The Export-Import Bank awarded yesterday to American Israeli Paper Mills, Ltd., a $3, 000, 000 credit to assist in financing purchases of pulp paper and manufacturing equipment in the United States. The loan will be repayable in 14 semi-annual installments, beginning in 1961.
The loan will be applied to the purchase of $4, 800, 000 worth of American equipment. The balance will be obtained through credits from United States suppliers and from the sale of stock, according to a spokesman for American Israeli Paper Milis. The company has already embarked on a $10, 300, 000 expansion program.
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.
