ICEN articles from October 1991

ICEN archives from October 1991

Koor losses continue to mount.
October 4, 1991... Koor Losses Continue to Mount The Koor conglomerate registered losses of NIS 112 million for the first half of 1991 as compared to NIS 84 million during the same time last year. This 35 percent increase in losses has brought Koor's deficit...

Japanese and South Korean deals for National Semiconductor. (Fujitsu, Goldstar, National Semiconductor Israel)
October 4, 1991... Japanese and South Korean Deals for National Semiconductor National Semiconductor Israel recently signed an agreement with the Japanese Fujitso company and South Korea's Goldstar. Fujitso is presently exhibiting facsimiles containing National...

No take-off for Astra. (Israel Aircraft Industries' Astra, aircraft, sales)
October 4, 1991... No Take-Off for Astra Israel Aircraft Industries sold a single Astra aircraft so far this year, after forecasting a total of 15 aircraft sales annually. The Astra project requires the employment of a 600 strong staff and an investment of...

Davidson's interests in Orbot. (Bill Davidson)
October 4, 1991... Davidson's Interests In Orbot Bill Davidson and other foreign investers recently acquired more shares in the Yavne-based Orbot Systems. The transaction was in the form of an exchange of Ormat Turbines shares held by the group, for those...

Microsoft development center. (Haifa, Israel)
October 4, 1991... Microsoft Development Center The Seattle-based software giant Microsoft is to set up a program development center here. Microsoft, the world's largest software company, will open its center in the Haifa industrial area, initially to be...

Housing Ministry backing out. (Israel. Ministry of Housing and Construction, construction industry contracts)
October 4, 1991... Housing Ministry Backing Out The Housing Ministry is intending to back out from the "gentleman's agreement" it has with several foreign and local contractors. Terms of the contract describe the building of 15,000 apartments within the year...

And now Nissan. (Carrasso Moise Sons Ltd. to import Nissan automobiles)
October 4, 1991... And Now Nissan Local Renault importers Carrasso Moise Sons Ltd, will now also import Nissan vehicles directly from Japan. The agreement was recently signed after a series of meetings between Managing Director Arieh Carrasso and senior...

Wet room factory. (Orlev Construction)
October 4, 1991... Wet Room Factory Orlev Construction, a $3 million factory for the manufacture of bathrooms, toilets and kitchens was recently established, the first such in Israel. Orlev is owned by American businessman Ted Arrison, who anticipated the...

Tara Dairy investments. (Agriculture)
October 4, 1991... Tara Dairy Investments Tara Dairies has engaged in a long-term $7.5 million investment program, with the aim of developing new products and improving existing ones. Management says that $3.5 million has been spent in the past year,...

Profits in oranges. (Israeli exports) (Agriculture)
October 4, 1991... Profits in Oranges Four companies will compete in the coming season to export citrus fruit from Israel, after Minister of Agriculture - Rafael Eitan disbanded the Citrus Marketing Board, bringing an end to its monopoly. The four companies...

Avocado and grape exports rising. (Israel) (Agriculture)
October 4, 1991... Avocado and Grape Exports Rising Export figures of avocados will, in the coming season, rise some 50 percent from those recorded last year, culminating in about 60,000 tons. Spokesmen for the exporting company, Agrexco, attribute this...

Developments at Koor factories. (Makhteshim Chemical Works, Agan Chemical Manufacturers) (Chemicals)
October 4, 1991... Developments at Koor Factories The Koor conglomerate's chemical factories Makhteshim Chemical Works and Agan Chemical Manufacturers are developing new products to comply with the sensitivity in ecological problems prevailing in the U.S. and...

Israel Chemicals evaluation. (Chemicals)
October 4, 1991... Israel Chemicals Evaluation Economics Models, a macro-economics consulting firm based in Tel Aviv, has completed an evaluation of Israel Chemicals with results exceeding all previous reports by $100 million. According to the team headed by...

F and C expansion plan. (Fertilizers and Chemicals) (Chemicals)
October 4, 1991... F and C Expansion Plan After 10 years of wavering between negligible profits and losses, Fertilizers and Chemicals has submitted an expansion plan that includes entry into new fields of production. The factory, a subsidiary of Israel...

