American industrialist Israel Rogosin has again reversed himself and will resume work on a $20,000,000 rayon mill located in the town of Ashdod on the Mediterranean coast, he revealed today. His decision came after a flying visit to Israel and a conference with Finance Minister Levi Eshkol.
In a formal statement, Mr. Rogosin attributed his most recent change of mind to Mr. Eshkol’s enthusiasm which, he said, had persuaded him despite a decision to wind up the project. The industrialist, who pledged to make good every cent invested in the project by anyone other than himself when he announced he was through, today expressed the conviction that the plant was a worthwhile industrial project as well as most useful for Israel’s economy. He contrasted the skepticism and jealousy he had encountered among Jews in America with the “dynamic confidence” he had found here.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
