Other News
| Supplemental Decision Concerning the Tax Claim in Turkey | ||
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Pursuant to previous reports made by Hadera Paper Ltd. pertaining to the tax claim in Turkey of the Turkish company, that is controlled by the associated company Hogla-Kimberly Ltd. |
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| Receipt of notice from natural gas supplier regarding reduction in delivered quantities of natural gas | ||
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Pursuant to the immediate report of Hadera Paper Ltd. regarding the signing of an agreement between the Company and the partners in the Yam Tethys project, pursuant to which the term of the agreement for the purchase of natural gas, was extended by an additional two years, until the middle of 2013. |
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| Signing of Natural Gas Purchase Agreement | ||
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Hadera Paper Ltd. does hereby announce that an Agreement was signed on January 25, 2012, between the Company and the partners in the Tamar Project, the Company will purchase natural gas from Tamar |
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| Announces Voluntarily NYSE Amex Delisting and SEC Deregistration | ||
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Hadera, Israel, November 30, 2011 - Hadera Paper Ltd. (AMEX:AIP) (the "Company" or "Hadera Paper") today announced that its |
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| United states securities and exchange commissions | ||
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Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 November 30, 2011 |
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| The Central Growth Engine of Hadera Paper Group in 2010: The Increased Output Capacity of Machine 8 | ||
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Six month anniversary for machine 8: The new packaging paper manufacturing line at Hadera Paper opens up new business horizon |
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| Hadera Paper intensifies its operations in wastewater recycling | ||
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The Hadera Paper Group is continuing to realize its vision of an "effluent-free" manufacturing plant, as part of the group's strategy. In the past several months, the Group has intensified its operations in the recycling of waste water at the Hadera manufacturing sites and estimates that it will double the recycling of waste water this year, at the water softening plant, to approximately 500,000 m³. In parallel, the company is examining the establishment of a wastewater purification plant in Hadera, that would allow to reclaim an additional quantity of approximately 2,000,000 m³ for all of the manufacturing sites in Hadera. The pilot project for the purification of wastewater has been running successfully since the beginning of the year and based on its results, the company will consider the establishment of the above-mentioned purification plant, that is scheduled to enter into operations in 2012. The wastewater purification project, if constructed, would allow to reclaim approximately 2,000,000 m³ of wastewater, representing over 70% of the consumption of fresh water supplied to Hadera Paper. |
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| Issue of Hadera Paper bonds - Series 5 | ||
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Hadera Paper Group raised debt from investors in May by way of issuing unlinked NIS bonds (Series 5), bearing a fixed rate of interest, at a total volume of NIS 181.56 million. The company originally received orders totaling NIS 360 million, representing demand that exceeded by five times the original amount that the company intended to issue. The annual interest rate that was determined in the tender was 5.85%. The bonds that were issued received a rating of A+ (with a negative rating outlook) from rating company Maalot S&P. The bond rating of the company was performed by Maalot S&P, inter alia on account of "a diversified revenue base that includes various types of paper products and consumer goods, the leading status of Hadera Paper in the packaging paper market, the hygiene products market and the strength of the strategic partners". The Maalot S&P recommendation further stated that the exposure of the Group to the pulp prices is rather low, coupled with the fact that the company possesses advantages in both integration and in the value chain, including the ability to collect and supply the recycled paper that is necessary for the operation of the new machine - Machine 8. The complete Maalot report was published May 10, 2010, and may be found on the Stock Exchange and Securities Authority websites. |
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| Running in of Machine 8 | ||
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The new packaging paper manufacturing array - Machine 8 - has entered the running-in phase. The current production volume totals approximately 400 tons per day, according to the running-in plan, representing approximately 50% of the maximum output capacity that is expected during the regular operation of the machine, amounting to approximately 750 tons per day. The project in general is in line with the planned schedule and installation and is also within the planned budget. The running-in stage is expected to last several months. During the first two months of operation, the new machine has already produced over 10,000 tons of paper that have already been sold to customers in Israel and worldwide. Hadera Paper's new manufacturing system, built at an overall investment of approximately NIS 690 million, produces packaging paper for cardboard packaging on the basis of 100% recycled newsprint and cardboard waste. During the running-in stage, the machine is producing fluting and test liner paper. The paper quality indices during the running-in stage are in full compliance with international standards in this area. The company has already received satisfactory reactions from customers who have acquired the paper from the initial runs, who have reported that the paper meets the standards of their production systems. During all the months of the running-in period, the machine is planned to produce approximately 50,000 tons of packaging paper, that have already been sold in advance to customers in Israel and worldwide, as is customary during the running-in processes of paper machines worldwide. The significant growth in the output capacity of the machine, as well as in the expansion of product types and range are expected to provide an optimal solution for meeting the volume of demand on the local market, as a replacement for imported paper products, while allowing Hadera Paper to develop export markets. Central events: On January 14, 2010, the new manufacturing system for packaging paper entered into operation at Hadera. On January 18, 2010, the machine produced its first roll of paper, with a width of 5.45 m, a diameter of 2.5 m and a weight of 25 tons. The machine runs at a speed of approximately 700 meters per minute, a capacity that is equal to 70% of the target speed for this machine, at full capacity. |
