ICEN articles from March 1991

ICEN archives from March 1991

Israel's most important business conference ever. (Israeli Forum, Haifa, Israel)
March 29, 1991... Israel's Most Important Business Conference Ever The largest and most comprehensive business conference in the history of the State of Israel is scheduled for May 6-9 in Haifa. The conference organized by the Israeli Forum (a voluntary body...

New York City showcases Israel. (New York, New York. City Council, business conference)
March 29, 1991... New York City Showcases Israel New York City Council President Andrew Stein will host a business conference at New York City Hall on Tuesday, April 16. Amongst the more than 200 guests will be top executives of American firms which have...

Interpharm share jump. (Interpharm Laboratories Ltd.)
March 29, 1991... Interpharm Share Jump Following the news that commercial sales in the U.S. of Interferon - an anti-virus, anti-cancer drug developed by Interpharm Laboratories - are in the offing (See ICEN Vol. 219, Sec. 37.1), the company's OTC stock rose...

Bad marks for government. (Israeli government economic policy)
March 29, 1991... Bad Marks for Government The Institute for Advanced Strategic and Political Studies has published the second edition of its annual evaluation Scorecard on the Israeli Economy: A Review of 1990. The Scorecard assigns grades to the...

Riga to Tel Aviv. (Aeroflot begins flights from Riga, Soviet Union to Tel Aviv, Israel)
March 29, 1991... Riga to Tel Aviv The Soviet airline Aeroflot is to begin a series of seven charter flights for Riga to Tel Aviv. The flights are being organized by a Riga travel agent and are part of an agreement between El Al and Aeroflot by which El Al...

Grace seeks buyer for Teva shares. (W.R. Grace and Co., Teva Pharmaceutical Industries Ltd.)
March 29, 1991... Grace Seeks Buyer for Teva Shares W.R. Grace & Co., the U.S. pharmaceutical firm, is looking to dispose of its 13.5 percent ADR share holding in Teva Pharmaceutical Industries; the asking price is $40 million. Teva recently completed its...

Israel Corp. declares dividend.
March 29, 1991... Israel Corp. Declares Dividend For the first time in many years, the board of the Israel Corporation is paying out dividends - a total of NIS10 million. Profits in 1990 totaled NIS 51.6 million, up from NIS 47.4 million in 1989....

Discount profits down. (Israel Discount Bank Ltd.)
March 29, 1991... Discount Profits Down Israel Discount Bank ended 1990 with a profit of NIS 59 million compared to NIS 75 million in 1989 - a drop of 21 percent. Return on adjusted equity fell from 5.1 percent in 1989 to 3.9 percent in 1990. Provision for...

Clal Industries turnaround.
March 29, 1991... Clal Industries Turnaround Clal Industries registered a net profit of NIS 44.6 million in 1990, versus a 1989 loss of NIS 12.9 million. Company management attributed increased profitability to higher earnings for its electronic and paper...

Hazera unaffected by water cuts. (Agriculture) (company profile)
March 29, 1991... Hazera Unaffected by Water Cuts Hazera is probably the only agricultural company unconcerned by the proposed cuts in water allocations. Hazera produces selected and unique vegetable seeds and sells them overseas at premium prices. The added...

Tomatoes run dry. (Agriculture)
March 29, 1991... Tomatoes Run Dry Plants processing tomato-based products will be severely impacted by the cut in water allocations. The Vegetable Marketing Board says that because of the water cuts, yields in 1991 will be 50 percent less than in 1990. The...

Agriculture restructure. (Israel. Ministry of Agriculture) (Agriculture)
March 29, 1991... Agriculture Restructure The strategic committee appointed by Agriculture Minister Rafael Eitan has submitted a report recommending a reduction in the number of regions from 10 to five and establishment of a strategic, planning and economic...

