of the original from November 3, 2012 in the Internet Archive ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. , Chemical Week. February 19, 2003 
8. ^ "New ownership boosts Thermphos: beefing up its specialties portfolio" , Chemical Week, April 6, 2005
9. ↑ "Thermphos International BV Mergers and Acquisitions"
10. ↑ Page no longer available , search in web archives: “Thermphos is taken over by group of private investors” , Chemical Market Reporter, February 17, 2003
11. ↑ [3] (PDF; 1.9 MB) Kazakhstan supplement to Forbes, June 19, 2006
12. ^ Dutch Company Information, December 18, 2009
13. ↑ [4] Interfax, August 17, 2007
14. ↑ "Gaydamak, Poalim execs indicted for money laundering." Haaretz. 4th October 2009
15. ↑ Page no longer available , search in web archives: "Thermphos' response to recent publications" Thermphos website
16. ^ "Dutch company entangled in Israeli fraud case." ( Memento from March 28, 2010 in the Internet Archive ) NRC Handelsblad. February 17, 2010
17. ↑ Archived copy ( memento of the original from September 12, 2012 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. The marker. December 10, 2009 
18. ↑ "Fosforfabriek valt in handen maffia" , De Telegraaf. October 31, 2009
19. ↑ [5] "Reply to the report that fosforfabriek thermpos uit Vlissingen via een electricity in hand is from the Russian armor dealer Arcadi Gaydamak withered now is aangeklaagd by the Israeli openbaar ministry."