ICL Group Ltd.

Global manufacturer of mineral based products From Wikipedia, the free encyclopedia

ICL Group Ltd.

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]

Quick Facts Native name, Company type ...
ICL Group Ltd.
Native name
איי.סי. אל. גרופ בע"מ
Company typePublic
NYSE: ICL
TASE: ICL
Industry
Founded1968; 57 years ago (1968)
Headquarters,
Number of locations
125 offices and plants (2022)
Area served
Worldwide
Key people
  • Raviv Zoller (President and CEO)
  • Yoav Doppelt (Chairman)
  • Akiva Mozes (President and CEO, 1999-2012)
Products
Revenue US$6.955 billion (2021)
US$1.21 billion (2021)
US$832 million (2021)
Owner
Number of employees
13,233 (2021)
Divisions
  • Industrial products
  • Potash
  • Phosphate solutions
  • Growing solutions
Websitewww.icl-group.com
Footnotes / references
[1][2][3][4][5][6][7]
Close
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.[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

Summarize
Perspective

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).[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

Polysulphate 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

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.[16]

In December 2021, ICL announced the grand opening of a 10,000 square foot alternative protein production facility in St. Louis, Missouri, previously owned by Bayer.[17]

Lithium iron phosphate

ICL began developing a new plant in St. Louis to process lithium iron phosphate in 2023. In 2024, ICL received US federal infrastructure grant funds to build a larger plant in north St. Louis.[18]

White phosphorus

ICL supplies White phosphorus munition to the United States Armed Forces and commercial customers.[19] The largest production facility is in Pine Bluff, Arkansas, as a collaboration with Pine Bluff Arsenal, ICL, and Bayer.[20]

Financials

In April 2009, the company was said to be considering a bond offering to raise 500 million shekels ($122 million).[21]

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.[22] The bonds of the new offer are running for 20 to 30 years.[22]

References

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