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Ampal Turnover Will Be $45,000,000 This Year, President Reports

The American Palestine Trading Corporation, Ampal will have a turnover of approximately $45,000,000 in the current year, it was reported here today by Abraham Dickenstein, president of the corporation, on the occasion of Ampal’s 19th anniversary.

Addressing a press conference, Mr. Dickenstein said the Ampal operations this year include about $20,000,000 in financing and investing, $18,500,000 in purchases for Israel, about $6,000,000 in shipping and $500,000 from the sale of Israeli merchandise, mainly diamonds, in the United States.

“Ampal now completes the first 10 years of its existence, which has been marked by a dynamic growth and the building of far-flung interests in numerous aspects of Israel’s economy,” Mr. Dickenstein said. “The capital funds raised by Ampal have been used to grant loans to many institutions active in or on behalf of Israel. A subsidiary of Ampal, the Israel Purchasing Service, Inc., has supplied increasing amounts of machinery, raw materials, and other goods to industrial and other enterprises in Israel.”

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