Computerized irrigation. (Motorola Israel) (Agriculture)
March 29, 1991... Computerized Irrigation Motorola Israel is gearing up to meet local demand for its computer irrigation control system. Developed and manufactured in Israel, some 2,000 of these systems are in operation in parks and city gardens in Los...

El Al computerizes inventory. (El Al Israel Airlines) (Aviation)
March 29, 1991... El AL Computerizes Inventory El Al has installed a new software system developed by ATL Advanced Technology to handle its inventory and procurement world-wide. The system is networked to all El AL locations and will provide on-line data of...

Taig to buy Building Bank. (David Taig, Israel Building Bank) (Banking)
March 29, 1991... Taig to Buy Buiding Bank Reports say German businessman David Taig has initialed an agreement to acquire full ownership of the Israel Building Bank for $9.75 million from the Federation of Contractors and Builders in Israel. The sale is...

Barclays Discount profits down. (Barclays Discount Bank) (Banking)
March 29, 1991... Barclays Discount Profits Down Barclays Discount Bank ended 1990 with a profit of NIS 13 million compared to NIS 19.7 million in 1989 - a drop of 34 percent. Equity at year-end amounted to NIS 207.7 million, translating into an annual...

More money for Shiff? (Haim Shiff) (Real Estate)
March 29, 1991... More Money for Shiff? Ex-hotelier Haim Shiff's receiver may obtain another $7.8 million for assets sold last year to Africa Israel Investments. The monies would be paid if the building rights of the properties sold are bettered. Africa...

Polgat rents Amcor from Industrial. (Polgat Industries, Amcor building, Herzliya, Israel, Industrial Buildings) (Real Estate)
March 29, 1991... Polgat Rents Amcor from Industrial Polgat Industries has signed a five year lease with Industrial Buildings for a building once used by the Amcor group. As part of the company's recovery program Polgat will transfer its head offices,...

Dizengoff Gardens. (Dizengoff Trading building Dizengoff Gardens, apartments, Rehovot, Israel) (Real Estate)
March 29, 1991... Dizengoff Gardens The commodities trading company Dizengoff Trading has begun construction of a large apartment project worth an estimated $20 million in Rehovot. The project, called Dizengoff Gardens, includes 60 "build-it-yourself" plots...

Marina for Ashdod. (Ashdod, Israel) (Real Estate)
March 29, 1991... Marina for Ashdod THe city of Ashdod is planning to establish a marina with a 700-boat capacity - double the size of the Tel Aviv marina; the cost of the project is estimated at $30 million. The project will follow the example of the...

Crystal for Tadiran. (Tadiran Electrical Appliance Industries) (Retail)
March 29, 1991... Crystal for Tadiran The Crystal appliance firm, in conjunction with the Sensor chain of appliance stores, is interested in acquiring Tadiran Electrical Appliance Industries, a Tadiran subsidiary. The Tadiran creditor banks hope that with...

Zim on course. (Zim Israel Navigation Company Ltd. earnings) (Shipping and Shipbuilding)
March 29, 1991... Zim on Course Zim Israel Navigation ended 1990 with a profit of $28.4 million, down from $28.8 million in 1989. Income in 1990 totaled $1.01 billion, compared to $902.8 million in 1989 - an increase of 11.8 percent. Operating expenses in...

Shamrock solid in Telad. (Telad Studios) (Sports and Entertainment)
March 29, 1991... Shamrock Solid in Telad The U.S. investment firm Shamrock, a Walt Disney subsidiary, intends to increase its investment in Telad Studios of Jerusalem. In the course of 1988-89, Shamrock provided credit of $1.1 million to Telad in exchange...

Shift in auto, fuel tax. (Israel. State Revenue Commision) (Taxes and Customs Duties)
March 29, 1991... Shift in Auto, Fuel Tax An inter-ministerial committee chaired by State Revenue Commissioner Yoram Gabai is formulating recommendations to apply purchase tax at a unified rate of 105 percent on all private cars irrespective of engine size;...

