Industry was given a tremendous fillip in this Jewish city during 1933.
No less than sixty-three new factories with a capital of over £100,000 were established in the civic environs and neighborhood during that year, of which thirteen were textile plants, eleven in Tel Aviv and two in Ramat-Gan with over £25,000 capital.
In seventeen steel-working concerns over £20,000 were invested, while a similar amount was placed in chemical industies. Nine building materials establishments had capital of over £12,000. Paper and printing workshops absorbed £ 4,500 (one in Petach-Tikvah) and £4,000 were invested in three woodworking factories. The sum of £14,000 was placed in nine factories for various types of soft goods and haberdashery.
Average capital of each factory amounted to about V1,700 ($8,500), but in some the capital was as low as £500 and in others as high as £8,000. The working capital of these establishments was far more than initial capital investments. Sixty-one of the factories have already marketed their products.
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.
