NEW YORK (Sep. 25)
More than 40,000 cargo tons of specially designed equipment valued at $9,000,000 is now on the high seas aboard two Israel-bound freighters as part of a crash program designed to quadruple the production of chemicals and minerals from the Dead Sea within the next two years, it was announced today by Jacob R. Sensibar, president of Construction Aggregates Corporation of Chicago, addressing a press conference.
Mr. Sensibar is directing a vast construction program at the Dead Sea envisaging the erection of 25 square miles of dikes atop the historic body of water, which will accelerate and expand Israel’s production of potash. At the present time, Mr. Sensibar said, Israel produces 150,000 tons of potash annually, a figure that will rise to 600,000 tons by 1965, valued at more than $35,000,000.
Part of the funds that are being used to finance the $25,000,000 dike-construction program has been made available by the World Bank for Reconstruction and Development. The overall project is in full swing. A total of 850 engineers, technicians and workmen will be employed on the site, Mr. Sensibar, who is president of the American Technion Society, sponsor of the Technion-Israel Institute of Technology in Haifa, said.