The Ministry of Commerce and Industry ordered the Nesher Cement Co, yesterday to import more cement in order to relieve a shortage of the product which is selling on the black market here for double the normal price.
Nesher has a monopoly on the domestic cement market but is required by its terms to import cement if the output of its own plants cannot keep pace with demands, as is the case at present. The firm is required to sell the imported cement at the same price as the domestic product even though the former is more expensive. Building contractors have complained recently that Nesher was circumventing its obligation by delaying imports.
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.