Eagle to issue debentures. (Eagle Military Gear Overseas) (Textiles)
March 29, 1991... Eagle to Issue Debentures Eagle Military Gear Overseas, a leading manufacturer of military textiles, wants to raise NIS 11 million from debentures and options in order to finance investments in Germany and reduce the burden of financing...

Capital for Tefron. (Textiles)
March 29, 1991... Capital for Tefron PEC Israel Economic Corporation and Discount Investment Corporation will be required to inject capital into its Tefron subsidiary in order to improve the company's equity. Tefron, a manufacturer of textiles, has...

Carmel Carpets go Dutch. (Glenoit Industries contract to sell CArmel Carpet, brand name, products) (Textiles)
March 29, 1991... Carmel Carpets go Dutch Gert Blokker, president of the Blokker chain from Holland, recently visited the Carmel Carpet plants of Glenoit Industries in Or Akiva and Netivot, subsequently placing an order for bedroom and bathroom mat sets....

Tourism promotion. (Israel. Ministry of Tourism) (Tourism)
March 29, 1991... Tourism Promotion An internal memorandum circulated by senior Tourism Ministry official Uzi Michaeli to all overseas representatives, specifies directives on how to promote tourism to Israel. The memo calls for action to implement all...

New wing for Sport Hotel. (Isrotel Hotel Management's Sport Hotel, Elath, Israel) (Tourism)
March 29, 1991... New Wing for Sport Hotel The Sport Hotel in Eilat has opened a new eight-floor wing with 124 rooms. The hotel is part of the Isrotel Hotel Management chain owned by British businessman David Lewis. Investment in the new wing amounted to $8...

Tourism competition heats up. (Israel) (Tourism)
March 29, 1991... Tourism Competition Heats Up Tourism Ministry Director-General Avi Rosenthal, who recently returned from a visit to the U.S., warned ministry executives of the dangers of losing the U.S. tourist market to other Mediterranean countries....

Elmer L. Winter. (Personal Profile)
March 29, 1991... ELMER L. WINTER Chairman, Committee for Economic Growth of Israel Perhaps it is no coincidence that businessman Elmer Winter and former prime minister of Israel Golda Meir are both from Milwaukee. While Golda's career ended quite some...

Breaking the Arab boycott. (Feature Article)
March 29, 1991... Breaking the Arab Boycott During the recent visit of U.S. Secretary of State James Baker to Israel for talks with his Israeli counterparts, it was agreed that both sides (Arab and Israeli) would have to give in order to begin paving the way...

Situation vacant - governor for Bank of Israel, (Feature Article)
March 29, 1991... Situation Vacant - Governor for the Bank of Israel The incumbent governor of the Bank of Israel, Professor Michael Bruno, will complete his term of office at the end of May. Bruno has already announced he will not seek an additional term and...

Union Bank earnings down. (Union Bank of Israel) (Banking)
March 29, 1991... Union Bank Earnings Down Union Bank of Israel, a subsidiary of Bank Leumi, reported a 1990 profit of NIS 153,000, dramatically down from 1989 earnings of NIS 16 million. Profits from financing activities before allocation for bad debts...

Arazim in Trade Bank. (Arazim Earthworks and Development buys 10% stock interest) (Banking)
March 29, 1991... Arazim in Trade Bank Arazim Earthworks and Development has applied to the Bank of Israel for recognition as an owner of the Trade Bank commercial bank; if approved, Arazim will complete acquisition of at least 10 percent of the bank's...

Aliya Leumi earnings drop. (Aliya Leumi Bank) (Banking)
March 29, 1991... Aliya Leumi Earnings Drop Aliya Leumi Bank, a member of the Bank Leumi group, ended 1990 with a loss of NIS 9.7 million compared to a profit of NIS 1.9 million in 1989. The loss was due mainly to increased provision for bad debts - NIS...

