The Dwyer-Baker Electronics Corporation of Miami, Florida, has concluded arrangements for the construction of two plants in Israel manufacturing machine tools and aluminum products. The announcement was made today by Shimon Y. Horn, North American director of the Government of Israel Investment Authority.
The plants will be built and operated by Oritt-Israel Corporation (Orisco), a wholly-owned subsidiary of Dwyer-Baker, at Kiriat Gat, a newly developed city between Tel Aviv and Beersheba in the Negev. One of the factories will manufacture precision machine tools and dies; the other will produce various products in the aluminum field, including automatic vending machines.
Construction of the plants begins in January 1961 and operations are expected to be under way by the end of the year. The initial cost of buildings and equipment is estimated at $1,000,000. Machinery will be imported from the United States. Dwyer-Baker anticipates annual exports of $10,000,000 from the two plants within two years.
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