ICEN articles from April 1991

ICEN archives from April 1991

The major success for Hapoalim. (Bank Hapoalim earnings)
April 5, 1991... Major Success for Hapoalim If you keep your head when all about you are losing theirs, then you deserve an accolade. Of the five major banks, only Bank Hapoalim registered increased profits in 1990. The 1990 financial statements of Bank...

Atari threatens invasion. (Atari Computer Corp.)
April 5, 1991... Atari Threatens Invasion Discussions are under way between the Industry and Trade Ministry and Jack Tramiel, majority shareholder of the U.S. computer firm Atari to set up a facility in Israel. Atari manufactures personal computers and...

Import liberalization. (Israel)
April 5, 1991... Import Liberalization The inter-ministerial committee, which includes Moshe Nissim, Yitzhak Moda'i, David Magen and Dan Meridor, has set September 1 as the date for removing non-tariff barriers (NTBs) on imports from "third countries", i.e....

Profits down at Bank Leumi. (Bank Leumi le-Israel)
April 5, 1991... Profits Down at Bank Leumi Bank Leumi ended 1990 with a net profit of NIS 74 million compared to NIS 181 million in 1989 -- a decrease of 59 percent. Provision for doubtful debts totaled NIS 475 million versus NIS 479 million in 1989, while...

IAI reports sales increase. (Israel Aircraft Industries Ltd.)
April 5, 1991... IAI Reports Sales Increase Sales of Israel Aircraft Industries in 1990 totaled $1.42 billion versus $1.28 billion in 1989 - an increase of more than 10 percent. After-tax profits in 1990 amounted to $12.9 million compared to $11.8 million in...

HP converting software to Russian. (Hewlett-Packard Israel)
April 5, 1991... HP Converting Software to Russian Meir Raz, marketing director of Hewlett Packard in Israel, reports the company has undertaken to convert software and some hardware for operation in Russian and other East European languages. The work is only...

Profits down at UMB. (United Mizrahi Bank Ltd.)
April 5, 1991... Profits Down at UMB United Mizrahi Bank ended 1990 with a profit of NIS 6.1 million, a drop of 42 percent compared with 1989. Net return on equity reached its lowest point ever - 1.1 percent. Effectively net profits in 1990 were at the same...

Sharnoa systems to Spain. (Sharnoa Electronics, semiconductor chip processing control system)
April 5, 1991... Sharnoa Systems to Spain Sharnoa Electronics has signed an export agreement worth $1 million with its Spanish distributor in Barcelona. According to the agreement, Sharnoa will supply the agent in Spain with eight sophisticated chip...

Oil slick killer. (Haim Forgash invention)
April 5, 1991... Oil Slick Killer A new laboratory-tested Israeli product is currently being evaluated by a number of international companies. The product soaks up oil slicks and repels sea water and was developed by Haim Forgash, professor of chemistry at...

New economic forecast. (Israel)
April 5, 1991... New Economic Forecast The Gross National Product in 1991 is expected to increase at a smaller rate than predicted, while unemployment is expected to grow, according to macro-economic forecasts by economists at the Federation of Israeli...

Strong earnings for Clal. (Clal, Israel, Ltd.)
April 5, 1991... Strong Earnings for Clal Clal ended 1990 with a profit of NIS 35 million compared to NIS NIS 300,000 in 1989. Conglomerate sales totaled NIS 1.9 billion in 1990 versus NIS 2.9 billion in 1989. The decrease in sales stems from a number of...

$1.75 million U.S. pizza order for Galilee Olives. (Agriculture)
April 5, 1991... $1.75 Million U.S. Pizza Order for Galilee Olives Galilee Olives, which was recently acquired by the vegetable and citrus processor Prinir, has received a $1.75 million order for 600 tons of black olives from a pizza producers organization in...

No profit in wine grapes. (Israel) (Agriculture)
April 5, 1991... No Profit in Wine Grapes Viticulturists in 1990 were forced -- for the second successive year - to sell their grapes to the vintners at a loss. The Israel Wine Institute reports that grape yields in 1990 reached 40,384 tons for which growers...

