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 ■■ •• ■■ •• 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-