Fibronics workstation server. (Fibronics introduces FX8610, workstation) (Communications) (Product Announcement)
October 4, 1991... Fibronics Workstation Server Fibronics has introduced an addition to its FDDI product line, which provides significantly improved performance over Ethernet connections while greatly reducing the cost of direct connection to an FDDI network....

Liraz pursuing issue. (Computers)
October 4, 1991... Liraz Pursuing Issue The software company Liraz Systems is looking to raise NIS 10 million on the Tel Aviv Stock Exchange, the first such move since its establishment. Liraz currently employs 120 people and has six subsidiaries both in...

Tree Computers branching out. (Computers)
October 4, 1991... Tree Computers Branching Out Tree Computers, a Jerusalem software company specializing in educational tools, has developed a software package for teaching music to all age groups. The package includes: * Allegro Music for Beginners ...

Mashov profits increase. (Mashov Computers) (Computers)
October 4, 1991... Mashov Profits Increase Mashov Computers, the parent company of Magic Software whose shares were recently floated OTC in New York, announced net profits totaling NIS 686,000 for the first half of the year. This constitutes a 30 percent...

Eldor buys Mor. (Computers)
October 4, 1991... Eldor Buys Mor Elbit Computers and the Bank Hapoalim Investment Co. have expanded their computer marketing and maintenance group, which is already one of the largest in Israel. In accordance with their growth program, Mor Electronics has...

IBM promotes local software. (Computers)
October 4, 1991... IBM Promotes Local Software IBM Israel intends to promote the sale of personal computers by financially assisting local software companies with their marketing programs. Such assistance includes direct sales using telemarketing techniques,...

International Diamond Technological Symposium. (trade fair, Tel Aviv, Israel) (Diamonds, Jewelry and Gems)
October 4, 1991... International Diamond Technological Symposium A glittering revolution in the world's diamond industry will be revealed at the first International Diamond Technological Symposium to be held at the Tel Aviv Hilton from October 22-23. Prime...

Diamond exports down. (Israel) (Diamonds, Jewelry and Gems)
October 4, 1991... Diamond Exports Down Diamond dealers have witnessed a 30 percent drop in exports to the Japanese market in the first half of the year, constituting a reduction of $42.9 million. Additionally, diamond sales in Israel fell by 20 percent in the...

Additions planned for Ashdod refinery. (Ashdod Oil Refineries) (Energy and Fuels)
October 4, 1991... Additions Planned For Ashdod Refinery A device for refining fuels, capable of producing lead-free petroleum, will be operational at the Ashdod refinery by the spring of 1992. The cost of the project is estimated at $110 million and its...

Aging and Alzheimer. (National Conference on Aging and Alzheimer, conference, Israel) (Exhibitions, Conferences and Seminars)
October 4, 1991... Aging and Alzheimer The National Conference on Aging and Alzheimer will take place on December 1-2 at Bar-Ilan University. The conference will feature experts on the subject including Professor Benjamin Yanuv of Bar-Ilan's School of Social...

Info 92. (Israeli Industry Association seminar, Tel Aviv, Israel) (Exhibitions, Conferences and Seminars)
October 4, 1991... Info 92 Info 92, the seventh annual information meeting and exhibition sponsored by the Israeli Industry Association will take place May 17-22, 1992 at the Tel Aviv Hilton. The meeting covers over 30 events, seminars, meetings, etc., and...

Conference on school of management reform. (Exhibitions, Conferences and Seminars)
October 4, 1991... Conference on School of Management Reform A conference to discuss the future direction of Israel's management schools will be held at Hebrew University and Tel Aviv University on October 16 and October 17 respectively. The conference...

Industrial exports up. (Israel) (Exports)
October 4, 1991... Industrial Exports Up The second quarter of this year saw a rise of 9 percent in industrial exports as compared to the final quarter of 1990. A further 12,000 employees were added to industrial factories nationwide, constituting an increase...

Scorcher jeans. (Scorcher Textiles to manufacture Lois Designs' jeans) (Fashion)
October 4, 1991... Scorcher Jeans Scorcher Textiles has obtained the rights to manufacture and market Lois jeans in Israel. With the new contract, Scorcher will manufacture the jeans at its Tel Aviv facility; Lois jeans will now be distributed at about 100...