Al Nir grounded. (Al Nir Agricultural Co-op Society, crop-spraying aircraft and helicopters) (Agriculture)
April 5, 1991... Al Nir Grounded Al Nir Agricultural Co-op Society has decided to ground 38 crop-spraying aircraft and helicopters. The decision is due to reductions in spraying areas, cuts in water allocations and drastic cutbacks in cotton growing. In...

Agrexco to market citrus. (Agrexco Agricultural Export Co.) (Agriculture)
April 5, 1991... Agrexco to Market Citrus In an about turn, agriculture Minister Rafael Eitan has decided to permit Agrexco Agricultural Export Co. to export citrus fruit despite opposition of some ministry officials who claim this represents an extension of...

IAI/TRW unmanned flight test. (Israel Aircraft Industries Ltd., TRW AIrcraft Components Group, UAV-SR, unmanned aerial vehicle system) (Aircraft Industry)
April 5, 1991... IAI/TRW Unmanned Flight Test Israeli Aircraft Industries (IAI) and TRW delivered its short range unmanned aerial vehicle (UAV-SR) systems to the U.S. government for a competitive flight test program. Acceptance by the U.S. government took...

F-5 to undergo operation. (F-5, fighter plane) (Aircraft Industry)
April 5, 1991... F-5 To Undergo Operation Israel Aircraft Industries' Bedek division plans to install a new Israeli-manufactured radar system in the nose of the old F-5 fighter plane. The F-5, manufactured by Northrop, is still in use by many air forces....

Return ticket for TWA. (Trans World Airlines Inc. resumes flights to Israel) (Aviation)
April 5, 1991... Return Ticket for TWA The U.S. airline TWA is accepting bookings for flights to Israel as of May 1 and for outgoing flights from Tel Aviv, as of May 2. Sources say the company will resume flights on these dates only if its branch in Tel Aviv...

Direct to Johannesburg. (South African Airways to have direct flights from Tel Aviv, Israel to Johannesburg, South Africa) (Aviation)
April 5, 1991... Direct to Johannesburg South African Airways is expected to receive permission to fly directly from Tel Aviv to Johannesburg over African airspace. This means an eight hour cut in the length of flight time. SAA currently flies through Europe...

Air agreement with Bulgaria. (Israel) (Aviation)
April 5, 1991... Air Agreement with Bulgaria Transportation Minister Moshe Katsav recently signed a new Israel-Bulgaria air agreement in Sofia. Katsav also discussed transportation of Soviet immigrants to Israel via Bulgaria by El Al and Balkan Air, the...

Unofficial Aeroflot flights. (1990 flights to Israel) (Aviation)
April 5, 1991... Unofficial Aeroflot Flights Even though the Israel-Soviet Union air route did not officially exist, Aeroflot, the Russian airline flew 56 flights to Israel in 1990. The Civil Aviation Authority statistics show Aeroflot carried 2,687...

Mishkan reaps immigration profits. (Mishkan Hapoalim Mortgage Bank) (Banking)
April 5, 1991... Mishkan Reaps Immigration Profits Mishkan Hapoalim Mortgage Bank earned net profit of NIS 12 million in 1990 compared to NIS 11.3 million in 1989--an increase of 6 percent. Equity at the end of the year totaled NIS 79.5 million, an increase...

Industrial bank turnaround. (Industrial Development Bank) (Banking)
April 5, 1991... Industrial Bank Turnaround After two years of losses amounting to NIS 143 million, the Industrial Development Bank registered a profit of NIS 11.5 million in 1990. The profit was achieved despite a strict policy concerning provisions for...

Tefahot registers profit increase. (Tefahot Israel Mortgage Bank) (Banking)
April 5, 1991... Tefahot Registers Profit Increase Tefahot Israel Mortgage Bank reported a 1990 net profit of NIS 36 million compared to NIS 31.2 million in 1989 -- an increase of 15.4 percent. Return on equity was 14.9 percent, unchanged from 1989. A major...

