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Business Modine looks forward to record year Modine Manufacturing Company expects record sales and earnings during its current fiscal year, according to its annual report. "Our prospects (or the 1984-85 year look bright," said Modine President and Chief Executive Officer Earl E. Richter. "We now expect sales to grow by 10 to 15 percent, while earnings • should increase 20 to 25 percent over the 1983-84 year," Richter said. Continuing recovery in the company's original-equipment markets coupled with increased original-equipment and af- termarket penetration should account for much of the an­ ticipated improvement, Richter said. Modine has a plant at Ringwood Road, one of 16 production facilities in the United States and Canada. Modine's net earnings more than tripled for the fiscal year ended March 31, 1984, to $12,684,000, or $4,40 per share, the second highest in the company's history, compared with earnings of $3,763,000 or $1.30 per share during the 1982- 83 fiscal year. Annual sales rose by one third to a record $225,472,000 from the previous year's $169,168,000. Net ear­ nings were 5.6 percent of sales in 1983-84, compared with 2.2 percent in 1982-83. In the future, Richter projected, company growth will come from an expansion of Modine's overseas business, including manufacturing operations in other countries, and from company sales through the aftermarket. Modine recently announced the formation of a joint venture with an Austrian company to manufacture automotive heat exchangers and currently is investigating similar op­ portunities in other countries. The company manufactures heat-transfer products - in­ cluding radiators, automotive air-conditioning condensers and evaporators, oil and air coolers, and other related products-for sale to original-equipment customers in the automotive and industrial-equipment in­ dustries. In addition, Modine sells many of these products through the aftermarket and also manufactures unit heaters and duct furnaces for the non- residential-building market. Modine's McHenry plant manufactures aluminum heat exchangers for the automotive and farm-and construction- equipment industries. In operation since 1961, the facility currently employs 200 people. In fiscal 1983-84, McHenry had an annual payroll of ap­ proximately $3,325,000 and paid about $43,400 in real estate and personal property taxes. In addition, the plant purchased about $1,000,000 worth of local goods and services. Area man named president I "I of insurance association Wm. E. "Bill" Sunderlage was installed as President of the Illinois Life Underwriters Association (ILUA) for 1984- 1985, announced Robert Hughes, C.L.U., president of the National Association of Life Un­ derwriters, Washington D.C. He was installed by Michael Keenan, C.L.U., the president­ elect of the national association at the 1984 convention recently held at the Hyatt Regency Hotel, Schaumburg. The Illinois Association of Life Un­ derwriters consist of 38 local associations located throughout the state with a membership of 5,500. Sunderlage resides in Woodstock with his wife "Sunny", and owns the Sun­ derlage Insurance Agency. He is a Charter Member of the McHenry County Association of Life Underwriters and has served in practically every leadership position in his local associations. Sunderlage was elected to the ILUA Board in 1979 and has proceeded through the chairs during the past five years. He is the first "In­ dependent" multiple line agent to be elected president. Landscaping adds much to your home Land auction set By: Yvonne Beer, Executive Vice-President, McHenry County Board of Realtors As spring and summer arrive, why not consider improving the landscaping around your home? While it is difficult to place a price on how much trees, shrubs and flowers will increase the value of your property, a well- landscaped home usually sells more quickly and at a better price than one that is not. The right shrubs and trees can ealtors ECORD screen the house off from a busy street and soften the impact of noise without blocking it out completely. Plantings can provide privacy from neighbors without shutting out frien­ dliness. Ashade tree on the south side of your home can block sunlight in the summer and lower the inside temperature by as much as ten degrees. Evergreens and shrubs can save energy, too, if they are planted on the side of your house facing the prevailing winds. In winter, they act as a windscreen to reduce heat loss. While trees and flowers are added over the years, a new house generally requires grass and foundation plantings. The yard can be seeded or sodded depending on budget con­ siderations. The best time to start your lawn is in spring or fall. If you plant before the heat of summer, you'll avoid droughts, which can keep grass from getting a good start. You'll also avoid the barrage of weeds that tend to take over a newly seeded yard in summer. For foundation plantings - the area between the foundation of the house and the point where your lawn starts - choose at least several evergreens. This way, you'll have color year round. You may want to consider various colored shrubs for blooms thoughout the seasons. You can consult a nursery for details. Perennial flowers or annuals can be added for seasonal impact. Trees come from the nursery with root systems hiltod- ind burlapped or potted, depending upon size. While larger trees are more impressive im­ mediately, they are also more difficult to plant and more ex­ pensive. While trees are ap­ propriate in the front yard or at the sides of the house to serve as a visual frame, be sure that visitors to your home have a clear view of the front door since it welcomes them into your home. In addition to the satisfaction provided by sensible, effective landscaping to increase both the beauty of your home and lower your utility bills, you can take heart in knowing that land­ scaping will be an asset when it comes time to sell. Local company gets defense contract Defense contracts are con­ tributing to the economy of Crystal