Union of public companies on the TASE. (Tel Aviv Stock Exchange) (Finance)
October 4, 1991... Union of Public Companies On The TASE A union of several public companies traded on the Tel Aviv Stock Exchange (TASE) recently began functioning. The purpose of the union is to increase cooperation between the companies themselves, and to...

Hildsheimer to manage foreign investments. (Aaron Hildsheimer) (Finance)
October 4, 1991... Hildsheimer To Manage Foreign Investments A group of European finance companies centered in London recently established a new branch in Israel under the name Admon Investments Ltd. The group appointed Aaron Hildsheimer, who previously served...

Ahraiut Bonds. (Finance)
October 4, 1991... Ahraiut Bonds The Israel Securities Authority has authorized Ahraiut to launch a new mutual fund - "Ahraiut Bonds" - which will invest in the bonds of companies and conglomerates. The new fund joins an existing "family" of five others,...

Salary giants. (Israeli executive salaries) (Finance)
October 4, 1991... Salary Giants The salaries of managing directors of public companies remained relatively fixed in the last year with compensation payments far exceeding the index for the same period. At the top of the list for the second consecutive year is...

International currency conference. (International Currency Fund conference, Bangkok, Thailand) (Finance)
October 4, 1991... International Currency Conference Finance Minister Yitzhak Moda'i and the governor of the Bank of Israel, Prof. Ya'acov Frankel will attend the annual conference of the International Currency Fund scheduled to take place in Bangkok on...

Tempo's Pepsi site. (Tempo Beer Industries buys Ashdod, Israel factory site to manufacture Pepsi Cola, soft drink) (Food, Beverages and Tobacco)
October 4, 1991... Tempo's Pepsi Site Tempo Beer Industries have signed an agreement with the liquidator of Jaffa-Mor to purchase the latter's property in Ashdod. The deal includes the acquisition of land, equipment and raw materials for a sum of $7 million....

Elite markets Frito Lay. (Elite Industries, Frito Lay Inc. products) (Food, Beverages and Tobacco)
October 4, 1991... Elite Markets Frito Lay Elite Industries has begun marketing the salted snack foods produced by the Frito Lay company (including Cheetos, Ruffles and Doritos), importing the goods from the Frito Lay factory in Istanbul, Turkey. Frito Lay is...

New open-heart procedure. (Sourasky Medical Center, Tel Aviv, Israel's use of Traisol, blood transfusion substitute) (Health)
October 4, 1991... New Open-Heart Procedure Traisol, a new drug used in open heart surgery at the Tel Aviv Sourasky Medical Center for more than a year, has virtually eliminated the need for blood transfusions in cardiac surgery, sharply reducing the risk of...

Unemployment figures rise. (Israel) (Labor)
October 4, 1991... Unemployment Figures Rise The unemployment rate for the first half of 1991 rose to 10.8 percent as opposed to 9.5 percent in the same period last year. In this period, a further 75,000 job-seekers joined the unemployment lines, while the...

Waste disposal plant. (Environmental Protection Services to build plant in Ramat Hovev, Israel) (Health)
October 4, 1991... Waste Disposal Plant The government-owned company, Environmental Protection Services, recently began implementing the international order dealing with waste disposal. The project involves the building of a furnace for dangerous organic...

HUJ-Soviet arrangement. (Hebrew University of Jerusalem's Yissum Research and Development Co., Kazan Institute of Biology) (Medical Equipment)
October 4, 1991... HUJ-Soviet Arrangement In an unusual and possibly unique arrangement, a scientific device invented in the Soviet Union by scientists now at the Hebrew University of Jerusalem (HUJ) will be marketed worldwide, with the profits being equally...

Report on the Jerusalem Report. (Jerusalem Report, periodical) (Paper and Publishing)
October 4, 1991... Report on the Jerusalem Report The Jerusalem Report, Israel's only English-language weekly news magazine, has concluded its first year of operation with considerable commercial success locally and in North America. The magazine's...

