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ICL Group Ltd. (Hebrew: איי.סי. אל. גרופ בע"מ) (formerly Israel Chemicals Ltd., ICL)[8] 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.[9] ICL produces approximately a third of the world's bromine, and is the world's sixth-largest potash producer.[10] It is a manufacturer of specialty fertilizers and specialty phosphates, flame retardants and water treatment solutions.[11]
 | |
Native name | איי.סי. אל. גרופ בע"מ |
|---|---|
| Company type | Public |
| NYSE: ICL TASE: ICL | |
| Industry | |
| Founded | 1968 |
| Headquarters | , |
Number of locations | 125 offices and plants (2022) |
Area served | Worldwide |
Key people |
|
| Products |
|
| Revenue |  US$6.955 billion (2021) |
| US$1.21 billion (2021) | |
| US$832 million (2021) | |
| Owner |
|
Number of employees | 13,233 (2021) |
| Divisions |
|
| Website | www.icl-group.com |
| Footnotes / references [1][2][3][4][5][6][7] | |
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.[12]
ICL Group serves customers in Asia.[13]
The company's share is a dual stock traded on the Tel Aviv Stock Exchange since 1991 and on the New York Stock Exchange under the symbol ICL, and is part of the Tel Aviv 35 Index.
Operations and business
edit90% 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).[14]
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 United States and South America.[citation needed] Also, in Ethiopia at Danakil mine, Afar Regional State, purchased from Allana Potash Corporation.
Polysulphate
editPolysulphate is a brand name for polyhalite fertilizer products produced for farming, turf, and horticulture. The only mined source is a polyhalite seam that lies 150–170 m (490–560 ft) beneath the potash seam at Boulby Mine, England.[15]
Food business
editICL 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.[16]
In December 2021, ICL announced the grand opening of a 10,000 square foot alternative protein production facility in St. Louis, Missouri.[17]
Financials
editIn April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million).[18]
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.[19] The bonds of the new offer are running for 20 to 30 years.[19]
References
edit- ^ Q4 2021 results (PDF) (press release), ICL, 13 February 2021
- ^ "New Israel Chemicals CEO: Big shoes to fill". Haaretz. 20 August 2012.
- ^ "ISRAEL insider: Nir Gilad".
- ^ "Akiva Mozes: Executive Profile & Biography". Bloomberg Businessweek. Archived from the original on 28 September 2013. Retrieved 22 September 2013.
- ^ "Israel Chemicals – ownership Data". Archived from the original on 3 August 2014. Retrieved 25 September 2013.
- ^ "Israel Chemicals Q3 report". Calcalist. Yedioth Ahronoth Group. 13 November 2013. Retrieved 13 November 2013.
- ^ ICL. "ICL Announces That Johanan Locker Will Conclude his Tenure as Chairman" (Press release). PR Newswire. Retrieved 15 June 2022.
- ^ "Israel Chemicals Ltd.'s Announcement of a Name Change to ICL Group Ltd". Archived from the original on 28 August 2022. Retrieved 16 February 2021.
- ^ "Israel Chemicals teams with Vietnamese co". Globes. 2 September 2013. Retrieved 29 September 2013.
- ^ Donville, Christopher (25 July 2013). "Potash Cuts Profit Forecast After Fertilizer Price Drop". Bloomberg News. Retrieved 30 September 2013.
- ^ "Israel Corp Limited/The (ILCO:Tel Aviv)". Bloomberg Businessweek. Archived from the original on 29 September 2013.
- ^ Knesset hears sovereign wealth fund will fall short of PM’s predicted bonanza
- ^ "ICL Group Ltd – Company Profile and News". Bloomberg News. Retrieved 4 July 2022.
- ^ Israel Chemicals – Company Profile Archived 2 December 2013 at the Wayback Machine BusinessWeek
- ^ Lazenby, Henry. "Polyhalite – an almost forgotten potash source back from the brink". Mining Weekly. Retrieved 19 May 2016.
- ^ "Israel Chemicals invests $20M in plant-based ingredient production". Food Dive. Retrieved 31 October 2019.
- ^ "ICL Opens New Alternative-Protein Facility in St. Louis". ICL Group. Retrieved 15 June 2022.
- ^ "Israel Chemicals Mulls 500 Mln Shekel Bond Issue". Retrieved 12 April 2009.
- ^ a b "Israel Chemicals seeks to extend debt with 20-30 year bond sale". Reuters. 14 May 2018. Retrieved 31 October 2019.
External links
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