Israel will start to produce its own nylon next May, it was announced here last night at a meeting of shareholders of the Rogosin Industries, Ltd., which is now producing rayon and tire cord fabric in the Jewish State. Beginning May 1st, the Rogosin enterprise in Israel will open a factory for producing nylon, 75 percent of which will go for export, it was reported at the meeting by Eric Gelber, general manager of the Rogosin plant.
Mr. Gelber lauded the cooperation of the Israel Government and the Histadrut with the Rogosin enterprise. He said that the workers at his plant are highly efficient and greatly devoted to their work. He reported that the Rogosin plant is now working in Israel at a profit which would permit the payment of three percent dividend to shareholders. Mr. Israel Rogosin, president of the company, told the meeting that he is determined “to do his utmost” to help Israel’s industrial development. He was given a rising ovation by the shareholders.
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