TEL AVIV (Sep. 24)
Establishment of a new factory in the Haifa Bay area producing synthetic detergents and financed exclusively by American capital was announced here today by Harold J. Goldenberg of Minneapolis, president of the Kadimah Commercial Corporation. He said the plant would produce twice Israel’s present consumption of detergents and its production would save foreign currency for Israel.
The company plans also to process chemicals for the textile, leather, metal and rubber industries for local consumption and export, he said. Associated in the project, he said, are a group of Philadelphians headed by William Sylk and Samuel Daroff, and Sam Rothberg and Julian Venetzky of Peoria, Ill.