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potash producer, manufacturing over
one million ton a year. Dead Sea
Works, which is one of the world's
five largest potash companies, pro-
duces some 2.5 million ton a year.
Arkia Aircraft
Opens In Nigeria
Jerusalem (JPFS) — Arkia, Israel's
second-largest airline, is branching
out further into the overseas market
by setting up an airline in Nigeria.
The company also is purchasing air-
craft for some $300 million.
Speaking at a press conference in
Tel Aviv, Arkia president and CEO
Israel Borovich said that the compa-
ny realized some years ago that if it
wanted to expand significantly it
needed to enter the market of char-
ter flights abroad.
Arkia is setting up a domestic air-
line in Nigeria together with Koor
subsidiary Belton-Dizengoff and a
Nigerian company. Arkia and
Belton-Dizengoff each are to own 30
percent of the company and the
Nigerian partner is to hold 40 per-
cent, with an initial overall invest-
ment of $2.5 million.
Coca-Cola Issues
Ramallah Franchise
Jerusalem (JPFS) — The Coca-Cola
Co. has issued a franchise for the
West Bank and Gaza Strip to a
Ramallah bottler, in which the
Atlanta, Ga.-based company has also
purchased a 15 percent stake.
Production by the National
Beverage Co. of Coca-Cola, Diet
Coke, Fanta and Sprite is due to
begin on Aug. 1.
Distribution of the products to
the Palestinian areas was previously
carried out by the Bnei Brak-based
Central Bottling Company, which
has been producing in Israel for 30
years.
Coca-Cola country manager Ian
Shackleton said the deal with
National Beverage was the result of a
multi-million dollar investment in
the Ramallah plant by the share-
holders to bring the factory up to
Coca-Cola's standards.
Under the franchise, National
Beverage will not be allowed to sell
its products in east Jerusalem, which
will continue to be supplied by the
Israeli plant.
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Detroit Jewish News
115