Two million pairs each of synthetic shoe soles and heels will be produced annually in Israel in a new factory scheduled to be completed before the end of this year, it was announced here today.
Three firms have executed a contract providing for an equal one-third investment in the new enterprise and entitling each participant to a one-third interest. The initial capital investment for the new undertaking will exceed $400,000. The initial annual saving to Israel in foreign exchange will approximate $600,000. One of the three firms is the Palestine Economic Corporation and the other two are private corporations.
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.