Maritime Bank investments. (Gad Zeevi, Shaul Eisenberg acquire Maritime Bank of Israel option rights) (Banking)
March 29, 1991... Maritime Bank Investments Gad Ze'evi and Shaul Eisenberg, owners of the Maritime Bank of Israel, will invest some NIS 6.5 million in option rights of the bank. The bank is to issue shares, capital notes and options amounting to NIS 12.3...

Negev Phosphates expanding. (Chemicals)
March 29, 1991... Negev Phosphates Expanding Negev Phosphates will shortly begin construction of a new plant to produce phosphate rock and phosphoric acid. The company will invest $32.5 million in the new plant, of which $12.4 million is a grant from the...

Ben-Nun calls for development. (Dead Sea Works Ltd.'s Uzi Ben-Nun) (Chemicals)
March 29, 1991... Ben-Nun Calls for Development The Dead Sea contains the largest reserve of magnesium in the world, 10 times the amount of potassium, and the Dead Sea Works must take advantage of this, according to incoming Managing Director Uzi Ben-Nun....

Electronic signature system. (Comsec, Belgian Banking Association develop TRASEC, electronic mail security system) (Communications)
March 29, 1991... Electronic Signature System TRASEC, an electronic signature system designed for security of banking data transmitted via electronic mail communications, has been developed by Comsec and the Belgian Banking Association; the system is...

Insider information. (Communications)
March 29, 1991... Insider Information Kesselman Management Services says the information technology market in 1991 will amount to $923 million compared to $840 million in 1990. The market comprises four major areas as follows: systems - 393 million;...

Monopoly makes for easy money. (Bezeq earnings) (Communications)
March 29, 1991... Monopoly Makes for Easy Money Bezeq, the Israeli telecommunications company, registered a net profit of NIS 119.5 million in 1990, versus NIS 43 million in 1989 - an increase of 178 percent. Bezeq Chairman Yoram Alster and Managing...

Software campaign in France. (Israeli computer software industry) (Computers)
March 29, 1991... Software Campaign in France Some 20 French software houses are organizing a joint campaign to introduce Israeli software products and companies to the French and European markets, according to Yehuda Hefer, Israel's commercial advisor in...

New laser printer. (I.I.S. Intelligent Information Systems Ltd.'s IS-482, laser printer) (Computers) (product announcement)
March 29, 1991... New Laser Printer I.I.S. Intelligent Information Systems of Haifa has announced a new laser printer, model IS-482, designed for use in the IBM 3270 environment. The printer is based on Canon technology with a rated output of eight pages...

No sale at Clal Systems. (Conglomerates)
March 29, 1991... No Sale at Clal Systems Denying reports to the contrary, Clal Systems is not up for sale, according to Managing Director Yigal Kochavi. Clal Systems is the official agent in Israel for the U.S. computer firm Unisys and its major clients...

Clal Trading profits up. (Conglomerates)
March 29, 1991... Clal Trading Profits Up Profits of Clal Trading in 1990 totaled NIS 6.5 million, following a loss of NIS 3.6 million in 1989. Company equity amounted to NIS 86.1 million, with profits representing a 7.5 percent return on equity. Clal holds...

General Bonded acquires H-L. (General Bonded Israel, H-L Financing Services) (Conglomerates)
March 29, 1991... General Bonded Acquires H-L General Bonded Albany, registered on the Tel Aviv Stock Exchange and owned by Israel Lighterage and Supply, an Israel Corporation subsidiary, has acquired H-L Financing Services for NIS 6.7 million. H-L, also an...

Koor debenture holders agree. (Koor Industries Ltd.) (Conglomerates)
March 29, 1991... Koor Debenture Holders Agree The general meeting of Koor Industries debenture holders in the U.S. confirmed the arrangement proposed by the company. Holders were offered two options: one a cash payment of 42.5 percent of the nominal value...

