The Alternative To
Cookie Cutter Insurance.
DAVID page 51
We start with a blank sheet of paper.
We develop long-term solutions.
We're looking for strategic partners.
We want to satisfy your needs.
We're proud of our 97% retention rate.
We're long-term players.
We rarely leave a program.
The Alternatives People:
Meadowbrook Insurance Group, The Alternatives People, specializes in property,
casualty and benefits programs, including group captives and other
alternative risk management programs.
We've been the unique alternative for the past 40 years for associations, brokers,
businesses, groups and risk managers...almost anyone requiring special
solutions to today's business challenges.
We also specialize in quality, low cost homeowners and automobile insurance.
EADOWBROOK
26600 Telegraph Road
Southfield, Michigan
48034-2438
a
MIG
NYSE
GROUP
Star Insurance Company, Rated A- (Excellent) by A.M. Best
Savers Property and Casualty Insurance Company, Rated A- (Excellent) by A.M. Best
American Indemnity Insurance Company, Ltd.
Call 1-8 0 0-INSURANCE
for Alternatives—ext. 297, for Personal Insurance—ext. 294
NEL FARR
Metro Detroit
LINCOLN
MERCURY
GID Other Dealer
NEW '96 LINCOLN CONTINENTAL
ZERO DOWN!
..7„.
1...
. ,
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—
41111 ■ L At
MINNA
"EQUITY TRADE PROGRAM"
We Pay Off Your Trade
Regardless of How
Much You Owe!'
TOYOTA
MAZDA • VW
NEW '96
TOYOTA CA :Y
erm m os _,
I
(NEW '96 MERCURY VILLAGER GS
RO DO
I
Lease $298.05 * Per m
24 mos—.
18673, Aulo, air, pwr. pkg.,
11703, Aulo, pwr. moonroof, Am/Fm cars., CD
Am/Fm/cars. & more
player, gold pkg., rear spoiler. mud guards,
pwr., pkg, air and more!
$1250 down, $225 sec. dep
NEW '96 MAZ A 626 LX
Lease 01ca*
— From 9IU4 24 os_
411•111 ■
1L61108, 692A- Pkg., Light group, vent window, and more! Zero down includes
$1000 rebate, $325 sec. dep. 12,000 miles per yr.-closed end lease.
4178
Highland Rd
Waterford
NEW '96
VW JETTA
ease t inn* Per mo.
From 910 24 mos
Lease $ 498 .05* L
1L61242, Touring package, healed sea s, LOADED! Zero down
includes $3250 in rebates applied as down payment, plus includes $500 owner
loyal! down. $525 sec. d 12 000 mile . - r .-closed end lease.
6 Tacil Less!
'"
41 ■ 11M.
18447, Auto.. air, AM/FM/Cass., CD player, Gold pkg., and more! $1250 down, 200 sec., dep.
CALL NOW! 24 HOUR INFORMATION CENTER 1765 S. Telegraph Rd
1 -800-MEL-FARR
Bloomfield Hills
OPEN SAT. 10-3
/LAI.
All prices plus tax, title, plate, lic., doc., and destination or acquisition fees. Leases all require 1st mo. & sec. dep. plus down pymt. Based on conventional financing. To get pymt. multiply by no. of
mos. Option to purchase at lease end for predetermined amt. Price determined at lease inception. 15,000 mile/yr. limit on leases. Ilc per mile excess (12,000 miles/yr. limit on Import leases. 10c
mile excess). Lessee responsible for excessive wear & tear. Dealer not responsible for typographical errors. Pictures may not represent actual vehicles on sale. Prior sales excluded. Dealer
financing on select vehicles only. Others require conventional credit approval. ♦ Customer must meet min. down pymt. requirements for approved credit w/ FMCC. Valid on 2 or 3 yr. Red Carpet
Leases only. Valid on new vehicle leases only. On vehicles of greater value than pay-off of trade-in. Difference between cash value & of trade & pay-off amt. will be added to cost of new lease.
