The main owner of the company is Clal Industries that holds 38% of the Hadera Paper Mills. Recently the company has decided to take steps to increase its revenues by decreasing its energy expenses, by moving from the use of fuel oil to natural gas. The company has constructed a cogeneration natural gas fired power station on its Hadera site. YT and Hadera Paper Mills – on 29.7.2005 an agreement was signed with HPM with supply starting in August 2007 and to conclude 5 years after first gas flowed or after 0.43 bcm has been supplied but not later than 1.7.2011. Price of the gas is based on discounted price to the price of fuel oil and includes a ceiling and floor price. The total value of the contract (100%) is about $40 million.
05.07.2009

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