More profits at Discount Investments. (Discount Investment Corporation Ltd.) (Conglomerates)
March 29, 1991... More Profits at Discount Investments Discount Investment Corporation registered profits of NIS 53.3 million in 1990, compared to NIS 36.1 million in 1989 - an increase of 47.6 percent. Combined industrial exports in 1990 were $1 billion...

Discount Investment in housing. (Discount Investment Corporation Ltd.) (Construction)
March 29, 1991... Discount Investment in Housing Discount Investment Corporation, a member of the IDB group, is negotiating with the Ministry of Construction and Housing to build residential housing through its subsidiary companies. Until now, these...

Building time shortened. (Israeli apartment house completion time) (Construction)
March 29, 1991... Building Time Shortened Data compiled by the Finance Ministry shows that recently-completed apartments were built in 16 months. This compares with an average of 26 months for 1990 housing starts and 32 months for buildings begun in 1989....

Forest City joins Africa Israel. (Forest City Corp., Africa Israel Investments, joint venture) (Construction)
March 29, 1991... Forest City Joins Africa Israel Africa Israel Investments and the U.S. Forest City Corporation, controlled by the Ratner family, are negotiating with the Ministry of Construction and Housing for a contract to build 5,000 apartments per...

Three-year building contracts. (Israel. Ministry of Housing and Construction building contracts) (Construction)
March 29, 1991... Three-Year Building Contracts The Ministry of Construction and Housing has decided to award three-year contracts to five companies for the construction of 5,000 apartments per year for new immigrants. The companies will receive about...

Visa profits up 10 percent. (Visa Israel Credit CArds) (Consumer)
March 29, 1991... Visa Profits Up 10 Percent Visa Israel Credit Cards ended 1990 with a net profit of NIS 8.3 million compared with NIS 7.5 million in 1989, an increase of 10 percent. Visa, 65 percent of which is owned by Bank Leumi and 35 percent by Bank...

Arrow completes second test flight. (Arrow, missile) (Defense and Security)
March 29, 1991... Arrow Completes Second Test Flight The Israeli Arrow anti-tactical ballistic missile program successfully completed an interceptor test flight at an Israeli test range. The launch was from east to west into the Mediterranean Sea. This was...

Delilah moves on Samson. (Israel Military Industries' Delilah, radar simulator, Samson, radar simulator) (Defense and Security)
March 29, 1991... Delilah Moves on Samson Israel Military Industries has developed a new deception system called Delilah replacing the old generation system "Samson". The Gulf war proved the effectiveness of enemy deception features and the Samson was...

Diamond industry cutbacks. (Israel) (Diamonds and Gems)
March 29, 1991... Diamond Industry Cutbacks The diamond industry has laid off 1,500 workers since January, with 9,000 workers now employed in the industry. Uri Schwartz, president of the Israel Diamond Manufacturers Association, says the reduction in staff...

Electronic output increase. (Israeli electronic industry) (Electronics)
March 29, 1991... Electronic Output Increase A survey of the electronic industry conducted by the Manufacturers Association shows that in the past five years output per worker increased by 81 percent - from $52,000 in 1985 to $94,000 in 1989. According to...

Unleaded fuel finally available. (Israel) (Energy and Fuels)
March 29, 1991... Unleaded Fuel Finally Available As of April 1, owners of cars running on unleaded fuel will be able to fill up at one of 26 gas stations throughout the country. One-third of these will be located in the central area and will be operated by...

Naptha profits down. (Naptha Israel Petroleum Corp.) (Energy and Fuels)
March 29, 1991... Naptha Profits Down Naptha Israel Petroleum Corp. has registered a sharp drop in 1990 profits. Naptha ended the year with a profit of NIS 163,000 versus 1989 profits of NIS 2 million. The drop in profits is due to a number of factors,...

Oil Refineries doubles profits. (Energy and Fuels)
March 29, 1991... Oil Refineries Doubles Profits Oil Refineries registered net profits of NIS 100 million for 1990, a twofold increase over last year. The company's income earned during the last quarter of 1990 contributed to a net profit of NIS 50 million...