Pymts. on lease may increase accordingly. The difference may be paid. up front w/ down pymt. on lease if customer chooses.SALE ENDS Friday, July 12, 1996 at 6 p.m..
dissemble, repair and make parts
for F15 and F16 jet fighters,
Blackhawk and Apache heli-
copters, among other aircraft, in
large, orderly hangars painted in
green with blue, red and yellow
trim.
In the manufacturing build-
ing, a neat display of small en-
gine parts, including casings,
turbine disks and flame holders,
is on view for potential cus-
tomers. Miro Bitton, training
manager in the manufacturing
division, who has been with the
company for more than two
decades, says the changes he has
witnessed from the company's
physical conditions to worker mo-
tivation have been revolutionary,
adding that individual worker
output doubled from $27,000 per
year in 1992 to $54,000 in 1995,
and workers have not gone on
strike since the takeover.
Standing before a broaching
machine, which makes slits for
blades in steering-wheel-sized
discs which then become part of
Pratt and Whitney and General
Electric jet engines, Mr. Bitton
says: "Before, workers would try
20 times to get one good part.
Now they try once and that's it."
When Mr. Shacham arrived
at Beit Shemesh, he realized an-
other one of his tasks would be
to improve the plant's reputation
among potential clients who had
previously been disappointed by
the company's failure to meet
budgetary targets and delivery
dates.
Although Mr. Shacham says
Beit Shemesh is a "tiny, tiny
player" in the world marketplace,
the international market is es-
pecially important to Beit
Shemesh, which could not sur-
vive solely on the Israel Defense
Ministry's business.
"The future of this company
is in exports," says Mr.
Shacham. "If we think we can
depend on the local market, we
might as well shut down today."
The globalization process be-
gan in 1992 when Pratt and
Whitney gave Beit Shemesh a
small, $500,000, five-year con-
tract for its Spacer line. Em-
ploying its new philosophy of
delivering goods on time for the
negotiated rates, the renewed
company succeeded in impress-
ing its client and is now looking
at $7 million in sales to Pratt
and Whitney for 1996.
Mr. Shacham anticipates a
resurgence in the industry. Al-
though Beit Shemesh saw im-
provements in business over the
past four years, international
aviation business shrank by 35
percent over the same period.
The falloff occurred because of
the collapse of the former Sovi-
et Union and big losses airlines
around the worldhave suffered.
Now, he says, airline companies
have used up their spare en-
gines and parts and will have to
purchase more and service their
existing ones.
With all indications showing
the industry has hit rock bot-
tom, Mr. Shacham expects de-
mand for Beit Shemesh's
services to increase. And the
company is simultaneously ex-
panding into the production of
turbine engines for use in Or-
mat's power generating plants,
which are located in 11 coun-
tries.
But despite all the good news,
he says he is not satisfied.
(_\
The company's target is to
double its volume to $40 million
by the year 2000 and to maxi-
mize worker output.
"It will take five more years
before we will be as strong as we
want to be." ❑
LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES
June 21
June 28
Change
NASDAQ
'18.12
'17.25
-'0.87
ECI Telecom
NASDAQ
'24.00
'23.25
TEVIY
Teva Pharm
NASDAQ
'39.75
'37.84
IEC
PEC Israel
NYSE
'18.37
'18.12
ELBTF
Elbit Computers
NASDAQ
'17.75
'17.61
ELT
Elscint LTD
NYSE
'12.84
'11.61
ELRNF
Elron Electronics
NASDAQ
'10.81
'11.37
TAD
Tad i ran
NYSE
'26.37
'27.00
CMVT
Co mverse
NASDAQ
'27.75
'30.50
ISL
First Israel Fund NYSE
'11.87
'11.50
Symbol
Name
Exchange
SCIXF
Scitex
ECILF
5 1.91
5 1.23
-50.37
Source: Allen Olender, Prudential Securities,
West Bloomfield.