Possible treatment for fatal allergic reaction. (anaphylaxis) (Pharmaceuticals and Cosmetics)
October 4, 1991... Possible Treatment For Fatal Allergic Reaction Small doses of the experimental tumor-suppressing agent, K252a, have been show, in animals, to block the onset of fatal anaphylactic shock - an allergic condition that can also strike human...

1,500 acres of industrial sites on offer. (Israel. Lands Authority) (Real Estate)
October 4, 1991... 1,500 Acres Of Industrial Sites On Offer The Israel Lands Authority is offering 1,500 acres of land at a subsidized price, with the intention of attracting industrialists. Subsidies of up to 50 percent are available on these lands which are...

Real estate rises. (Israel) (Real Estate)
October 4, 1991... Real Estate Rises According to Bank Tefahot economists, the price of real estate rose 15.4 percent between the months of June through August, although the overall rise within the last 12 months was slightly higher at 15.7 percent. During the...

Shekem for sale. (Retail)
October 4, 1991... Shekem for Sale Four companies have expressed their interest in purchasing a controlling interest in the localShekem chain of department stores. Initially, only 22 percent of Shekem shares were to be sold. Super-Sol, Co-op Reshet Haribua...

Super-Pharm expands. (Retail)
October 4, 1991... Super-Pharm Expands Leon Koffler, principal of the Super-Pharm chain, recently signed an agreement to rent two more premises to serve as additional branches of the pharmacy chain. Furthermore, a merger between Super-Pharm and Pharma-City of...

Fashion Ways sold. (Textiles)
October 4, 1991... Fashion Ways Sold Jerry Levy, a businessman based in Hong Kong, recently purchased Fashion Ways Ltd, a textile factory based in Netivot. Levy, who is also the owner of several similar factories abroad, acquired the factory for a sum of...

School Girl. (Honigman and Sons introduces School Girl, women's clothing) (Textiles)
October 4, 1991... School Girl The Honigman & Sons fashion house has presented it's 1991-1992 fall/winter collection for young women called "School Girl." The line is divided into colorful lycras, pre-washed jeans, linens, cotton sweaters, black and white...

Hilton expansion. (Hilton Hotel, Tel Aviv, Israel) (Tourism)
October 4, 1991... Hilton Expansion The Tel Aviv Hilton Hotel has finalized a five year expansion program estimated at an investment of $15 million. The plan calls for renovation of the 600 rooms and suites and includes the installation of magnetic cards for...

Don't forget the U.K. (DMI Ltd. to provide British marketing services to electronics industry) (Trade)
October 4, 1991... Don't Forget the UK Many Israeli high-tech companies are apparently unsuccessful in penetrating the British market. The UK tends to be low on the list of priorities of such companies, says David Morris, managing director of DMI Ltd. in...

No permit for flights to Eilat. (Maersk Air, Elath, Israel) (Transport)
October 4, 1991... No Permit for Flights to Eilat The Transportation Ministry Civil Aviation Authority has refused to authorize the Danish airline Maersk Air to operate charter flights from Helsinki to Eilat during the forthcoming winter season. Tour operators...

Revolutionary cables for IEC. (Israel Electric Corporation) (Utilities)
October 4, 1991... Revolutionary Cables For IEC Under the program of improving its services, the Israel Electric Corporation has begun the installation of insulated high-tension cables, which also serve to improve safety. Existing electricity networks are...

Koor bailout revisited. (Feature Articles)
October 4, 1991... Koor Bailout Revisited The Histadrut-owned conglomerate Koor will shortly sign an agreement with its creditors for the settlement of its debts. Koor owes Israeli banks some $600 million, in addition to $205 million in debts to overseas...

A bright future for the banking system. (Feature Articles)
October 4, 1991... A Bright Future for the Banking System The Israeli banking system will, within the upcoming years find ample opportunity to rescue itself from the trouble-filled, crisis era it fell into the 1980s. With most of the foundation work already...

Israel's role in Desert Storm. (Feature Articles)
October 4, 1991... Israel's Role in Desert Storm During the months of Desert Shield and Desert Storm, the role of Israeli-made weapons was a low-key issue due to the U.S. sensitivity and the fragile thread that bound the coalition of Western and Arab nations....