Water Savings Week. (workshop, Tel Aviv, Israel) (Exhibitions, Conferences, and Seminars)
March 29, 1991... Water Savings Week The Ministry of Agriculture, Ministry of Interior, the Water Commissioner and the Union of Local Authorities are to hold a "Water Savings Week" from April 22-25. The aim of the event is to increase public awareness of...

Winning U.S. government contracts. (Technology Training Corp.'s U.S. Government Procurement and Contract Management, seminar, Herzliya, Israel) (Exhibitions, Conferences, and Seminars)
March 29, 1991... Winning U.S. Government Contracts The Technology Training Corporation will sponsor a seminar entitled "U.S. Government Procurement & Contract Management" at the Sharon Hotel-Herzliya on April 24. The guest expert will be Colonel John D....

Computer viruses. (Technology Training Corp. seminar, Herzliya, Israel) (Exhibitions, Conferences, and Seminars)
March 29, 1991... Computer Viruses The Technology Training Corporation will sponsor a two-day seminar on computer viruses at the Sharon Hotel-Herzliya beginning April 29. Dr. Douglas Tygar, an assistant professor of computer science at Carnegie Mellon...

PC users convention. (Merav's conference for personal computer users, Herzliya, Israel) (Exhibitions, Conferences, and Seminars)
March 29, 1991... PC Users Convention The National Convention for personal computer professionals will be held at the Daniel Hotel-Herzliya on May 22-23. The convention is being organized by Merav, sister company of the bi-weekly publication Reshet...

Export marketing fund. (Israel. Ministry of Trade and Industry) (Exports)
March 29, 1991... Export Marketing Fund The Ministry of Industry and Trade is now operating a fund to promote marketing overseas. In addition to providing state participation in the risks taken by exporters in overseas marketing promotion, the fund will...

Currency options. (Bank of Israel to buy foreign currency options) (Finance)
March 29, 1991... Currency Options Foreign currency options purchased in June, September and December of 1990 can be sold to the Bank of Israel for a price not less than the published representative rate of the U.S. dollar. The sale is part of the...

Government issues. (Israel government securities) (Finance)
March 29, 1991... Government Issues In March, the Israeli government will raise NIS 1.5 billion - NIS 1.1 billion from debenture issues and $400 million from special issues and institutional deposits; the Finance Ministry estimates the amount will be...

Negev Silicon objectives. (Israel. Ministry of Finance's Negev Silicon, development project for for Negev Desert) (Finance)
March 29, 1991... Negev Silicon Objectives The Negev Silicon project steering committee recently appointed by Finance Minister Yitzhak Moda'i has defined its objectives. The aim of the project is to settle 400,000 people in the eastern Negev within a...

New plants sprout. (Israel Investment Center finances new factory construction) (Finance)
March 29, 1991... New Plants Sprout Since January, the Israel Investment Center has approved 114 new plants under the fast approval procedure, according to Minister of Industry and Trade Moshe Nissim. Addressing a meeting of the Israel Management Center,...

Foreign debt increases. (Israel) (Finance)
March 29, 1991... Foreign Debt Increase Israel's foreign debt totaled $24.1 billion at the end of 1990, an increase of $260 million over 1989 according to the Bank of Israel. In the last quarter of 1990, debt increased by $640 million, while foreign...

Elite overseas. (Elite Industries, Israel Edible Products joint venture) (Food, Beverages and Tobacco)
March 29, 1991... Elite Overseas Elite Industries is seeking to establish a joint marketing center in Europe with a subsidiary of M.A.N, Germany. Elite is interested in increasing its exports of confectionery and coffee. In its plant in Poland, Elite has...

Tempo planning $20 million issue. (Tempo Beer Industries Ltd.) (Food, Beverages and Tobacco)
March 29, 1991... Tempo Planning $20 Million Issue Tempo Beer Industries is planning to raise $20 million on the Tel Aviv Stock Exchange. The issue is being handled by the office of Attorney Joseph Gross. The Bornstein family owns 95 percent of Tempo, with...

