Mack Trucks Buys $1m in Israel Bonds
Menu JTA Search

Mack Trucks Buys $1m in Israel Bonds

Download PDF for this date

A purchase of $1 million in State of Israel Bonds to further the economic growth of Israel was announced here yesterday by the chief executives of Mack Trucks, Inc. Zenon C. Hansen, chairman of the Board, and Henry J. Nave, president of the firm which has its executive headquarters in Allentown, Pa., presented a check for that amount to Ambassador Yitzhak Rabin of Israel at a press conference at the Israel Embassy.

In announcing the $1 million Israel Bond purchase, Hansen said that “Israel is a country of growth with a promising future.” He added that “we are impressed with the rapid growth of industrialization and with the progress of the economy which had to rely on the productivity of its human resources to make up for the deficiencies of its natural resources.”

Rabin, accepting the check, expressed gratitude to Mack Trucks and appreciation of the warm friendship towards Israel displayed by its executives. He said he was confident that the close ties between the company and Israel, now being cemented by a further step, would continue to prove equally beneficial to Mack Trucks and to the Israel economy.

Mack trucks are assembled and sold in Israel by Elkon Brothers an independent Israeli firm which has been the sole distributor of its vehicles for the past 38 years. As part of the cooperation of Mack Trucks in the Israel Bond program, a dinner will be held Nov. 19 in Allentown, Pa., in honor of Hansen.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund