Israel Plans Erection of 50 Large Metal Plants; Seeks Investors

The Israel Government today made public a list of more than 50 new metal plants needed in the country, some of which require capital investments from $50,000 to over $500,000.

In basic industry, the Israel Government would welcome investments for the establishment of a series of plants to produce pig iron from native or imported ores and to refine this product into low carbon and alloy steel for use in steel foundries and rolling mills to be built in the country.

The Israeli authorities would also welcome investments for the erection of a steel foundry with a capacity of 2,500 tons of steel castings per year. Production will include parts for agricultural machinery, rock crushing machinery, pneumatic machinery, trailer equipment, automotive parts, railway car parts, rolling mill parts and oil refining fittings.

Israel, according to the list, is also interested in the establishment of three or four grey iron foundries each with an annual capacity of approximately 3,000 tons per shift. Also, an integrated non-ferrous metals plant processing copper and aluminum and their alloys.

In the field of producer goods and equipment, the Israel Government seek investors to establish a tool and die factory situated so as to serve all the major mass producing metals and plastics plants of the country; a factory for the production of machine tools; a gear factory; a file and rasp manufacturing plant and one for the manufacture of woodworking machinery.

Israel would also welcome investments for the erection of an assembly plant for tractors and heavy agricultural machinery; a factory for the production of light agricultural machinery and implements; a factory for production of elevators; factories for manufacturing of bakery equipment, laundry equipment, kitchen machinery, carbonating machinery and for the production of air conditioning systems.