CHICAGO (Aug. 1)
The Zenith Radio Corporation of Chicago signed an agreement this weekend to participate in erection of a $3,000,000 plant in Israel to manufacture radios, television sets, and other electronic goods. The agreement was signed in Chicago by William Robinson, an industrialist, and representatives of the Zenith firm.
The signing ceremony was witnessed by Israeli Economic Minister Nahum Shamir and Yehuda Gill, director of the Israeli Investment Authority in the United States. Zenith will invest 25 percent of the cash required for the new plant and all the know-how required. The president and vice-president of Zenith will be members of the board of directors of the Israeli plant. The agreement is subject to approval by the government of Israel.