American Israel Bank profit slump. (Banking)
April 5, 1991... American Israel Bank Profit Slump American Israel Bank, a member of the Bank Hapoalim group, ended 1990 with a net profit of NIS 4.06 million compared to NIS 8.69 million in 1989 -- a decrease of 53 percent. This drop is in addition to a...

IDB worth $1 billion. (Industrial Development Bank) (Banking)
April 5, 1991... IDB Worth $1 Billion U.S. brokerage firm Merrill Lynch will soon submit its valuation of the IDB group to M.I. Holdings, the company responsible for selling government-owned bank shares. After receiving the valuation, said to total $1...

New investment fund. (Leumi and Company Investment Bankers) (Banking)
April 5, 1991... New Investment Fund Leumi & Co. Investment Bankers, a Bank Leumi subsidiary, has completed preparations to launch a $50 million new type of investment. Originally the fund was to be open to a large number of investors but it was finally...

Rotem profits increase. (Rotem-Amfert) (Chemicals)
April 5, 1991... Rotem Profits Increase The Rotem-Amfert group, a wholly-owned subsidiary of Israel Chemicals, registered pre-tax profits of $6.5 million in 1990 compared to $4.2 million in 1989 -- an increase of 55 percent. After-tax profits reached $4.8...

No red ink at Tambour Paints. (Tambour Paint and Chemical Industries) (Chemicals)
April 5, 1991... No Red Ink at Tambour Paints Tambour Paint & Chemical Industries registered a profit of NIS 12.74 million in 1990; 75 percent of Tambour shares are held by Discount Bank Investment Company with the balance owned by Clal Industries. Net...

Guilini Chemie sales, profits up. (Chemicals)
April 5, 1991... Guilini Chemie Sales, Profits Up The German subsidiary of Israel Chemicals -- Guilini Chemie -- ended 1990 with a net profit of DM 10 million, an increase of 42 percent over the previous year. Sales in 1990 increased by 7 percent over 1989,...

Pazchem deal closed. (Chemicals)
April 5, 1991... Pazchem Deal Closed A group of investors headed by Amir Makov has finalized the acquisition of Pazchem, manufacturers of industrial and household chemicals. The group paid $250,00 dollars plus 20 percent of net profits over the next three...

Bezeq issue. (Communications)
April 5, 1991... Bezeq Issue Joseph Nitzani, director of the Government Companies Authority, has asked stock exchange underwriters to submit offers to underwrite a 16 percent share issue of Bezeq, estimated at NIS 350 million. The issue is scheduled for May...

Elitec sales soar. (Elitec Industries) (Computers)
April 5, 1991... Elitec Sales Soar Elitec Industries reported a turnover of NIS 5.1 million in 1990, an increase of 240 percent over 1989; adjusted profit totaled NIS 312,000. Elitec, which was purchased by Formula in 1989, is a holding company for...

Contracts for Malibu. (Israel. Ministry of Housing and Construction contract, Kiryat Gat, Israel apartments) (Construction)
April 5, 1991... Contracts for Malibu The Malibu construction company has signed a contract with the Ministry of Construction and Housing to build 769 apartments in Kiryat Gat; the contract is valued at NIS 80 million. Malibu is building an additional 156...

Sharon's bulldozer stuck in the mud. (Israel. Ministry of Housing and Construction) (Construction)
April 5, 1991... Sharon's Bulldozer Stuck in the Mud An internal report prepared by the Finance Ministry says the Ministry of Construction and Housing is behind schedule both in developing and selling sites for new immigrant housing. The...

Prefab saturation. (Israel. Ministry of Trade and Industry commercial policy) (Construction)
April 5, 1991... Prefab Saturation The investment center of the Ministry of Industry and Trade has decided it will soon stop approving additional investments for prefabricated housing since it considers the field is saturated. Many requests to set up plants...

Builders threaten construction halt. (Federation of Contractors and Builders, Israel) (Construction)
April 5, 1991... Builders Threaten Construction Halt The Federation of Contractors and Builders has threatened to halt construction if a solution to the shortage of manpower is not found, according to Director Amos Bar-Am. Contractor Yisrael Ben Yakar said...

