I NEWS I
Wish All Their Friends & Relatives
A Very
Healthy & Prosperous
The Sincgars radio system, made by Tadiran.
Israeli Companies
Post Higher Sales
SHIMON BEN NOACH
Special to The Jewish News
I
Wishes Its Customers
and Friends A
Healthy and Happy
NEW YEAR
Northwestern Hwy at Inkster • Applegate Square
354-4560
May the coming year be
filled with health, happiness
and prosperity for all of our
Families, Friends and Customers
CSHANA TOVA
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Futu ristic
Furnishi mis s Inc.
ANDREW D. SALLAN
SCOTT P. DRESNER
srael's economic situation
is not as bleak as it is.
often believed: impressive
industrial and commerical ac-
complishments have been
sustained. Almost $10 billion-
worth of goods were exported
during 1988, representing 45
percent of total production
and a rise of 20 percent over
the previous year.
Statistics contained in the
latest edition of "Dun 100 —
Israel's Leading Enterprises"
— a survey by Dun and Brad-
street International, the
renowned business informa-
tion concern — make for en-
couraging reading. Headlines
may give the impression that
Israel's economy is in severe
recession, but Dun and Brad-
street paints a more positive
picture.
For example, Israel's 100
largest industrial companies
had a combined annual in-
come of $10.6 billion, 15.2
percent more than the
previous year. This figure
represents more than triple
the overseas aid given by
America and dwarfs the $800
million received in Diaspora
donations. The framework for
an independent economic in-
frastructure within Israel is
clearly and firmly in place.
Israel's largest single com-
pany, with an annual income
of just over $1 billion, re-
mains the state-owned Israel
Aircraft Industries, despite
the cancellation of the Lavi
project. In second place is
another government-owned
company, the Israel Electric
Corporation, whose annual
income is $858 million.
There are seven state-
owned companies in the top
100. According to Dun and
Bradstreet, 25 percent of
Israeli production is run by
the government, 25 percent
by the Histadrut trade union
movement and 50 percent by
the private sector.
The third and fourth largest
companies in Israel, Tadiran
and Thuva, are owned by
Hevrat Ha'ovdim, the
Histadrut's holding company.
Tadiran manufactures elec-
tronic equipment including
the Sincgars (single channel
ground and airborne radio
system) CNR 900, which will
be sold to the U.S. Army over
the next 15 years. Tadrian has
annual sales of $800 million
and is owned by the Koor con,
glomerate. Thuva, which pro-
duces dairy goods, reported
sales of $458 million.
In fifth place is the Dead
Sea Works Ltd. — owned by
Israel Chemicals Limited, a
government corporation —
which manufactures chemi-
cals and whose annual sales
are $400 million. This com-
pany also made the largest
pretax profits in the country,
$27 milion, and was the se-
cond largest exporter ($400
million).
Sixth is Oil Refineries Ltd.
— owned by the government
— which produces chemicals
and minerals. Annual sales
are $290 million. Seventh is
Polgat Industries Ltd. — own-
ed by Clal — a textile pro-
ducer with sales of $230
million. In eighth place is
American Israeli Paper Mills
Limited; privately owned, its
wood and paper products
bring in $186 million
annualy.
Ninth is Elbit Computers
Ltd., owned by Elron Elec-
tronics, with annual sales of
$184 million. And finally, in
10th place is the privately
owned Elite Israel Chocolate
and Sweet Mfg. Co. Ltd.,
which brings in $182 million
in annual sales.
Other highly successful
concerns include Teva Phar-