Lake. The Sun Electric Corp. 1 Sun Pkwy, has received a contract to •provide $93,644 worth of starter system testers for the U.S. military services. The large firm was awarded the contract by the Defense Construction Supply Center (DCSC) of Columbus, Ohio. With an inventory of over 385,000 items, the Center last year bought over $992 million worth of items that ranged from lumber and wood products to plumbing accessories such as pipe, pumps, valves and fit­ tings. Repair parts are pur­ chased for vehicles as simple as NEW LOWER RATES IN ILLINOIS! SEE IF ALLSTATE CAN TRIM SOME FAT FROM YOUR CAR INSURANCE. Bring your policy to Allstate and compare. Shape npaSave VWe'vejust lowered our Shape Up & Save auto rates. So if your driving record is in good shape, chances are, we could save you some money Call or visit an Allstate agent today Look under "Insurance" in the Yellow Pages. And turn your pudgy policy into a lean, mean insurance machine A member of the Sears Financial Network /instate You're in good hands. Allstate Insurance Company Northbrook IL commercial trucks and sedans and as complex as military aircraft, ships and submarines. DCSC also buys such major end items as tractors, cranes, road machinery, forklifts and mechanized materials handling equipment. DCSC is a field installation of the Defense Logistics Agency, Washington, D.C. The most diverse real estate assemblage ever to be offered at public auction in northern Illinois was announced by Real Estate Auctions, Inc., a sub­ sidiary of the Chicago-based Sheldon F. Good & Company. The public will be able to purchase homes and home lots in McHenry, Wonder Lake, the Bull Valley area, Woodstock and Lake Zurich. A Woodstock office building is being offered as well as a six-acre estate with a home in Fox Lake. Large commercial and residential development parcels of up to 55 acres in Bull Valley on McConnell Road, McHenry on Route 120 and in Lake Forest at Routes 41 and 60 will be offered at the Tuesday evening, July 24 public auction to be conducted at the McHenry Country Club. Bruce Sayre, auction coor­ dinator for Real Estate Auc­ tions, Inc. commented, "we were asked by McHenry State Bank and a number of private developers and individuals to inspect properties over the past few months. Rather than trying to sell individually the owners decided to combine their resources and hold a major inventory reduction auction." Purchasers may inspect all homes and the office building and may review surveys and income qualification charts beginning July 14. Special below market rate financing is being provided by McHenry State Bank for a majority of the properties at rates ranging from 12 to 12 % percent. Financing for other properties is available at interest rates as low as 11 percent. A pictured auction brochure with terms of sale will be mailed on request by calling (312) 630- 0915. Scan-Am celebrates 25 years Officers, employees and guests of Scan-Am Co., McHenry, joined in celebration of the company's 25th year in busines recently. Founded President LeRoy E. Olsen Warren Donewald, of Rockford, and Daniel Marlowe, Lake Zurich, in May, 1959, the com­ pany has served the midwest with products ranging from bank currency counting machines to advanced internal communications systems, in­ cluding nurse call systems and telephones. The company began when Olsen noticed a picture of a currency counting machine in the Chicago Tribune and, backed by his two partners, traveled to Norway to in­ vestigate the product. In doing so, he established relations with the Gustav A. Ring Co. of Oslo, Norway, with whom Scan-Am has developed a 25-year relationship, offering innovative intercom products to business and industry. The trip also yielded representation of the Thomas de la Rue Co. of London, England, in the currency counting machine field. The McHenry company is currently expanding into Director James F. Kerr, President LeRoy E. Olsen, Director John F. Gustafson and Daniel Marlowe, one of the founders of Scan-Am Co., display a special cake commemorating the McHenry com­ pany's 25th year in business. products for luxury homes as well as representing the Americn Zettler Corp., California, in the nurse call field. After first locating on Crystal Lake Road in McHenry, the expanding company moved into its own building at 1705 S. Route 31 in May of 1969. Present directors are Olsen, Donewald, James F. Kerr and Reduced rates are currently available in many areas of Illinois Where the Kids are always welcome Jjtihop Jluffet FRESH, HOMESTYLE COCKING Because we are a family restaurant, we love kids. We even have a special children's hostess to help you with the little ones as you select your food. We also have smaller portions, high chairs and balloons. Our goal is to make it easy for you and fUn for them. Come eat with us soon. Spring Hill Mall John F. Gustafson. The com­ pany employs 15 people. At the recent dinner-theater party, Olsen said, "Our first responsibility has been to our customers and we are most grateful for their business. But, it is our dedicated employees who have given us our good reputation, our suppliers who have provided us with quality products and our committed Board of Directors and Stockholders who have sup­ ported us through the years." Business briefs HIGH INTEREST State Treasurer James H. Donnewald announced the deposits of state funds during May earned $16,486,974 for the taxpayers of Illinois. "This is the third consecutive month in which our interest income has topped the $16 million mark," Donnewald said, "and the third consecutive month in which funds available to us for short or longer term deposit were back in the $2 billion average range." FREE SEMINAR Members of the business community have an unique opportunity to learn about estate planning and its business im­ plications, at a free workshop being offered by Home Federal Savings, Waukegan. The program is open to the public and will be held on Wednesday, June 27, from 8 a.m. to 10:30 a.m. at the Sheraton-Waukegan Inn, 200 N. Green Bay Road, Waukegan. Telephone reser^ vations are required. f