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9/26
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Call The Saks Department
(248) 354-7123 EA. 209

Business

Scitex Signs
With Komori

Jerusalem (JPFS) — Scitex and Japan's
Komori Corp. announced a strategic
alliance for the joint development and
marketing of products and workflow
solutions.
-
The companies said at a trade exhi-
bition in Chicago that they aim to
further integrate pre-press and print-
ing functions.
Herzliya-based Scitex and Komori,
which manufactures offset and print-
ing machines, are focusing on the
interfacing of their systems.
In a statement, Scitex President and -
CEO Yoav Chelouch said that
"Komori is a natural partner for
Scitex." Komori's presses are ideal
complements to Scite.x's pre-press
products, he said.
Chelouch added that his company's
customers, "as well as the industry in
general, will see real time and cost
benefits from the integration."
Both companies have independent-
ly promoted the concept of scanless
digital process integration and control.
Yoshiharu Komori, president of
Komori, stated that "the relationship
is a logical step in line with Komori's AO
objective to expand its direct-to-plate
capabilities."
Scitex develops, manufactures, and
markets visual information communica-
tion products, for the graphic arts, digi-
tal printing, and digital video markets.
Komori, which last year had annual
sales of roughly $770 million, has sales
subsidiaries in the United States,
Britain, and Canada.

New Apartment
Sales Are Up

Jerusalem (JPFS) — The second quar-
ter saw a 5 percent increase in the
number of new apartments sold in the
big cities, the Central Bureau of
Statistics reported.
During the April-June period,
3,830 new apartments were sold in
the 24 major cities, in comparison
with 3,630 in the first quarter and
3,770 in the same period last year.
The rise was attributed primarily to
sale of flats in advanced building stage,
about 33 percent of the total supply of
new apartments, while the number of
finished and start apartments declined.
Most of the sales were in Rishon
Lezion, Petah Tikva, Tel Aviv, and
Jerusalem, in which 270 to 400 flats