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Hezi Nissan, controlling shareholder of Nissan Medical Industries made clear to Amir Paper Products, troubled manufacturer of Tafnukim diapers, that his offer to finance operations was valid only until today.

Nissan's offer was to inject immediate funds to keep Amir's plant in operation, but he repeated that he had no plans to bid for the plant, which manufacturers surgical dressings and diapers for adults as well as the Tafnukim brand. "I went to the banks," Nissan said yesterday," and I explained to them that I can help the sick cow known as Paper Products and make it produce milk. The banks were convinced and now they want to milk it."

Amir Paper Products and Kibbutz Amir were granted court protection from their creditors on August 12 by the Nazareth District Court for 60 days. The court-appointed trustee for the company, Oren Gutman, has been in contact with Bank Hapoalim, Amir's major creditor, but the bank has yet to accept Nissan's offer to keep the plant running while it conducts further investigations into the paper products firm.

Sources close to the trustee said yesterday though, that Nissan's offer had not been concrete, and could not be worked with.

Clear Chemicals, a manufacturer of paper products and detergents, has also come along to take a look at Amir's plant, but reported yesterday that it had not yet made any concrete offer. "We have visited the plant," a company spokesman said, "and we are still checking the viability of buying... We are still unsure if we will eventually make an offer. We will decide by the weekend."

Clear Chemicals has a paper products plant in Ofakim and a detergent plant in Petah Tikva. It employs some 150 workers, and its main products of plastic sheeting, paper products and detergents are marketed mostly to hospitals, hotels and industrial clients.

Amir Paper Products and Kibbutz Amir have together accumulated debts of NIS 270 million; of this, NIS 110 million of debt belongs to the company and NIS 160 million to the kibbutz.