$189 million sales for Elta. (Elta Electronics Industries Ltd.) (Defense and Security)
April 5, 1991... $189 Million Sales for Elta Elta Electronic Industries, a subsidiary of Israel Aircraft Industries, registered pre-tax profits of NIS 27.5 million in 1990, a drop of NIS 2.3 million from 1989 earnings. IAI has recently been examining the...

Sharp drop in diamond exports. (Israel) (Diamonds and Gems)
April 5, 1991... Sharp Drop in Diamond Exports Diamond exports fell to $150 million in March, compared with $250 million for the parallel 1989 period. Unsold diamonds returned from abroad also reached reached a record high of $130 million. This is attributed...

Eitam buys 26 percent of Orlil. (Eitam Eretz Israel Advanced Industries) (Electronics)
April 5, 1991... Eitam Buys 26 Percent of Orlil Eitam Eretz Israel Advanced Industries, whose shares are traded on the Tel Aviv Stock Exchange, has paid NIS 2.34 million for 26 percent shares of subsidiary Orlil, a manufacturer of night vision equipment....

Elbit insists on El Op control. (Elbit Computers, El Op Electro Optics Industries) (Electronics)
April 5, 1991... Elbit Insists on El Op Control Negotiations for the sale of El Op Electro Optics Industries to Elbit Computers have been stalled due to the refusal of the Federman family to sell their holdings in El Op. El Op is a subsidiary of Tadiran...

Galtronics Finnish order. (Electronics)
April 5, 1991... Galtronics Finnish Order Galtronics, a leading manufacturer of antennas for cellular phones and communications equipment, has received a $1 million order from a high-tech company in Finland. The Finnish order brings the total value of orders...

DPA in Japanese joint venture. (DPA Group's Precision Measurement System Co., SpeedFam Company Ltd.) (Electronics)
April 5, 1991... DPA in Japanese Joint Venture Precision Measurement System Co., the Arizona subsidiary of the Tel Aviv-based DPA Group, announced a new joint venture to be formed with SpeedFam, a Japanese company with subsidiaries in Taiwan, India and...

Motorola signal processor upgraded. (Motorola Israel Semiconductors Ltd.'s DSP 96002, signal processor) (Electronics)
April 5, 1991... Motorola Signal Processor Upgraded A new version of DSP 96002 signal processor, originally developed by Motorola Israel Semiconductors has been announced by the firm. The clock rate has been increased from 33MHz to 40MHz and performance...

Oshap profit drop. (Oshap Technologies Ltd.) (Electronics)
April 5, 1991... Oshap Profit Drop Oshap Technologies, whose shares are traded over-the-counter in New York, ended 1990 with a net profit of $2.9 million compared to $3.1 million in 1989. Sales in 1990 totaled $39.8 million, an increase of 8.9 percent over...

Ophir Optronics goes public. (Ophir-Aryt Optronics Ltd.) (Electronics)
April 5, 1991... Ophir Optronics Goes Public Ophir-Aryt Optronics is about to become a public company through its first flotation on the Tel Aviv Stock Exchange. The company is offering 25 percent of its share equity to bring in $2 million. The...

Elscint compliance. (with Israel Standards Institute international standards requirement) (Electronics)
April 5, 1991... Elscint Compliance Elscint is the first Israeli company recognized as complying with the requirements of international standard ISO 9000 which has been adopted by the Israel Standards Institute (ISI). The standard specifies requirements for...

Capital for Luz. (Luz International Ltd.) (Energy and Fuels)
April 5, 1991... Capital for Luz The directors of Luz International recently met in the U.S., and agreed to inject between $10 million and $15 million in the company. Company shares are held by the Bronfman Group -- 19 percent; Alltel of Arizona -- 39...

Giving it away. (Sonol Israel in Israel Ministry of Defense contract) (Energy and Fuels)
April 5, 1991... Giving it Away Sonol Israel has been awarded the tender to supply gasoline to the Ministry of Defense for the next four months, after discounting prices by 33 percent. This represents a loss for the company, since the maximum margin on a ton...

