US1
point Out Thai
Diamonds Can Provide
Him With An
Obvious Advantage.
The Top Ten Israeli Companies
1993 Rank 1992 Rank
1
2
2
1
3
3
4
5
6
4
5
6
7
8
9
10
7
8
12
10
The Diamond Tennis Bracelet.
So versatile, you can wear
it on the court or on the town.
We will be happy to show
him our wide variety.
Company
Sales (M)
Israel
Electric
Israel
Aircraft
Oil
Refineries
Tadiran
Tnuva
Dead Sea
Works
Scitex
Elbit
Motorola
Teva
$1.6 B
Exports (M)
$157 B
$1.2B
$900
$239
$781
$650
$580
$290
$8,900
$563
$549,700
$483,300
$405,700
$396,300
$306
$373,700
$126,100
$89,400
Source: Dun & Bradstreet / Israel Business Today
et()
Fine Jewelers
Success Tales
Est. 1919
B•/Witt/ire hire 19/9
30400 Telegraph Rd. Suite 134, Bingham Farms • 642-5575
An investment seminar for Israel hears the
success stories of American investors.
KIMBERLY LIFTON STAFF WRITER
I
SELLING SECURITY SINCE 1921
Lock Doctor®
LOCKS ALL TYPES
Locks for Wood - Steel Doors
Sold - Service - Repaired - Master Key Systems
Combinations Changed - Auto - House - Safes
Industrial
mON-FRI
Residential 8'3:Ar°
Commercial 9-1
SINCE 1921
342-6775
12911 W. 8 Mile Road • Detroit (Between Meyers & Schaefer)
L 10% OFF SERVICE CALL & IN HOUSE PURCHASE
1
• Bloom cod Bloom •
• Registered Electronics •
Come and let us remove your unwanted hair problem and improve your appearance.
Near 12 Mile Rd. bet. Evergreen & Southfield
32
559-1969 Appt. Only. Ask For Shirlee or Debby
nvestment
banker
Nathan Low of New
York thinks doing busi-
ness in Israel is the best
way to carry on family tra-
dition.
His relatives were
Zionists, some among the
small group of pioneers
who were the forerunners
of the Jewish state. Even
before, in the 1880s, his
great-grandfather, Aaron
Meir Masie, was the first
Jewish doctor in the new
Jewish communities of
Petach Tikva and Rishon
LeZion.
Mr. Low, in Southfield
on Monday for the
American-Israel Chamber
of Commerce of Michigan
investment seminar,
believes in tzedakah. He
also is a strong advocate of
utilizing Israel to generate
profits.
As president of SFG
Brokerage in New York,
Mr. Low is developing
export businesses in Israel.
He also is finding appropri-
ate vehicles for business
investments between Israel
and the United States and
Europe.
"If mutual funds and
individuals are buying
securities in South
America or Asia, they
should look at Israel also,"
he said. "Because of Israeli
government incentives to
encourage capital forma-
tion and job creation, you
cannot get a higher risk-
adjusted return anywhere
else in the world."
Also speaking at the
seminar was local investor
David Hermelin, interna-
tional chair of Israel
Bonds; Adi Raviv, vice
president of BEA
Associates in New York,
who explained the First
Israel Fund, Israel's first
mutual fund; former
Detroiter Alan Leventon, a
vice president for Merrill
Lynch in New York, who
talked about Israeli stocks
on the New York and Tel
Aviv exchanges; and
George Morgan, vice presi-
dent for MAST Industries,
a subsidiary of the Limited
Inc., who provided a joint
venture success story for
the conference attendees.
After the United States
and Israel signed a free
trade agreement (no duty,
no quota) in 1985, many
American businesses start-
ed looking to the small
country to help boost their
sales.
"We were told not to go
to Israel due to failures,
red tape, unrest and uncer-
tainty," said Mr. Morgan,
whose company, MAST, in
1986 launched a joint ven-
ture called Macpell
Industries, a textile and
apparel company. "We
clearly made the right deci-
sion by any measure and I
think there are similar
opportunities for you."
With close to 1,000
employees, Macpell - gener-
ates an estimated $40 mil-
lion a year in annual sales.
A public company listed
on the Tel Aviv Stock
Exchange, Macpell oper-
ates four plants and is
headquartered in Tel Aviv.
He estimated that 1 per-
cent of overall Limited Inc.