▪
12 MONTH
CERTIFICATE
\-2
11:45-1:30 p.m. Wednesday, the largest producers of glass
March 19, at the Fairlane Club, bottles and jars in the United
Dearborn. The fee includes net- States.
working, lunch and presentation
According to the CPI-Phoeni-
on 'The Russian Market Today." cia agreement, CPI will provide
Call (313) 479-2345.
Phoenicia with know-how and
technology intended to increase
The automobile forfeiture the company's range of products
law will be discussed in a sem- and market share.
inar hostd by the Criminal Law
Committee of the Oakland
County Bar Association, 4-6 p.m.
Wednesday, April 9, at the Oak-
land Bar Center, 1760 S. Tele-
graph, Bloomfield Hills. To
Jerusalem (JPFS) — Motorola
register, call (810) 334-3400.
Semiconductor Israel Ltd., a sub-
An executive forum to help em- sidiary of Motorola Israel, is
ployees balance work and seeking investments for a new
family life will be held 7:30 development center. The center,
a.m.-12:30 p.m. Wednesday, which will function as an exten-
April 9, at the Dearborn Inn. The sion of the company's .Herzliya
fee includes breakfast, materi- plant, will be located in Israel's
als and parking. To register, call south and is expected to begin
operating in six months.
(810) 647-4016.
Motorola expects to invest $9
million in the new plant over the
next three years and has applied
for governmental financing. The
Treasury has not yet responded
to the company's request.
Jerusalem (JPFS) — Senior
Motorola Semiconductor gen-
Samsung Electronics Co. officials eral manager Israel Kashat said,
will visit Israel to investigate "We evaluated that in the south
possible investment opportuni- of Israel there is a growing reser-
ties and cooperation possibilities, voir of qualified engineers, and
an Israel Industry and Trade we hope to recruit dozens of en-
Ministry spokesman said.
gineers in the first year."
Samsung Electronics is look-
ing to open an office in Israel and
establish a research and devel-
opment center.
The company is interested in
building links in the fields of
communications, computer soft- Jerusalem (JPFS) — Sol-Melia,
ware and hardware and semi- the Spanish-owned tourism con-
conductors. The companies lined glomerate, intends to become
up for cooperation with Samsung involved in 10-15 hotels and
include Telrad, Rad, Tadiran holiday villages in Israel, a
Communications, Chip Express spokesman for the company
said.
and many start-up firms.
Gabriel Escarer, the president
of the Spanish company, is ex-
pected to sign an agreement with
the Kfir construction company
to manage the Nof Orna Hotel
in Bat-Yam.
Jerusalem (JPFS) — The Cana-
In a related development, Is-
dian-based Consumer Packag- rael Tourism Minister Moshe
ing Inc. and Phoenicia Glass Katsav met with representative
Works, a wholly-owned sub- of Tauck Tours, an upmarket
sidiary of Koor Industries, are U.S. tour organizer which had
considering a joint investment decided to include Israel among
in Turkish glass container man- its destinations. The company,
ufacturer Sisecam, CPI general which formerly only had tours in
council Gary Walters said.
North America, began to send
CPI completed the transaction clients abroad in 1991. Last year,
to purchase 25 percent of Phoeni- about 100,000 participated in its
cia for $4.35 million. Under the overseas tours.
agreement, CPI has received
17.5 percent of the local glass
manufacturer's shares. The re-
maining 7.6 percent of Phoeni-
cia's stock will be transferred in
four months. .
The normal deadline for local
The agreement marks CPI's
first investment in the Middle
news and publicity items is
East. CPI is the third-largest
noon Thursday, eight days pri-
glass firm in the world, with an-
or to issue date. The deadline
nual sales of $1.2 billion.
for out-of-town obituaries is 10
The company, in partnership
a.m. Tuesday, three days prior
with Owens-Brockway Glass
to issue date.
Container, recently signed an
agreement to buy Anchor, one of
5.75%
INTEREST RATE
5270
A.P.Y./*
Motorola Seeks
Israeli Center
60 MONTH
CERTIFICATE
&MP
INTEREST RATE
• 1 3%
Samsung Mulls
Israel Investments
Spanish Invest
In Israeli Hotels
Glass Deal
In Turkey
•
•
Publicity
Deadlines
These are fixed rate certificates of deposit that are insured by Federal Deposit
Insurance Corporation (FDIC). A minimum opening deposit and balance of $500.00
is required to obtain the stated Annual Percentage Yield.
AFLAOSTZIRsm
BANK
EQUAL HOUSING
OPPORTUNITY
CALL (810)338-7700 or (810)352-7700
LENDER
Main Office 2600 Telegraph Rd. Bloomfield Hills, MI 48302
*****.
* Federally Irrwred
# 4,
to srm.000
*
*
;
•
*******
*Annual percentage yield when compounded quarterly. Rate is accurate as of 3/14/97. Penalty for early withdrawal from certificate accounts may be assessed.
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