Jacky Amzaleg. (Executive Appointments)
October 4, 1991... Jacky Amzaleg Jacky Amzaleg has been appointed the manager of Club Med Israel, replacing Berti Edi. Amzaleg, 44, began his career in Club Med 25 years ago, and has held several posts in the club's holiday villages, both here and abroad.

Uri Shoshani. (Executive Appointments)
October 4, 1991... Uri Shoshani Uri Shoshani has been appointed the managing director of Noga Engineering, a local subsidiary of the international company Aprofim. Before his appointment, Shoshani, 55, was employed by the Ministry of Construction and Housing.

Aviva Sapir. (Executive Appointments)
October 4, 1991... Aviva Sapir Aviva Sapir has been appointed the managing director of Sapir Cosmetics. Sapir was involved in the foundation of a number of large Israeli cosmetic companies.

Avi Harman. (Executive Appointments)
October 4, 1991... Avi Harman Avi Harman has been appointed the managing director of Toyland Europe. Harman specializes in marketing and economics, was educated at Columbia University in the U.S., and previously served as the managing director of Pony Marketing....

Tadiran battery factory for sale. (Kiryat Ekron Tadiran battery factory)
October 4, 1991... Tadiran Battery Factory for Sale Negotiations are underway for the sale of the Kiryat Ekron Tadiran battery factory to a Hong Kong businessman. Similar negotiations with a potential local buyer were terminated due to widely differing...

Israel Chemicals shares only issue. (Chemicals)
October 11, 1991... The Government Companies Authority Director, Joseph Nitzani, has informed the potential underwriters of the Israel Chemicals share issue that the offer will include only shares without options. The issue will be distributed between a number of...

New buyer for Tadiran?
October 11, 1991... Sources report that conglomerate Clal Israel is considering acquiring a 50 percent shareholding in electronics manufacturer Tadiran. Koor Industries, the major shareholders of Tadiran, is interested in selling a 50 percent holding for a minimum...

Mazda agency to Delek. (Delek Investments and Properties to import Mazda automobiles)
October 11, 1991... Delek Investments & Properties, the wholly-owned subsidiary of Delek, The Israel Fuel Corporation, has been appointed the Israeli agent and distributor for Japanese car manufacturer Mazda. Imports of Mazda cars are expected to begin by year's...

Credit rating imbroglio. (Israel-U.S. relations)
October 11, 1991... An apparent smear campaign by the U.S. government in recent weeks has raised doubts as to Israel's ability to pay back loans. Following Israel's request for $10 billion loan guarantees, which President Bush has delayed in order to have leverage...

Elscint U.S. share issue.
October 11, 1991... Elscint, developer and manufacturer of medical imaging systems, is planning to issue 6 million shares representing 5 percent of equity. Based on today's U.S. share price, the issue is estimated at about $39 million. Elscint is owned by Elbit...

Mega losses at Mega Shoes.
October 11, 1991... Mega Shoe Industries has decided to close its Haifa plant after accumulated losses of NIS 24.7 million over the past five years. 165 employees are being dismissed. The buildings and land of the Haifa plant will be sold with the proceeds being...

Periclase-Japanese venture. (Dead Sea Periclase)
October 11, 1991... Israel Chemical subsidiary, Dead Sea Periclase, is currently negotiating with an unnamed Japanese company to establish a facility for the production of magnesia used in the manufacture of fire bricks. The overall investment is projected at $24...

Back to devaluation rumors. (New Israeli shekel)
October 11, 1991... The exchange rates of the U.S. dollar and the currency basket were devalued by 1.5 percent following massive purchases of foreign currency on the week ending September 27, 1991. The surplus demand of some $185.5 million was apparently due to...

Israel/Soviet Investment Co. (Isravolga)
October 11, 1991... A group of Israel investors has formed an investment company in partnership with the Soviet Avtovaz Bank. The new company has been registered under the name of Isravolga. The Israeli group is headed by Giora Gazit, a former managing director...

Water shipment to Sidney harbor. (Eden Springs, Sydney, Australia)
October 11, 1991... Mineral spring water bottler Eden Springs, is sending an initial 15,000 bottle shipments to Australia where for distribution by a Sydney supermarket chain. Eden Springs Managing Director Yaakov Kedmi says by the end of 1991, company exports...

