Document Type: 
Document Number (FOIA) /ESDN (CREST): 
Release Decision: 
Original Classification: 
Document Page Count: 
Document Creation Date: 
November 9, 2016
Document Release Date: 
December 7, 1998
Sequence Number: 
Case Number: 
Publication Date: 
March 31, 1949
Content Type: 
PDF icon CIA-RDP82-00457R002500700002-9.pdf121.98 KB
25X1A9a NO. OF PAGES 2 25X1 A2g 25X1A2g DATE DISTR. 3 N1,.9 1;;4G* NO. OF ENCLS. (LISTED BELOW) SUBJECT The Photochemistry Joint Stock Company, Vac PLACE ACQUIRED 25X1 A6a DATE OF IN 25X1X6 SUPPLEMENT TO REPORT NO. 1. The former Kodak Photo Company at Vac, which has been idle since 1944, was bought in 1947 by the Hungarian Credit Bank and was reestablished the same year under the name Photochemistry Joint Stock Company. 2. The company produces photo paper and has maximum capacity of 100,000 square meters per month. In 1947 the monthly average production was 20,000 square meters, which was gradually raised to 80,000 square meters by November 1948. The company employs a total of approximately 100 trained workers. The special raw material paper is imported from Belgium, England and-the t-iestern Zones of Germany. Some of this paper was also bought in Czechoslovakia; however, the paper of Czechoslovak origin is of bad quality because it has some metallic content. 3. Hungary's monthly consumption of4 oto paper is approximately 15 to 20,000 square meters; production above ..he internal needs of Hungary i' exported to Holland, Bulgaria, Yugoslavia, and Rumania. In 1948 Holland bought photo paper in the amount of approximately )200,000.00 at a price of 1"1.20 per square meter and has a contract for the-delivery of photo pater in the amount of 1400,000 for 1949. Austria, Egypt, Israel, and Finland also have contracts for the delivery of photo paper with the company, but the value of the paper to be delivered is not known to In Yugoslav 25X1X6 relations the company experiended some difficulties-in obtaining the neces- sary export license, but the deliveries never came to a stop. In the Balkans all exports are made on a compensation basis. 4. The Hungarian Government plans to expand this shop by introducing the produc- tion of films and photo plates and has alloted 150,000 for the purchase of the equipment of the Perutz and also of the Schleissner factories, which were allegedly auctioned in Munich on 11 December 1948. Production of films and photo plates is scheduled to start in June 1949. 5. Since May 1948 the general manager of the company has been Laszlo Darvas, a former officer of the State Defense Department and a Communist. ULASSIt-ILAI IUN Approved For R p 1 LQ%@AuEC P82-004 : INFORMATION REPORT CD NO. WVIII FUL-11 ill VC. CLASSIFICATION Mme" NSRB DISTRIBUTION F8i document is hereby regraded to ,gyp TIAL in accordance with the letter of Ober 1978 from the Next RA Inav+edoPr Reid Archivist of the United Director of Centr liigence to the Aut 999/09/09 : CIA-RDP82-004W Approved For Release 1999/0'A-RDP82-00457R002500700002-9 CENTRAL INT_~,LLIGENCE AGENCY 25X1A2g 6, The company is subordinated to the Central Office for the Unorganic Chemical Industry, which in turn is a branch office of the Directorate for the 25X1X6 Chemical Industry under the Ministry of Industry. claims that these supervisory organs work well and rapidly. The company experienced some difficulties in marketing its products because of the lack of qualified sales personnel and also because of the mistrust encountered in Iestern countries for Hungarian-manufactured photo products. 7. Dissatisfaction is widespread because old, well-trained workers are dismissed as politically unreliable and replaced by young, inexperienced Communists and also because wages received do not permit workers to have the same stand- ards of living to which their wages entitled them in pre-war days Approved For Release 1999/09/09 : CIA-RDP82-00457R002500700002-9