New developments in CAD/CAM. (Technology Training Corp. to hold New Developments in CAD/CAM/CAE for Electronics, conference) (Exhibitions, Conferences, and Seminars)
April 5, 1991... New Developments in CAD/CAM The Technology Training Corporation will hold a three-day course entitled "New Developments in CAD/CAM/CAE for Electronics". The course, which will be presented by Dr. Larry Odess of Israel Aircraft Industries,...

Gardening in Cologne. (Israel Export Institute to subsidize Israeli firms' participation in Cologne, Germany household gardening fair) (Exhibitions, Conferences, and Seminars)
April 5, 1991... Gardening in Cologne The Israel Export Institute will subsidize Israeli firms participating in the Cologne fair on household gardening. The fair, which is considered to be the most important in its field, is scheduled for September 1-3. Dan...

Graphical user interface. (Technology Training Corp.'s Advanced Graphical User Interface and Interactive Presentation Design, workshop) (Exhibitions, Conferences, and Seminars)
April 5, 1991... Graphical User Interface The Technology Training Corporation will hold a special two-day course entitled "Advanced Graphical User Interface and Interactive Presentation Design" at the Sharon Hotel-Herzliya beginning May 8. The course is...

Conference on global warming. (National Academy of Sciences' conference, Israel) (Exhibitions, Conferences, and Seminars)
April 5, 1991... Conference on Global Warming The first scientific conference to be held in Israel since the Gulf war will take place this month; the conference is being organized by the National Academy of Sciences. Professor Ariel Cohen, chairman of the...

South Africa trade mission. (1991 World Trade Mission to South Africa, conference) (Exhibitions, Conferences, and Seminars)
April 5, 1991... South Africa Trade Mission The Israel-South African Chamber of Commerce (ISACC) is organizing a delegation of Israelis to attend the 1991 World Trade Mission to South Africa in June. Participants from Argentina, Belgium, Brazil, Chile, Great...

Increase in exports to Japan. (Israel) (Exports)
April 5, 1991... Increase in Exports to Japan Israeli exports to Japan in 1990 increased by 15.4 percent, totaling $874.6 million; $657.9 million comprised diamonds, precious stones and rare metals. The balance of $216.6 million included livestock and allied...

Bullish exports to Spain. (Israel) (Exports)
April 5, 1991... Bullish Exports to Spain Israeli exports to Spain in 1990 increased by 10 percent, totaling $171 million. Exports to Spain have grown by a factor of six during the past five years, according to the Foreign Trade Administration of the...

Mishor Adumim incentives. (Jerusalem Economic Corp. incentives for new factory construction in Mishor Adumim section, Jerusalem, Israel) (Finance)
April 5, 1991... Mishor Adumim Incentives New plants in the Mishor Adumim industrial zone will receive up to 70 percent discounts in municipal taxes and the Jerusalem Economic Corporation, owners of the site, will not charge rent for the first three months....

Mutual funds to value share issues. (Israeli mutual fund managers, valuation of Israel state-owned companies securities) (Finance)
April 5, 1991... Mutual Funds to Value Share Issues Mutual fund managers are requesting participation in valuations of the share issues of state-owned companies. Fund managers have told officials of the Finance Ministry and the Government Companies Authority...

Mortgages without guarantors. (Bank Leumi Mortgage Co.) (Finance)
April 5, 1991... Mortgages Without Guarantors Bank Leumi Mortgage Co. is offering buyers of large apartments, mortgages without guarantors. The mortgages, at fixed or variable interest, are limited to 25 percent of the price. Previously customers were...

Trade balance improvement. (Israel) (Finance)
April 5, 1991... Trade Balance Improvement If the U.S. dollar continues to appreciate on world financial markets, the trade position of Israel will improve. An internal memo of the Finance Ministry prepared by economist Dov Mishor shows that since the...

