SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the Month of August 2005
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AMERICAN ISRAELI PAPER MILLS LTD.
(Translation of Registrant's Name into English)
P.O. Box 142, Hadera, Israel
(Address of Principal Corporate Offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F:
|X| Form 20-F |_| Form 40-F
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): |_|
NOTE: Regulation S-T Rule 101(b)(1) only permits the submission in paper
of a Form 6-K if submitted solely to provide an attached annual report to
security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): |_|
NOTE: Regulation S-T Rule 101(b)(7) only permits the submission in paper
of a Form 6-K submitted to furnish a report or other document that the
registrant foreign private issuer must furnish and make public under the
laws of the jurisdiction in which the registrant is incorporated,
domiciled or legally organized (the registrant's "home country"), or
under the rules of the home country exchange on which the registrant's
securities are traded, as long as the report or other document is not a
press release, is not required to be and has not been distributed to the
registrant's security holders, and, if discussing a material event, has
already been the subject of a Form 6-K submission or other Commission
filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934:
|_| Yes |X| No
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule12g3-2(b): 82-______________
Attached hereto as Exhibit 1 and incorporated herein by reference is the
Registrant's press release dated August 1, 2005.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
AMERICAN ISRAELI PAPER MILLS LTD.
(Registrant)
By: /s/ Lea Katz
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Name: Lea Katz
Title: Corporate Secretary
Dated: August 2, 2005
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
1. Press release dated August 1, 2005
Exhibit 1
Client: AMERICAN ISRAELI
PAPER MILLS, LTD.
Agency Contact: PHILIP Y. SARDOFF
For Release: IMMEDIATE
AMERICAN ISRAELI PAPER MILLS LTD. SIGNED AN AGREEMENT
WITH THETIS SEA GROUP
Hadera, Israel, August 1, 2005 - American Israeli Paper Mills Ltd. (ASE:AIP)
(the "Company") announced that on July 29, 2005 it had signed an agreement in
London with Thetis Sea Group for the purchase of natural gas. The purchased gas
will provide the Company's needs for the next few years for the operation of its
cogeneration power plant in its Hadera site, which will be converted to use
natural gas rather than fuel oil.
The supply of the gas according to the agreement will commence upon the
completion of the pipeline and the facilities required in the Company's site,
the operation of which is expected in July 2006, and will be terminated upon the
earliest of the following:
(1) 5 years after the date of commencement of the gas flow;
(2) the time at which the Company shall have purchased an aggregate of
0.43 BCM of natural gas from Thetis Sea Group;
but not later than July 1, 2011.
Total estimated amount of the consideration to be paid by the Company to Thetis
Sea Group under the agreement is about $40 million throughout its term.
Simultaneously, as previously announced, the Company is continuing to advance
and review the project of establishing a new power plant at its site in Hadera
according to the basic permit for an electricity production license, which it
received from the Israeli Ministry of National Infrastructures.