Jul 15, 2005. /Lesprom Network/. American Israeli Paper Mills Ltd. announced on Thursday that the sales of Hogla Kimberly to Clubmarket amounts to approximately 6.4% of the consolidated sales of Hogla and the company estimates that in the mid and long term, Hogla's volume of sales will not be materially affected even if Clubmarket discontinues its operations. The company holds 49.9% of Hogla's shares. Therefore, if Hogla will not receive any consideration from Clubmarket on account of its debt, the maximum loss to the company (net of allowances and taxes) will be approximately NIS 5 million ($1.1 million). Hogla Kimberly manufactures and distributes a wide range of disposable baby nappies, feminine hygiene products, household paper products, institutional paper products, detergents and incontinence products.