History
The company was established in 1930 by Moshe Novomeysky. It was known then as the Palestine Potash Company. From 1936, it was a profitable enterprise despite attempts by the German potash cartel to strangle the business by dumping potash at below-cost prices.
In the Israel War of Independence in 1948, the northern half of the production facilities was occupied by the Jordanian Legion, which destroyed the plant and looted the machinery.
In 1951, the company was nationalized by the Israeli government under the Ministry of Development. In 1953, it was renamed the Dead Sea Works.
Read more about this topic: Dead Sea Works
Famous quotes containing the word history:
“It may be well to remember that the highest level of moral aspiration recorded in history was reached by a few ancient Jews—Micah, Isaiah, and the rest—who took no count whatever of what might not happen to them after death. It is not obvious to me why the same point should not by and by be reached by the Gentiles.”
—Thomas Henry Huxley (1825–95)
“Universal history is the history of a few metaphors.”
—Jorge Luis Borges (1899–1986)
“The history of modern art is also the history of the progressive loss of art’s audience. Art has increasingly become the concern of the artist and the bafflement of the public.”
—Henry Geldzahler (1935–1994)