ICL Group Ltd.

  (Redirected from Israel Chemicals)

ICL Group Ltd. (Hebrew: איי.סי. אל. גרופ בע"מ) (formerly Israel Chemicals Ltd.)[7] is a multi-national manufacturing concern that develops, produces and markets fertilizers, metals and other special-purpose chemical products. ICL serves primarily three markets: agriculture, food and engineered materials.[8] ICL produces approximately a third of the world’s bromine, and is the world’s sixth-largest potash producer.[9] It is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions.[10]

ICL Group Ltd.
Native name
איי.סי. אל. גרופ בע"מ
TypePublic
NYSEICL
TASEICL
Industry
Founded1968; 53 years ago (1968)
Headquarters,
Number of locations
195 Offices and plants (2012)
Area served
Worldwide
Key people
  • Raviv Zoller (President and CEO)
  • Yochanan Locker (Chairman)
  • Akiva Mozes (President and CEO,1999-2012)
Products
RevenueDecrease US$ 5.363 billion (2016)[1]
Decrease US$ 582 million (2016)[1]
Decrease US$ 451 million (2016)[1]
Owner
Number of employees
12,272 (2013)
Divisions
  • ICL Fertilizers
  • ICL Industrial Products
  • ICL Performance Products
Websitewww.icl-group.com
Footnotes / references
[2][3][4][5][6]
Mineral extraction in the Dead Sea

ICL is majority controlled by the Israel Corporation, one of the largest Israeli conglomerates. In addition to the Dead Sea Works, Israel Chemicals mines phosphates in the Negev desert.[11]

Operations and businessEdit

90% of ICL's sales are exports. Through its subsidiaries, ICL produces 35% of world's bromine, 13% of the world's potash (excluding US-Canada cross-border trade), 9% of the western world's magnesium and 3% of the world's phosphate rock, (excluding US-Canada cross-border trade).[12]

ICL exports fertilizers to Europe and to numerous specialty chemical market segments. In Israel, ICL is the largest supplier of fertilizers and chemicals, as well as one of Israel's largest companies.[citation needed]

60% of ICL's raw products (minerals) are excavated in Israel. ICL also owns and operates underground mines in Spain, United Kingdom (North Yorkshire), China, the US and South America.[citation needed] Also, in Ethiopia at Danakil mine, Afar Regional State, purchased from Allana Potash Corporation.

PolysulphateEdit

Polysulphate is a brand name for a variety of polyhalite-based fertilizer products, used in farming. Polysulphate is derived from a polyhalite seam that lies 150–170 m (490–560 ft) beneath the potash seam at Boulby Mine, England.[13]

Food businessEdit

ICL is active in the market for plant-based meat alternatives and invested $20 million in October 2019 to expand its manufacturing capacity and R&D base.[14]

FinancialsEdit

In April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million).[15]

ICL announced in September 2018 that it was launching a tender to buy back $800 million worth of 4.5 percent debt due in 2024 sold to bondholders in 2014.[16] The bonds of the new offer are running for 20 to 30 years.[16]

ReferencesEdit

  1. ^ a b c Q4 2016 results (PDF) (press release), ICL, 15 February 2017
  2. ^ "New Israel Chemicals CEO: Big shoes to fill". Ha'aretz. 20 August 2012.
  3. ^ "ISRAEL insider: Nir Gilad".
  4. ^ "Akiva Mozes: Executive Profile & Biography". Businessweek. Bloomberg L.P. Retrieved 22 September 2013.
  5. ^ "Israel Chemicals - ownership Data". Archived from the original on 3 August 2014. Retrieved 25 September 2013.
  6. ^ "Israel Chemicals Q3 report". Calcalist. Yedioth Ahronoth Group. Retrieved 13 November 2013.
  7. ^ Israel Chemicals Ltd.’s Announcement of a Name Change to ICL Group Ltd.
  8. ^ "Israel Chemicals teams with Vietnamese co". Globes. 2 September 2013. Retrieved 29 September 2013.
  9. ^ Donville, Christopher (25 July 2013). "Potash Cuts Profit Forecast After Fertilizer Price Drop". Bloomberg. Retrieved 30 September 2013.
  10. ^ "Israel Corp Limited/The (ILCO:Tel Aviv)". Businessweek. Bloomberg.com. Archived from the original on 29 September 2013.
  11. ^ Knesset hears sovereign wealth fund will fall short of PM’s predicted bonanza
  12. ^ Israel Chemicals - Company Profile Archived 2 December 2013 at the Wayback Machine BusinessWeek
  13. ^ Lazenby, Henry. "Polyhalite – an almost forgotten potash source back from the brink". Mining Weekly. Retrieved 19 May 2016.
  14. ^ "Israel Chemicals invests $20M in plant-based ingredient production". Food Dive. Retrieved 31 October 2019.
  15. ^ "Israel Chemicals Mulls 500 Mln Shekel Bond Issue". Retrieved 12 April 2009.
  16. ^ a b "Israel Chemicals seeks to extend debt with 20-30 year bond sale". Reuters. 14 May 2018. Retrieved 31 October 2019.

External linksEdit