Tuesday 11. March 2008
American Israeli Paper Mills Ltd. Packaging Paper Production System
American Israeli Paper Mills Ltd. (AMEX:AIP) [AIPM] announced that pursuant to the Company’s announcement dated November 19, 2006 and October 16, 2007 regarding the decision to establish — at the Company’s Hadera site — a new Production System for packaging paper produced from paper and board waste, with an output capacity of approximately 230 thousand tons per annum, at an investment of NIS 690 million (approximately $170 million), the Company is hereby honored to announce that it has completed the signing of the central agreements for acquiring the principal equipment for the said Production System.