A for Atarot. (Jerusalem, Israel's Atarot, industrial zone, classified as Development Area A) (Finance)
April 5, 1991... A for Atarot The ministerial committee for Jerusalem, headed by Prime Minister Yitzhak Shamir, has decided to classify industrial zone Atarot as Development Area A for a trial period of one year. Zones classified as such, benefit from a...

Israeli stocks active in New York. (Israeli corporate securities, New York Stock Exchange) (Finance)
April 5, 1991... Israeli Stocks Active in NY Renewed interest in Scitex shares traded over-the-counter in New York brought share prices up to $27. Scitex shares rose 6 percent for the week, with active turnover reaching some $15 million a day. Etz-Lavud...

Bridging loan for Yakhin. (Yakhin Hakal) (Food, Beverages and Tobacco)
April 5, 1991... Bridging Loan for Yakhin Bridging loans of $3 million given by creditor banks to Yakhin Hakal will enable the company to pay March salaries. The owners of Yakhin Hakal, the Jewish Agency and Hevrat Ha'Ovdim say it is doubtful if the proposed...

More food to U.S. (Israel) (Food, Beverages and Tobacco)
April 5, 1991... More Food to U.S. Exports of food from Israel to the U.S. totaled $240 million in 1990 -- an increase of 20 percent over 1989. Meir Buber. Israel's trade commissioner in New York, says the kosher food market in the U.S., which now exceeds $2...

Titan Benz closure. (Glass and Ceramics)
April 5, 1991... Titan Benz Closure Titan Benz, located in the Negev |development town' of Ofakim and owned by Tel Aviv businessman A. Izhaki, has closed. The company, which employed 25 persons, manufactured ceramic tile mosaics used on building exteriors....

Phoenicia recovery program. (Glass and Ceramics)
April 5, 1991... Phoenicia Recovery Program After lengthy negotiations, management, the workers committee and Yeruham Workers Council have agreed to a recovery program for the Phoenicia glass plant in Yeruham. The agreement calls for the dismissal of 30...

Leasing payment insurance. (Israel Phoenix Insurance Co., H-L Financing Services) (Insurance)
April 5, 1991... Leasing Payment Insurance Israel Phoenix Insurance Co. and H-L Financing Services have reached an agreement for the insurance of unpaid leasing installments. The arragement is intended to solve the problem where a leaseholder's relatives or...

Foreign workers to train unemployed. (Solel Boneh employment of foreign workers) (Labor)
April 5, 1991... Foreign Workers to Train Unemployed Foreign construction workers will be employed at Solel Boneh only on condition they agree to train three unemployed Israelis who wish to learn the construction trade. If Solel Boneh does not fulfill this...

New worker incentives. (Israel) (Labor)
April 5, 1991... New Worker Incentives As of April, the government will participate in the wages of new employees joining the work force of an industrial plant. Incentives of 33 percent (up to a maximum of NIS 1,000) will be paid monthly. The arrangement...

Epilady makes a comeback. (Mepro's Epilady, depilatory appliance) (Litigation)
April 5, 1991... Epilady Makes a Comeback The conflict between Mepro of Kibbutz Hagoshrim, manufacturers of the depilatory appliance Epilady (in some countries called Soft and Easy) and the South African Krok brothers has finally been resolved. The brothers...

Laser losses. (Laser Industries Ltd.) (Medical Equipment)
April 5, 1991... Laser Losses Tel Aviv-based Laser Industries reported a net loss of $2.99 million on sales of $32.94 million in 1990, as opposed to losses of $17.23 million on sales of $28.89 million last year. Net losses for the fourth quarter were $2.99...

Improved results at Cables. (Electric Wire and Cable) (Metal and Electrical)
April 5, 1991... Improved Results at Cables Electric Wire and Cable registered a 35 percent increase in profits for 1990, with earnings reaching NIS 17.4 million; the company's sales turnover grew by 20 percent to NIS 149.3 million. Management attributes the...

