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June 18, 1993 - Image 39

Resource type:
Text
Publication:
The Detroit Jewish News, 1993-06-18

Disclaimer: Computer generated plain text may have errors. Read more about this.

Risk Free and Guaranteed

In today's atmosphere of declining rates, it is reassuring
to know that a CD investment at Republic Bank is
FDIC-insured and guarantees you a solid return.

48 MONTH CERTIFICATE

Accountants On
Tax Reform

'nai B'rith Accountants
Unit will hold its
monthly seminar 6:30 -
9 p.m. June 22 at the
Jewish Community Center
in West Boomfield.
The program will qualify
for two hours of C.P.E. and
dinner will also be avail-
able.
The speaker will be
Jeffrey L. Kaplan, dis-
cussing "Tax Reform Under
Clintonomics."
Members and prospective
members are invited. For
reservations, call Leonard
Nagel, 737-2777. ❑

B

Frutarom To Buy
U.S. Firm

lectro Chemical In-
dustries (Frutarom)
has announced that its
subsidiary, Frutarom Ltd.,
is currently negotiating to
acquire an American
chemicals and fragrances
firm.
The Acre-based company
has given its wholly-owned
subsidiary permission to
continue negotiating with
the unnamed U.S. firm
whose size approximates
that of the subsidiary.
There was no indication
given as to how far negoti-
ations had progressed.
In 1992, Frutarom Ltd.
had total sales of some $25
million, up about 40% from
1991, and thus continuing
a steady rise since 1985.
About two-thirds of sales
were local.
Frutarom Ltd. produces
fragrance and taste
essences, spice mixes and
specialized chemicals for
the food industry. In the
past year, it has spent
close to $2 million of an
estimated $2.5 million
investment plan in its
Haifa Bay facilities. ❑

E

Matam Invests
$6 Million

nil

atam, which mean-
ages the high-tech
industries center on
behalf of Haifa Economic
Corp., has invested
approximately $6 million
in a building at Haifa's
industrial science park.
. The 6,200 sqaure meter
building has five floors
and accommodates Zoran
Corp. and IBM Israel's
science divisions.
The high-tech center is
situated in the largest
high-tech park in Israel. ❑

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With 10% Cap reduction plus 1st month payment, $500 refundable security deposit,
tax, tags & fees. Based on MSRP for ES 300 of $31,963; LS 400 $51,163; SC 300
Coupe $41,963. Lessee has option to purchase ES 300 for $15,342.24; LS 400
$26,604.76; SC 300 $20,142.24. Lessee responsible for excess wear and tear
based on written appraisal. Call for details.

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