is
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THE 1997 CADILLAC DEVILLE...
AN AUTOMOTIVE SPA ON WHEELS
Australia Seeks
Investments
CPC already holds a 51 per-
cent share of IEP, with the re-
maining 24.5 percent owned by
the family of the late George
Factor.
Tami distributes a variety of
CPC brand name products, in-
cluding Mazola and Knorr. The
firm also produces and markets
Telma products, Blue-Band
margarine, Vered Hagalil choco-
late and 778 preserves.
Koor says the sale of its Israel
Edible Products holdings is part
of an overall strategy to get out
of activities which are not cen-
tral to its operations, and in-
stead focus on electronics,
telecommunications, energy and
related fields.
IEP ranks 30th in terms of
Israel's industrial leaders by
sales volume, according to Dun
& Bradstreet International.
Sales totalled $211.6 million last
year.
Jerusalem (JPFS) — Several
Australian firms are considering
multi-million dollar investments
in Israel, according to the Center
for Business Promotion. Their
interests span from agriculture
to engineering.
Negotiations between Sun-
'Thine Consolidated Industries
and Israel Aircraft Industries to
establish an advanced carbon
fibers factory are "at an advanced
stage," CBP foreign investment
specialist Shachar Meidan said.
The factory, which would be
built in Israel, would produce ce-
ramic materials for aircraft parts.
The Australian company al-
ready has a patent for the antic-
ipated method of production and
would supply the knowhow for
the operation, while IAI would
manage the industrial produc-
tion and marketing aspects. The
factory would cost tens of millions
of dollars to set up.
The partnership was initiated
when Sunshine approached the
Israeli embassy in Australia,
which in turn asked CBP to find
prospective business partners.
Elsewhere, Australian Mul-
timedia Enterprise Ltd. head of
policy Rohan Melhuish paid a
three-day visit to Israel in search
of business partners. The com-
pany is looking to invest up to
$40 million in multimedia part-
nerships.
NSW, which specializes in se-
,. curity systems software, recent-
ly met representatives of MLL,
Tadiran and IBM here with a
view to working in tandem on
Conversion 2000. Firms through-
out the world are attempting to
develop ways of amending soft-
ware to cope with the change of
dates in the new millennium.
One other unidentified com-
pany has been meeting Israeli
advanced aquaculture experts for
help in setting up a multi-million
dollar fish-breeding project in
Australia.
"The Australian economy was
traditionally based on natural re-
sources and agriculture, and was
more or less a closed economy,"
Meidan said. 'They realized they
couldn't advance their economy
without advanced technologies."
Koor Selling
Israel Edible
Polish Deal
For Edusoft
Jerusalem (JPFS) — Edusoft, a
manufacturer of educational
multimedia tools and a sub-
sidiary of Degem Systems,
signed a deal with the Warsaw-
based company Optimus.
Optimus, the largest corn :
puter and software manufac-
turer in Eastern Europe, will
market Edusoft's line to home
users.
*GMAC SMARTLEASE 36 Mos. First Pymt, Ref. sec. dep. of $600. Down payment as shown above, plate or transfer fee due on delivery. State & lux. tax additional.
Mile limitation of 36,000. 15c per mile excess charge over limitation. Lessee has option to purchase at lease end. Sedan DeVille S21 628. To get total payments,
multiply payment by number of months.
Finjan Markets
New Software
Jerusalem (JPFS) — Finjan
Software Ltd. of Herzliya intro-
duced the first product available
to corporations to protect their
computer networks from poten-
tially harmful or unauthorized
downloadables.
Through SurfinGate, corpo-
rate security managers can de-
termine which business groups
or departments are granted
which resources and at what
times, and can set the software
according to corporate security
policy.
If traveling west on 1-696, exit Hoover, follow Service Drive to RINKE
If traveling east on 1-696, exit Van Dyke; take to second bridge past Van Dyke over expressway to RINKE
New Partner
For Geotek
Jerusalem (JPFS) — Geotek
Communications and RWE Tel-
liance have announced a defin-
Jerusalem (JPFS) — Koor In- itive partnership agreement
dustries Ltd. is at an advanced to merge their respective analog
stage of negotiations to sell its networks. Together, the net-
works will service more than
24.5 percent share of food dis-
tributor Tami - Israel Edible 33,000 business users in 12
of the 14 major economic regions
Products to U.S.-based CPC In-
in Germany.
ternational Inc.
The joint operation will pro-
Koor refused to reveal the
vide
mobile voice and
terms of the deal, but experts data integrated
communication services for
suggest the shares to be worth
fleet-based businesses.
$35-45 million.
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