Israel’s shoe industry will undergo revolutionary changes with the establishment within the next few months of a large plant incorporating latest American machinery and techniques, and representing an investment between $700,000 and $1,000,000 of American and Israel capital, it was disclosed today by the Economic Department of the Jewish Agency.
Negotiations have just been completed with one of the largest U.S. shoe concerns, the General Shoe Corporation of Nashville, Tenn., for it to participate in the establishment of this modern factory, together with American and Israel capital headed by Joseph Sugarman, Boston lawyer and businessman, and N. Habas of Tel Aviv. The plant will manufacture all types of shoes for men, women, and children, by modern production methods at prices considerably lower than those now prevailing in Israel and will give employment to several hundred people.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
