An agreement for the construction of a $16,000,000 complex of petrochemical plants was signed here today by Finance Minister Levi Eshkol and four groups of investors. The new plants will manufacture carbon black, ethylene, poly-ethlyene and raw materials for detergents.
The investors group included two Israel oil companies–Haifa Petroleum Refineries and Paz, the successor to Shell; an American group consisting of the Israel Investors Corporation, Max Fisher of Detroit, Ralph Wechsler of New York and Rudolf Sonne-born, owner of Sonol, the successor to Socony Vacuum here; a Latin American group including Yoel Ostrovich, a plastics industrialist and Max Pfeffer, a paper industrialist, and an Israel banking group consisting of the Development and Mortgage Bank and the Israel Discount Bank.
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