NEW YORK (Jul. 16)
American investments in Israel are on the increase, Mrs. Rose Halprin, member of the executive of the Jewish Agency and chairman of its economic department, reported here today. New American investment projects in the six-month period ending April 30, 1952, show an increase of more than 100 percent over similar projects in the preceding six-month period, she said.
In the semi-annual report of department activity, Mrs. Halprin listed 116 new American investment projects in various stages of development undertaken in the period October 1,1951. April 30,1952. “This indicates both increased interest and increased confidence in Israel’s investment prospects.” she stated. “The new investors have undoubtedly been guided by the experiences of other Americans who have already reported satisfactory returns on their investments.”
The report lists the following categories of new American investment projects: building materials, construction, foods and drink, agriculture, textiles, leather and clothing, metals and engineering, automotive tires and rubber, electrical equipment, pharmaceuticals and chemicals, hotels and miscellaneous.
“In the past few years, ” Mrs. Halprin said, “Americans with moderate capital have established plants for the manufacture of cosmetics, plastics, wood screws, knitted goods, zippers, dresses, auto parts, road and building equipment, kerosene stoves, pencils and a multitude of other products.