DSE sales to $37.5 million. (Desalination Engineering) (Metal and Electrical)
April 5, 1991... DSE Sales to $37.5 Million Desalination Engineering, a subsidiary of Israel Chemicals, exported desalination plants worth $37.5 million during 1990, compared with $30 million in 1989; profits for the year totaled $1.5 million. This is the...

More scrap for Asa. (Reuven Asa to build R.A.S. Metal Ind. in Ashdod, Israel) (Metal and Electrical)
April 5, 1991... More Scrap for Asa Industrialist Reuven Asa, whose conglomerate constitutes the largest steel combine in Israel, is investing $25 million in a new Ashdod facility -- R.A.S. Metal Ind. -- to produce billets from scrap metal. R.A.S., when in...

Hamat exports to Poland. (Hamat Sanitary Fittings and Castings) (Metal and Electrical)
April 5, 1991... Hamat Exports to Poland Hamat Sanitary Fittings and Castings, a subsidiary of Koor Industries, has shipped a first order of faucets to Poland. The faucets are sold to large distributors in Poland in exchange for hard currency. The order was...

Budget on-line. (M.C.T. Auto Rent) (Motor Industry)
April 5, 1991... Budget On-Line All offices of M.C.T Auto Rent, better known as Budget, are to be computer networked. Motorola Israel is installing a communication network which will interconnect all Budget branches with the head office in Tel Aviv. The...

Losses mount at Carmel. (Carmel Containers Systems Ltd.) (Paper and Publishing)
April 5, 1991... Losses Mount at Carmel Carmel Containers Systems, a subsidiary of Koor Industries, ended 1990 with losses of NIS 1.6 million, contrary to expectations of a small profit (see ICEN Vol. 219, FP) compared with a NIS 6.2 million loss in 1989....

Degania sales top NIS 9 million. (Degania Silicon, new Israeli shekel) (Plastics and Rubber)
April 5, 1991... Degania Sales Top NIS 9 Million licon reports 1990 sales of NIS 9 million; half of this total was exports of medical equipment. The company specializes in the manufacture of industrial and medical silicone products such as pacifiers, surgical...

STOCK building sold. (Kardan Investments' STOCK, building, Netanya, Israel) (Real Estate)
April 5, 1991... STOCK Building Sold The premises formerly occupied by W.E.S.T Wine Products has been sold by its owners--Kardan Investments--to a private investor for $2.6 million. Located in the industrial zone of Netanya, the building was more commonly...

Zim in Soviet shipping route. (Zim Israel Navigation Company Ltd.) (Shipping and Shipbuilding)
April 5, 1991... Zim in Soviet Shipping Route The Soviet Trade Ministry, which controls the Soviet shipping industry, has approved the setting up of a shipping route for both Soviet shipping companies and Zim Israel Navigation. During April, a delegation of...

Cable TV buying from Warner and Paramount. (Israeli cable television industry, Warner Bros. Television Inc., Paramount Pictures Corp. Network Television Production and Video Distribution Div.) (Sports and Entertainment)
April 5, 1991... Cable TV Buying from Warner and Paramount The procurement company of the Israeli cable television networks has signed agreements with Warner Brother and Paramount for the screening of foreign productions in Israel. Within the next five years,...

Polgat registers heavy losses. (Polgat Industries) (Textiles)
April 5, 1991... Polgat Registers Heavy Losses Polgat Industries registered heavy losses of $14 million for 1990, compared with losses of $2 million in 1989. It had appeared that the company was on the way to recovery after the crisis it experience in the...

New plant in Netivot. (Nazareth Carpet Industries builds plant in Netivot, Israel) (Textiles)
April 5, 1991... New Plant in Netivot Nazareth Carpet Industries, owned by former MK Avraham Shapira, is setting up a plant to manufacture bathroom sets in Netivot. The investment center of the Ministry of Industry and Trade has approved the enterprise,...

Shalag Shamir export orders. (Textiles)
April 5, 1991... Shalag Shamir Export Orders Shalag Shamir, manufacturers of non-woven plastic cloth, has signed a sale agreement valued at $250,000 for the supply of absorbent cloths to two large marketing chains in Australia and South Korea. The cloths are...