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| Innovative research by Hadera Paper and Tel Aviv University may increase the ability to recycle paper waste | ||
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Hadera Paper Group, has signed a unique agreement with Tel Aviv University for conducting innovative research regarding the use of bacteria in the paper industry. The new development will render it possible to clean paper production machines using bacteria, with the intention of increasing the efficiency of machines that produce packaging materials. Hadera Paper will contribute its considerable experience in the manufacture of paper and in industrial processes. The research will last approximately one year, with the option of being extended by one additional year. The considerable know-how that will be learned and collected during the research will be owned jointly by Hadera Paper and the University. The research is based on an attempt to develop an innovative process for cleaning paper production machines using bacteria, with the intention of improving the efficiency of machines that produce packaging materials. Moreover, the process that will be developed will render it possible to recycle greater quantities of paper waste, while replacing chemical detergents, thereby creating a more natural and environmentally-friendly process. The success of the research and development project would allow this technology to be sold to paper mills around the world. |
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| Carmel Containers reinforces its operations in digital printing | ||
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Carmel Containers Group has recently acquired an innovative HP digital printing machine, with the intention of meeting rising demand for sales promotion products, to increase visibility at the point-of-sale. The sales promotion and Below the Line areas (BTL) have been developing rapidly in the past several years, with more and more companies identifying the attractiveness of advertising activity at the point-of-sale, while allocating considerable resources to these operations. To this end, Carmel Digital decided to expand its output capacity and to acquire the new digital printing machine, so as to increase its output capacity considerably, while improving the quality of printing, the range of materials that can be printed on and while ensuring rapid delivery to the customer. | |
| Construction of Machine 8 – in Preparation of Initial Operation in January 2010 | ||
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The deployment and preparations in anticipation of the machine's initial operation in January 2010 are proceeding according to plan with respect to schedules, performance quality and budgeting. The new system for material preparation is already operational and in advanced stages of trial runs to reach its specified work quality. In fact, the machine's structure is almost completed, and so is the machine's installation; acceptance testing of various machine assemblies is already under way. Amnir Recycling Industries Ltd is proceeding as planned with the collection of waste paper and expanding its collection channels to enable operation of the machine according to plans. | |
| Hadera Paper to Receive Approximately NIS 9 Million for Trading its Carbon Emission Reduction Credits | ||
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Hadera Paper is the first company in Israel to receive cash for trading credits on carbon emissions reduction. Hadera Paper Group recently received NIS 1.5 million, as first payment of a total of approximately NIS 9 million to be granted over 6 years, for trading credits on carbon emissions reduction. This is pursuant to the agreement that Hadera Paper signed in February 2009 with TEP (Trading Emissions PLC), a UK-registered investment company specializing in trading carbon reduction quotas. The agreement enables TEP to trade credits accumulated by Hadera Paper on carbon reduction quotas in the period 2008 to 2012. It became possible for the Hadera Paper Group to trade credits on carbon reduction following the conversion of the Group's power station at its Hadera site from fuel oil to environmentally-friendly natural gas. This initiative significantly reduces pollution emitted into the atmosphere, saves Company costs and allows it to derive revenues from the Clean Development Mechanism. The power plant’s conversion to natural gas has earned the Group the Green Globe Award of Life & Environment, which is the umbrella organization of environmental NGOs in Israel. The Clean Development Mechanism (CDM) was established during the UN's Japan 1997 Kyoto conference on climate changes. It enables developed countries to purchase reduction quotas on emissions of greenhouse gases generated by projects carried out in developing countries, by offering payment for such reductions. The purpose of the mechanism is to encourage companies to lower their greenhouse gas emissions into the atmosphere, thereby attempting to reduce the global warming effect. The international carbon market currently comprises the European trading platform as well as the direct trading of Carbon Emission Reduction credits (CERs). | |
| Hogla-Kimberly is Preparing for Winter: Expected Re-Launch of Kleenex Anti-Viral Tissues | ||
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In light of the swine flu outbreak in Israel, the rise of public awareness regarding hygiene and the dramatic rise in the sales of infection-prevention products, Hogla-Kimberly will re-launch Kleenex Anti-Viral tissues in November 2009. Kleenex Anti-Viral, a registered and exclusive patent of Kimberly-Clark, is a three-ply facial tissue enriched with active ingredients that eliminate 99.9% of flu and cold viruses, including H1N1. This initiative will be accompanied by an advertising campaign, sales promotions, visibility at sales outlets and PR. In addition, the Company is actively seeking to involve the Ministry of Health and Ministry of Education by issuing guidelines to schools and parents to supply children with hygienic products in anticipation of the approaching winter. | |
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Disclaimer: The foregoing information may contain forward-looking information as defined in the Securities Law, 5728-1968, including forecasts and assessments that are based, inter alia, on data held to date by the Company and on internal Company assessments and expectations. The Company has no certainty whatsoever that its forecasts and/or assessments will be realized, in whole or in part. In addition, the Company's forecasts and/or assessments may be realized in a different manner due to factors that are beyond the Company's control, among others. |
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