Another ECI Telecom issue.
October 11, 1991... ECI Telecom, developers and manufacturers of circuit multiplication systems for telephone networks, is planning a $100 million share issue and sale offer. Sources say ECI will offer up to some 2 million shares of which up to 1 million will be...

Oshap high-tech U.S. issue. (Oshap Technologies)
October 11, 1991... Oshap Technologies, which has investments in various high-tech companies in software and robotics, is planning to raise some $25 million over-the-counter in New York. An initial sum of $13.5 million will come from a combined issue of...

The computer industry in Israel. (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Israel has developed one of the most advanced software industries in the world. Israel's computer professionals are excellent in their creative thinking and they have vast amounts of experience with the sophisticated computer and software...

Microsoft development center. (Special COMDEX and Technology '91 Supplement)
October 11, 1991... The Seattle-based software giant Microsoft is to set up a program development center here. Microsoft, the world's largest software company, will open its center in the Haifa industrial area, initially to be staffed by a team of 10 local...

Computer security. (Algorithmic Research) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... The proliferation of computers and data communications has, over the years, created problems of how to secure data from access by unauthorized users. One of the pioneers in this field is Algorithmic Research, a company which has developed many...

Software to South Africa. (Gavish contract with Hachmi) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Gavish of Kibbutz Givat Brenner, has signed an agreement with the South African company Hachmi for the sole distribution of its software for agricultural applications. 25 programs valued at $150,000 have already been sold and exports are...

Software to Japan. (TMS seeks Israeli software connections) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Representatives of the Japanese company TMS recently visited Israel with the objective of assisting local software houses with exports to Japan. TMS President Imai Kiyotaka accompanied by Eriz Zur, secretary of the Software Houses Association,...

Israel software to Portugal. (Kal Software Services) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Kal Software Services has received an order for software from the Portuguese Navy. The order is worth some $250,000 and includes many Faxmanager systems which are interconnected to PC system offering four communication channels for facsimile,...

Scitex and Optrotech co-op. (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Sources report high-tech companies Scitex Corporation and Optrotech are negotiating an agreement for cooperation in the field of computerized retouching for the printing industry. Shares of both companies are traded in the U.S. and both are...

New innovations from Elbit. (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Elbit Computers has recently completed development of two innovative products. The first is a home transceiver enabling the transmission of a video image, without cables, to a location situated up to 40 meters from the set which operates on a...

Japanese and South Korean deals for National Semiconductor. (Fujitsu, Goldstar, National Semiconductor Israel) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... National Semiconductor Israel recently signed an agreement with the Japanese Fujitso company and South Korea's Goldstar. Fujitso is presently exhibiting fascimiles containig National Semiconductor components in the U.S. This is the first such...

Computerized irrigation. (Gal Computerized Agriculture introduces computerized irrigation system) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Gal Computerized Agriculture of Kibbutz Heftzi-Bah has introduced a computerized irrigation system designed for use with soccer and sports fields. The system determines the quantity of water required according to the size of the field and...

Q-Text diversifies. (Dvir-Software adds languages to Q-Text 4.0 Word Processor, computer software) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... Dvir-Software products, developers of the Q-Text 4.0 Word Processor, have announced an expanded language version of Q-Text. In addition to English and Hebrew, 14 European and Eastern European languages are available allowing simultaneous...

WordPerfect in Hebrew. (Special COMDEX and Technology '91 Supplement)
October 11, 1991... The highly successful word processing software WordPerfect is soon to be available in Hebrew. WordPerfect is currently available in 17 languages and marketed in 89 countries. The company is in the process of selecting its distributor for...

B.M.W. buys local Virus. (Carmel Software Engineering's Turbo Anti-Virus, computer software) (Special COMDEX and Technology '91 Supplement)
October 11, 1991... The German car manufacturer B.M.W. will, over the next two months, be purchasing 5,000 copies of the "Turbo Anti-Virus" program developed by the Haifa-based software company, Carmel Software Engineering. In 1983, Carmel began as a computer...