Golan exporting bubbly. (Golan Heights Winery, champagne, wine) (Food, Beverages and Tobacco)
March 29, 1991... Golan Exporting Bubbly Golan Heights Winery has begun marketing an Israeli champagne produced by the traditional French method. The champagne will carry the Yarden label and is made from Chardonnay grapes. The winery invested some NIS...

Clal opts out of Miloutal and Milousun purchase. (Clal Industries, Miloutal-Talfrost, Milousun-Milouot) (Food, Beverages and Tobacco)
March 29, 1991... Clal Opts out of Miloutal and Milousun Purchase Clal Industries has terminated negotiations for the acquisition of Milousum-Milouot and Miloutal-Talfrost (See ICEN Vol. 215, Sec. 22.2). The decision is due to fears that the cuts in water...

Kupat Holim unwell. (Health)
March 29, 1991... Kupat Holim Unwell Kupat Holim, the sick fund of the Histadrut, will lose NIS 80 million due to a new key for the distribution of the National Insurance Equalization Fund. The new key is based on the number of members in each sick fund and...

Maccabi interest in Assuta. (Kupat Holim Maccabi) (Health)
March 29, 1991... Maccabi Interest in Assuta Kupat Holim Maccabi and the private hospital Assuta, a subsidiary of Clal have been meeting to discuss the sale or rent of Assuta hospital to Maccabi; 54 percent of Assuta shares are held by Clal with the...

Record profits for Phoenix. (Israel Phoenix Insurance Co.) (Insurance)
March 29, 1991... Record Profits for Phoenix The Israel Phoenix Insurance Co. registered a profit of NIS 58 million in 1990 compared to NIS 43.2 million in 1989 - an increase of 34 percent. The major item contributing to increased profits was elementary...

Phoenix in City Fire. (Israel Phoenix Insurance Co., City Fire Insurance) (Insurance)
March 29, 1991... Phoenix in City Fire The Israel Phoenix Insurance Co. has decided to increase its investment in City Fire Insurance, a London-based subsidiary. The 4 [pounds] million investment has already been approved by the controller of foreign...

Unemployed replacing reservists. (Israel. Defense Forces) (Labor)
March 29, 1991... Unemployed Replacing Reservists The Israel Defense Force has agreed to a trial replacement of reservists by unemployed workers. The Ministry of Labor and Social Affairs, in conjunction with the Defense Ministry, has proposed to replace...

Packer Steel expanding. (contract for mobile home steel profiles) (Metal and Electrical)
March 29, 1991... Packer Steel Expanding Packer Steel is expanding its activities in the field of industrialized building for new immigrant housing. The company has signed a contract for the supply 225,000 meters of drawn metal profiles used as a frame for...

ISCAR dividends. (Metal and Electrical)
March 29, 1991... ISCAR Dividends ISCAR President Stef Wertheimer received substantial 1990 dividends from ISCAR and its subsidiary Blades Technology. Wertheimer holds 74 percent of ISCAR shares and 50 percent of Blades Technology shares. Since both...

Lod Metal sales increase. (Lod Metal Works) (Metal and Electrical)
March 29, 1991... Lod Metal Sales Increase Lod Metal Works reported 1990 sales of NIS $3.5 million, up from $2.5 million in 1989. Lod Metal, a subsidiary ofDelek, manufactures and reconditions steel drums and containers. Company sources say increased sales...

Profit for Tadiran Appliances. (Tadiran Electrical Appliances) (Metal and Electrical)
March 29, 1991... Profit for Tadiran Appliances Tadiran Electrical Appliance Industries ended 1990 with a net profit of NIS 18.8 million compared to NIS 13.5 million in 1989; profits included cancellation of a tax reserve totaling NIS 6.8 million. Sales in...